545 W 3rd Street
Long Beach, CA, 90802
$2,025,000
Beds
0 Baths
SqFt
0.17 Acres
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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&#39're walking to local coffee shops, dining out, or commuting, convenience is at your tenant&#39'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.

Property Details

Price:
$2,025,000
MLS #:
PW25033854
Status:
Active
Baths:
0
Address:
545 W 3rd Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Feb 14, 2025
State:
CA
ZIP:
90802
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1911
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2
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545 W 3rd Street
Long Beach, CA