545 W 3rd Street
Long Beach, CA 90802
- 3 beds
- – baths
- 5,449 sqft
- 7,502 sqft lot
- $357 per sqft
- 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.
Last checked:
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Last updated Apr 15, 2025
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MLS# CRPW25033854 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1911
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Building Area Units:Square Feet
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Building Area Total:5449
Room Dimensions
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Living Area:5449
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Living Area Units:Square Feet
Location
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Directions:West on 3rd st towards the 710
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Exterior Features:Other
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Parcel Number:7278022037
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Zoning:LBPD
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Lot Size Area:0.17
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Lot Size Acres:0.17
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Lot Size SqFt:7502
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:5759.01
Beds
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Bedrooms Total:3
The Listing
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Listing Terms:Cash
Appliances
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Laundry Features:Laundry Closet
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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4/14/25
Apr 14, 2025
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Price Changed | BRIDGE | $1,950,000 | -3.7% |
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2/21/25
Feb 21, 2025
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Listed / Active | BRIDGE | $2,025,000 | 122.5% (10.3% / YR) |
|
8/25/22
Aug 25, 2022
|
Listed / Active | CRMLS_CA |
