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545 W 3rd Street

Long Beach, CA 90802

– beds
– baths
– sqft
7,502 sqft lot
1911 build
– on site

Exciting Investment Opportunity in Downtown Long Beach – Prime PD-30 Zoning! Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beach’s most desirable areas. Situated on a prime lot with coveted PD-30 zoning, this property may offer the potential for up to 40 units (buyer to verify with the city). The current configuration includes four spacious 3-bedroom, 2-bath units, providing solid rental income while you explore development options. Each unit is well-sized, offering comfortable layouts and potential for renovations or upgrades. Location is everything, and this property is just steps away from the Gov. George Deukmejian Courthouse, shops, restaurants, and public transit. Whether you're walking to local coffee shops, dining out, or commuting, convenience is at your tenant's doorstep. Don’t miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California’s fastest-growing markets.

Listed By CRMLS_CA / Christa Vessell / Coldwell Banker Commercial / 909-771-8779

Last checked: Checking… • Last updated Feb 21, 2025 •

MLS# PW25033854 —

This property is listed in more than one place. See it here.

The Building

Year Built:

1911
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

5449.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

1
Stories Total:

2
Entry Level:

1
Common Walls:

1 Common Wall
# of Separate Gas Meters:

4
# of Separate Water Meters:

1
# of Separate Electric Meters:

4

Interior

Entry Location:

3rd st
Laundry:

In Closet
Laundry:

1

Location

Directions:

West on 3rd st towards the 710
Latitude:

33.77081100
Longitude:

-118.19901800

The Property

Property Type:

Residential Income
Subtype:

Apartment
Zoning:

LBPD30
Lot Features:

0-1 Unit/Acre
Lot Size Area:

7502.0000
Lot Size Acres:

0.1722
Lot Size SqFt:

7502.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

138
Tax Census Tract:

5759.01
Tax Tract:

037
Tax Lot:

20

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7278022037
Showings Begin:

2025-02-21

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Alamitos Beach (AB)
Subdivision:

Alamitos Beach (AB)
Features:

Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
2/21/25 Feb 21, 2025	Listed / Active	CRMLS_CA	$2,025,000	122.5% (10.3% / YR)
3/29/13 Mar 29, 2013		CRMLS_CA	$910,000

Multifamily For Sale

$2,025,000

Listing provided by broker:

Christa Vessell

Coldwell Banker Commercial

909-771-8779

Want a closer look?

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This multifamily located in Downtown Long Beach, Long Beach, CA 90802 is currently for sale for $2,025,000. 545 W 3rd Street is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 545 W 3rd Street is in the Downtown Long Beach neighborhood of Long Beach and has a WalkScore® of 91, making it a walker’s paradise. This multifamily is in the attendance area of Cabrillo High School, Washington Middle School, and Chavez Elementary School.

Listing Courtesy of: CRMLS_CA and Coldwell Banker Commercial. Based on information from California Regional Multiple Listing Service, Inc. as of 16:25 on Feb 22.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.