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.
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
Zillow last checked: 7 hours ago
Listing updated: July 24, 2025 at 11:42am
Source: CRMLS,MLS#: PW25122555
Originating 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