Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban convenience. Nestled within Los Angeles County, this lively neighborhood is renowned for its eclectic mix of cultures, stunning waterfront views, and a welcoming community atmosphere. Whether you're a first-time homebuyer, a seasoned investor, or looking to settle down in a unique area, the Westside offers an array of homes that cater to diverse lifestyles.

One of the standout features of Westside is its array of homes with apartment subtypes, perfect for those seeking versatility and potential rental income. These properties not only provide the comfort of a private residence but also the opportunity to generate revenue through rental units. Imagine living in a spacious two-bedroom unit while renting out a cozy studio apartment to help offset your mortgage. It’s an ideal setup for both families and individuals looking to maximize their investment.

The Westside is rich in amenities, with easy access to beautiful beaches, lush parks, and a variety of dining and shopping options. Residents enjoy a laid-back lifestyle combined with the excitement of city living, making it a perfect place to call home. With a strong sense of community and a range of cultural events throughout the year, Westside is more than just a location; it’s a lifestyle.

Explore the possibilities that await you in Long Beach’s Westside, where your dream home with apartment potential is just around the corner!

Newest Westside (11) Homes with Apartment Subtype

$5,600,000

OC26123229 MLS ⋅ Active Status

Seller Financing Available – 75% LTV at 4% Interest, Interest-Only Payments for Up to 5 years. La Pasada, a 29-unit apartment building located at 515 W. 3rd Street in the heart of Downtown Long Beach. The property consists of 11 SRO units, 14 studios, and 4 one-bedroom apartments, serving the area's growing demand for affordable workforce housing. Originally constructed as a hotel, La Pasada has operated as apartments for more than two decades while retaining its grandfathered hotel zoning. This rare designation provides ownership with the flexibility to continue operating as apartments or explore future short-term lodging opportunities. The building has undergone substantial capital improvements, including renovated unit interiors, central HVAC throughout all 29 units, a remodeled second-floor community bathroom, updated building systems, and an on-site laundry facility. Additional improvements include a newer roof, upgraded electrical infrastructure, replacement windows, and sewer line improvements. Located within walking distance of the waterfront, La Pasada benefits from proximity to Aquarium of the Pacific, Long Beach Convention Center, Shoreline Village, and Cesar E. Chavez Park. The property also enjoys convenient access to the 710 Freeway, Pacific Coast Highway, public transportation, and the ongoing redevelopment of Downtown Long Beach. With below-market financing, a strategic downtown location, flexible zoning, and upside through stabilization of occupancy, La Pasada represents a compelling investment opportunity in one of Southern California's most dynamic urban markets. Investment Highlights Seller financing: 75% LTV at 4% interest, interest-only payments for up to 5 years 29-unit workforce housing asset (11 SROs, 14 studios, 4 one-bedrooms) Grandfathered hotel zoning provides operational flexibility Significant recent capital improvements completed Central HVAC in first floor units Opportunity to increase income through lease-up and operational stabilization Walkable Downtown Long Beach location near major employment, entertainment, and waterfront amenities Positioned to benefit from continued investment and redevelopment in Downtown Long Beach Current stabilized cash-on-cash return exceeds 7% with seller financing in place.

515 W 3rd, Long Beach

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