617 W 3rd St

Long Beach, CA 90802

$1,849,000
Price
9
Beds
9
Baths
7,190 Sq. Ft.
$257 / Sq. Ft.
7,190
Sq. Ft.
$257
per Sq. Ft.
Get preapproved with Rocket Mortgage1
Pending
Pending

Description

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...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 6.02% cap rate, offering stable in-place income with additional upside potential.
  1. Listed by Melinda Elmer • DRE #01399946 • Brokerage DRE #01849354 • Century 21 Masters • 562-316-2915
  2. Listed by James Kelsey • DRE #01354722 • Brokerage DRE #01849354 • Century 21 Masters-Arroyo Grande

Property Details for 617 West 3rd Street

View
Neighborhood
Parking Spaces Total
4
Private Pool
No
Cooling Type
None
Total Units
9.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
7190
LISTING UPDATED: 05/05/2026 05:45 AM

Property Details for 617 West 3rd Street

StatusPending
MLS #PW26065075
Days on Market39
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMixed Use
MLS TypeResidential Income
Year Built1921
Lot Size0.17 AC / 7,508 SF
CountyLos Angeles County
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Location

Listing Courtesy of Century 21 Masters, Melinda Elmer, DRE #01399946; Century 21 Masters-Arroyo Grande, James Kelsey, DRE #01354722
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Building Information for 617 West 3rd Street

Stories2Residences-Year Built1921Building Size-Lot Size0.17 AC / 7,508 SF

Payment Calculator

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$9,710 per month

30 year fixed, 6.46% Interest

Principal and Interest

$9,311

Property Taxes

$399

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 617 West 3rd Street

Rental Info
Rental Info
  • Tenant Pays: Gas, Telephone, Cable TV, Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $167,208
  • Gross Scheduled Income: $167,208
  • Gross Operating Income: $167,208
  • Net Operating Income: $114,376
  • Number Of Rented Garages: 2
  • Garage Rental Rate: $0
  • Garage Income: $0
  • Laundry Income: $0
  • Cap Rate: 6.02
Expense Details
  • Operating Expense: $52,532
  • New Taxes Expense: $21,360
  • Gardener Expense: $1,020
  • Fuel Expense: $0
  • Pest Control Expense: $564
  • Electric Expense: $0
  • Insurance Expense: $9,600
  • Maintenance Expense: $3,600
  • Professional Management Expense: $7,388
  • Trash Expense: $3,500
  • Water Sewer Expense: $5,500
  • Total Expenses: $52,532
Tax / Assessment Info
  • Tax Block: 137
  • Tax Tract: 575901
  • Tax Tract Number: 575901
  • Tax Lot: 23
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Street Lights, Urban, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: No
  • Laundry Features: None
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Floor Furnace
  • Heating: Floor Furnace
Exterior Features
  • Entry Location: frist floor
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: Walkstreet
  • Number Of Units: 9
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Available, Sewer Available, Phone Available, Natural Gas Available, Sewer Connected, Cable Available, Electricity Available, Phone Connected, Electricity Connected, Water Connected
  • Electric: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage
  • Uncovered Spaces: 2
  • Open Other Spaces Total: 2
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage
Property / Structure Info
  • Builders Tract Name: Downtown
  • Builders Tract Code: Downtown (DT)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 2
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,622
  • Unit Type Total Rent: $1,622
  • Unit Type Pro Forma: 1800
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,395
  • Unit Type Total Rent: $1,395
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 8
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,513
  • Unit Type Total Rent: $1,513
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 5
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,495
  • Unit Type Total Rent: $1,495
  • Unit Type Pro Forma: 1975
  • Unit Type Type: 6
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,619
  • Unit Type Total Rent: $1,619
  • Unit Type Pro Forma: 1875
  • Unit Type Type: 7
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,731
  • Unit Type Total Rent: $1,731
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 9
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,769
  • Unit Type Total Rent: $1,769
  • Unit Type Pro Forma: 1925
  • Unit Type Type: 2
Unit 9
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,824
  • Unit Type Total Rent: $1,824
  • Unit Type Pro Forma: 1950
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 9

Property History for 617 West 3rd Street

DateEvent & SourcePriceAppreciation
May 5, 2026

Pending

CRMLS #PW26065075

—
May 5, 2026

Pending

CLAW #PW26065075MR

—
Apr 24, 2026

Price Change

CLAW #PW26065075MR

$1,849,000—
DateEvent & SourcePrice
05/05/2026

Pending

CRMLS #PW26065075

—
05/05/2026

Pending

CLAW #PW26065075MR

—
04/24/2026

Price Change

CLAW #PW26065075MR

$1,849,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 617 West 3rd Street

Taxable ValueLand$51,449Additions$69,819Total$121,268
Tax Record2025$4,792 ($399 / month)
Home Facts
Total Finished SqFt7,190 SqFtAbove Grade Finished SqFt7,190 SqFtLot Size7,508 SqFtStyleMulti-Family Res (5+ Units)Year Built1921ZoningLBPD30CountyLOS ANGELESAPN7278-022-021

Schools near 617 West 3rd Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Chavez Elementary School
Public - K to 5
Washington Middle School
Public - 6 to 8
Cabrillo High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Chavez Elementary School
PublicK to 5

Washington Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Century 21 Masters, Melinda Elmer, DRE #01399946; Century 21 Masters-Arroyo Grande, James Kelsey, DRE #01354722

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.