Westside (11) Homes with Apartment Subtype

Westside (11) Homes with Apartment Subtype

Welcome to the vibrant Westside region of Long Beach, California, where coastal charm meets urban sophistication. Nestled within the heart of Los Angeles County, this dynamic neighborhood is renowned for its eclectic mix of residential options, cultural diversity, and proximity to stunning beaches.

The Westside boasts a variety of homes, including charming apartments that cater to a range of lifestyles. Whether you’re a first-time homebuyer, a busy professional, or looking for a cozy retreat, the apartment subtypes available here offer the perfect blend of comfort and convenience. Many of these residences feature modern amenities, spacious layouts, and beautiful views, making them ideal for those who appreciate a stylish yet functional living space.

Living in Westside means you’re just moments away from the sandy shores of Long Beach, where you can unwind, soak up the sun, or indulge in an array of water sports. The neighborhood is also home to a thriving arts scene, with local galleries, theaters, and music venues that add a creative flair to everyday life.

Moreover, residents enjoy easy access to a variety of dining options, from trendy cafes to gourmet restaurants, as well as ample shopping opportunities. With excellent schools and parks nearby, Westside is not only a great place to live but also a wonderful community to grow and thrive in.

Explore the allure of Westside Long Beach, where your dream apartment awaits in a neighborhood that truly has it all!

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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