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617 W 3rd St
Long Beach, CA 90802 Downtown Long Beach

$1,899,000 USD

Multifamily For Sale  •  7,190 SF

Property Details

  • Property Type Multifamily
  • Total Building Size 7,190 SF
  • Year Built 1921
  • Cap Rate 6.02 %
60 Transit Score
60 Walk Score

Highlights

Central downtown location
Great walkability and transit access
Utility upgrades

Property Flyers

Financial Summary (Actual)

Net Operating Income: $114,676 USD (2025)
Cap Rate: 6.02 %
Total Expenses: $52,532 USD

Public Transportation

Transit/SubwayDriveWalkDistance
Pacific Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 8 min 0.5 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 2 min 11 min 0.6 mi
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 14 min 0.7 mi
5Th Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro)) 3 min 15 min 0.8 mi
AirportDriveWalkDistance
Long Beach (Daugherty Field) 12 min - 7.2 mi
Los Angeles International 30 min - 21.6 mi
John Wayne/Orange County 34 min - 27.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Jim Kelsey CCIM 805-709-4828 Century 21 Masters
Jim Kelsey CCIM 805-709-4828 Century 21 Masters