515 W 3Rd Street, Long Beach, CA 90802

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Property Description

La Pasada is a 29-unit apartment community located directly across the street from the downtown courthouse. Featuring new sewer lines, plumbing (1st & 2nd floor), electrical system, roof, windows, the entire 1st floor has been rebuilt form the studs out. These units have central HVAC. The 2nd floor has had all the bathrooms completely remodeled and the balance of the interiors upgraded. The 3rd floor features two common area bathrooms and 11 single room occupancy units which are in good condition. The seller is offering to provide a 70% first note and trust deed, at a 5% interest rate, with interest only payments for the term of the loan.


Interior Features

Laundry Information
Location(s) Common Area
Bedroom Information
Bedrooms N/A
Bathroom Information
Bathrooms N/A

Listing Information

Address 515 W 3Rd Street
City Long Beach
State CA
Zip 90802
County Los Angeles
Listing Agent Mike Marcu DRE #00919594
Courtesy Of Mike Marcu, Broker
List Price $5,950,000
Status Active
Type Residential Income
Subtype Apartment
Structure Size N/A
Lot Size 6,093
Year Built 1928

Listing information courtesy of: Mike Marcu, Mike Marcu, Broker. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 25th, 2024 at 12:21 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.