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Listed by 310-463-2916 - Robert Stepp - DRE #01456379 - Keller Williams - Santa Monica 310-482-2200

$8,700,000

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527 3rd Street Long Beach, CA 90802

Mixed Use Residence

Beds

Baths

19,935 Sq. Ft.

0.17 Acre Lot

Property Activity

Time on Site

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Last updated on 11/16/2024 12:47 AM

Listing Details

527 W. 3rd Street is a 36-unit apartment asset in prime Downtown Long Beach. The property features a mix of four (4) 1BD / 1 BA, (27) studios, and five (5) micro studios. Many of the units have been renovated with designer fixtures and finishes, including new countertops, cabinetry, tile and floorin...g in the kitchens and bathrooms, stainless steel appliances and lighting. The secured access building offers a bright, spacious entryway, new carpet and paint in hallways, and on-site laundry facilities. With its prime West Gateway location, the property provides convenient access to the newly redesigned Lincoln Park, an integral part of the 22- acre, $520 million Civic Center redevelopment project. The Long Beach Civic Center Master Plan includes a 270,000-square-foot City Hall, 93,500-square-foot landmark Main Library, updated bike/bus/Metro Blue Line transit system, design guidelines for 800 residential units, and vibrant amenities across the revitalized Downtown area. 527 W. 3rd Street presents a new buyer with a beautifully renovated asset in a highly desirable Long Beach location at 12.89 GRM on actual rents. Continue reading

MLS#

PW23051137

Property Type

Mixed Use

Status

Year Built

1929

Square Feet

19,935 sq. ft

Lot Size

0.17

Sewer