Pending

Listed by Melinda Elmer and James Kelsey

Source: California Regional Multiple Listing Service, Inc #PW26065075

617 West 3rd Street, Long Beach, CA, 90802

$1,650,000

4
7190 sq. ft.
7508 sq. ft.

Other

•

1 day on the market

What's around 617 West 3rd Street

About this property

Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, the property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 7.33% cap rate, offering stable in-place income with additional upside potential.

Looking for more information on 617 West 3rd Street?

Explore comparables, sales history and growth for this property.
Learn more

Contact

Similar properties for sale nearby

For Sale
$990,000
341 Bonito Avenue
Long Beach CA 90802
Other
Listing courtesy of Keller Williams Pacific Estate
For Sale
$169,000
3/635 Elm Ave
Long Beach CA 90802
1
Other
Listing courtesy of Dunfee Real Estate Services
For Sale
$225,000
11/640 Elm Avenue
Long Beach CA 90802
1
1
Other
Listing courtesy of Re/max R. E. Specialists

Other properties for sale by Full Realty Services, Inc.

For Sale
$899,000
15120 La Barca Road
La Mirada CA 90638
4
2
2
Single-Family
Listing courtesy of Full Realty Services, Inc.
For Sale
$829,900
11150 Archway Drive
Whittier CA 90604
3
2
6
Single-Family
Listing courtesy of Full Realty Services, Inc.
Pending
$999,995
4437 Keever Ave
Long Beach CA 90807
5
3
4
Single-Family
Listing courtesy of Full Realty Services, Inc.

Browse properties sold in nearby areas

The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA") provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under MLS GRID IDX Rules Updated September 16, 2024 7 U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices must be sent in writing by email to: dmca@ratemyagent.com

The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and email address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.

© 2026 RateMyAgent