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Off market
  • Listing Provided by: 
    $1,847,800

    545 W 3rd St, Long Beach, CA 90802

    --beds
    --baths
    5,449sqft
    Quadruplex
    Built in 1911
    -- sqft lot
    $1,847,800 Zestimate®
    $339/sqft
    $2,899 Estimated rent

    What's special

    Exciting Investment Opportunity in Downtown Long Beach – Prime PD-30 Zoning, 7,500 sf lot! 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. Rare gated parking with 10 parking spaces. 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.

    Zillow last checked: 7 hours ago

    Listing updated: July 24, 2025 at 11:42am

    Source: CRMLS,MLS#: PW25122555MLS LogoOriginating MLS: California Regional MLS

    Facts & features

    Interior

    Appliances
    • Laundry: Laundry Closet
    Features
    • Common walls with other units/homes: 2+ Common Walls
    Interior area
    • Total structure area: 5,449
    • Total interior livable area: 5,449 sqft

    Property

    Parking
    • Total spaces: 10
    • Parking features: Gated, Private, Unassigned
    • Uncovered spaces: 10
    Features
    • Entry location: 3rd St
    • Pool features: None
    Lot
    • Size: 7,502 sqft
    • Features: Near Public Transit, Rectangular Lot, Walkstreet
    Details
    • Parcel number: 7278022037
    • Zoning: LBPD30
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Quadruplex
    • Attached to another structure: Yes
    Condition
    • New construction: No
    • Year built: 1911

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & neighborhood

    Community
    • Community features: Curbs, Park, Storm Drain(s), Street Lights, Sidewalks
    Location
    • Region: Long Beach
    • Subdivision: Alamitos Beach (Ab)

    Other

    Other facts
    • Listing terms: Cash to New Loan
    Services availability
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    Estimated market value

    $1,847,800