$1,775,000
-$74,000617 West 3rd Street, Long Beach CA 90802
Multi-Family (9 Units)
Property type
70 days
On market
$247
Price per sqft
2 cars
Garage
1921
Year built
7,508 sqft
Lot size
Home highlights
Open Houses
Overview
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...
Listing provided by: Melinda Elmer DRE #01399946, Century 21 Masters, James Kelsey DRE #01354722, Century 21 Masters
Listing updated: May 28, 2026 at 06:03pm.
Last checked: Jun 2, 2026 at 09:30am
Source: CRMLS #PW26065075
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 1 | 1 | — | $1,622 | $1,622 | $1,800 | Unfurnished |
| 1 | 1 | 1 | — | $1,769 | $1,769 | $1,925 | Unfurnished |
| 1 | 1 | 1 | — | $1,513 | $1,513 | $1,925 | Unfurnished |
| 1 | 1 | 1 | — | $1,824 | $1,824 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,495 | $1,495 | $1,975 | Unfurnished |
| 1 | 1 | 1 | — | $1,619 | $1,619 | $1,875 | Unfurnished |
| 1 | 1 | 1 | — | $1,395 | $1,395 | $1,950 | Unfurnished |
| 1 | 1 | 1 | — | $1,731 | $1,731 | $1,950 | Unfurnished |
# of Buildings: 2
# of Units Total: 9
Separate Electric Meters: 9
Separate Gas Meters: 9
Separate Water Meters: 9
Rent Control: No
Tenant Pays: Cable Tv, Electricity, Gas, Telephone
Financial Snapshot
Gross Rent Multiplier
10.6x
List Price / Annual Gross Rent
Cap Rate
6.02%
NOI / List Price
Gross Scheduled Income: $167,208
Operating Expense: $52,532
Net Operating Income: $114,376
Annual Operating Expenses
Electric: $0
Gardener: $1,020
Fuel: $0
Insurance: $9,600
Maintenance: $3,600
New Taxes: $21,360
Pest Control: $564
Professional Management: $7,388
Trash: $3,500
Water / Sewer: $5,500
Interior
Cooling: None
Heating: Floor Furnace
Fireplace: None
Laundry: None
Entry Location: Frist Floor
Exterior
Property Attached: No
Stories Total: 2
Levels: Two
Common Walls: No Common Walls
Lot Features: Walkstreet
Pool: None
Spa: None
Water Source: Public
Sewer: Public Sewer
Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
View: Neighborhood
Road Surface Type: Paved
Garage and Parking
Parking: Garage
Garage Spaces: 2
Uncovered Spaces: 2
Parking Total: 4
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7278022021
Additional Parcels: No
Tax Lot: 23
Tax Tract #: 575901
Zoning: LBPD30
Tax Block: 137
Subdivision: Downtown (DT)
Tax Tract: 575901
Community
Senior Community: No
Community Features: Street Lights, Sidewalks, Urban
Nearby Schools
Nearby schools around the 617 West 3rd Street, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,420,000
Total Interest
$1,811,132
Total Payment
$3,231,132
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$10,974
per month
Property History for 617 West 3rd Street
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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