Listed by Melinda Elmer, Century 21 Masters, (562) 316-2915
$1,650,000
Original price: $1,699,999
9 Beds
9 Baths
7,190 sqft
617 W 3rd St, Long Beach, CA 90802
Est. Mortgage $10,181/mo*
Get Pre-QualifiedHome Highlights
Property Type
Multi-Family
Year Built
1921
Price/Sqft
$229
Parking
Garage
Local Information
- Map ViewExplore the area around 617 W 3rd St.
- Schools1 Elementary School1 Middle School1 High School
- Shop & Eat
-- mins to
About this House
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 7.33% cap rate, offering stable in-place income with additional upside potential.
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 7.33% cap rate, offering stable in-place income with additional upside potential.
Home Details for 617 W 3rd St
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Beds & Baths Number of Bedrooms: 9Number of Bathrooms: 9 |
Appliances & Utilities Utilities: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Phone Available, Phone Connected, Sewer Available, Sewer Connected, Water Available, Water ConnectedLaundry: None |
Heating & Cooling Heating: Floor FurnaceNo CoolingAir Conditioning: NoneHas HeatingHeating Fuel: Floor Furnace |
Fireplace & Spa Fireplace: NoneSpa: NoneNo FireplaceNo Spa |
Windows, Doors, Floors & Walls Common Walls: No Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: frist floor |
View Has a ViewView: Neighborhood |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 2Number of Covered Spaces: 2Open Parking Spaces: 2Has a GarageNo Attached GarageParking Spaces: 4Parking: Garage |
Pool Pool: None |
Frontage Road Surface Type: PavedNot on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 139Days on Market: 146 |
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Year Built Year Built: 1921 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Mixed Use |
Building Not a New ConstructionNot Attached PropertyNo Additional Parcels |
Property Information Parcel Number: 7278022021 |
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Price List Price: $1,650,000Price Per Sqft: $229 |
Status Change & Dates Off Market Date: Tue May 05 2026 |
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MLS Status: Active |
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Direction & Address City: Long BeachCommunity: Downtown (Dt) |
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Listing Agent Listing ID: PW26065075 |
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Building Area Building Area: 7190 Square Feet |
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Community Features: Street Lights, Sidewalks, UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 7508 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash to Existing Loan |
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Expense Tenant Pays: Cable TV, Electricity, Gas, Telephone |
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No Rent Control |
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Mls Number: PW26065075Living Area Range Units: Square FeetAttribution Contact: 562-316-2915Back On Market Date: Tue May 19 2026Common Interest: NoneUniversal Property Id: US-06037-N-7278022021-R-N |
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Street LightsSidewalksUrbanSource Internet Entire Listing Display |
Around this home
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Downtown
At least 253 Trulia users voted on each feature.
94 % Say it's dog friendly
93 % Say there are sidewalks
90 % Say it's walkable to restaurants
83 % Say it's walkable to grocery stores
75 % Say streets are well-lit
59 % Say people would walk alone at night
54 % Say car is needed
53 % Say there's holiday spirit
49 % Say neighbors are friendly
43 % Say they plan to stay for at least 5 years
35 % Say there are community events
32 % Say yards are well-kept
31 % Say parking is easy
29 % Say there's wildlife
28 % Say it's quiet
27 % Say kids play outside
Sourced by Trulia users. Learn more about our methodology.
Market trends in Long Beach
Last updated July 2026
Avg. sale price
$818K
$12.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$646
$17MoM
Available listings
797
3MoM
Home Value
Learn more about this home's value by checking out the value of nearby homes and how much similar homes have sold for.
Comparable sales
These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.65 | Multi-Family Home | $1,650,000 | 06/30/26 | 9 | 9 | 7,131 | |
0.41 | Multi-Family Home | $2,590,000 | 10/03/25 | 14 | 10 | 8,945 | |
0.47 | Multi-Family Home | $1,400,000 | 02/26/26 | 8 | 4 | 5,308 | |
0.29 | Multi-Family Home | $1,346,000 | 03/25/26 | 6 | 5 | 2,765 | |
0.23 | Multi-Family Home | $2,010,000 | 06/15/26 | 14 | 12 | 6,366 | |
0.63 | Multi-Family Home | $1,330,000 | 07/27/26 | 11 | 6 | 4,860 | |
0.10 | Multi-Family Home | $4,695,000 | 08/13/26 | 7 | 25 | 14,055 | |
0.63 | Multi-Family Home | $1,425,000 | 03/13/26 | 8 | 6 | 3,616 | |
0.57 | Multi-Family Home | $2,705,000 | 09/01/26 | 13 | 13 | 7,836 |
Nearby home prices
Get a sense of expected prices in the area by checking the value of nearby homes.Address | Distance | Price | Bed | Bath | Sqft | Status |
|---|---|---|---|---|---|---|
0.05 | $384,600 | 1 | 1 | 833 | Off Market | |
0.03 | $322,000 | 1 | 1 | 452 | For Sale | |
0.03 | $339,000 | 1 | 1 | 620 | For Sale | |
0.03 | $327,700 | Studio | 1 | 424 | Off Market | |
0.03 | $298,800 | Studio | 1 | 420 | Off Market | |
0.03 | $299,999 | 1 | 1 | 493 | Recently Sold | |
0.03 | $275,000 | Studio | 1 | 420 | Recently Sold | |
0.03 | $312,400 | Studio | 1 | 429 | Off Market | |
0.03 | $273,800 | Studio | 1 | 424 | Off Market | |
0.03 | $317,900 | 1 | 1 | 429 | Off Market | |
0.03 | $393,700 | 1 | 1 | 500 | Off Market | |
0.07 | $185,000 | Studio | 1 | 340 | Recently Sold |
Price and Tax history
| Date | Event | Price |
|---|---|---|
Jul 18, 2026 Source: CRMLS #PW26065075 | PriceChange | $1,650,000 Price decreased by 3% |
Jun 19, 2026 Source: CRMLS #PW26065075 | PriceChange | $1,699,999 Price decreased by 4% |
May 27, 2026 Source: CRMLS #PW26065075 | PriceChange | $1,775,000 Price decreased by 4% |
May 19, 2026 Source: CRMLS #PW26065075 | PendingToActive | $1,849,000 |
May 5, 2026 Source: CRMLS #PW26065075 | Pending | $1,849,000 |
Apr 24, 2026 Source: CRMLS #PW26065075 | PriceChange | $1,849,000 Price decreased by 3% |
Mar 27, 2026 Source: CRMLS #PW26065075 | Listed For Sale | $1,899,000 |
Feb 12, 2026 Source: N/A | Sold | $1,365,000 |
Jun 26, 2025 Source: Zillow Rentals | ListingRemoved | $1,495 |
Jun 23, 2025 Source: Zillow Rentals | PriceChange | $1,495 Price decreased by 6% |
Jun 16, 2025 Source: Zillow Rentals | PriceChange | $1,595 Price decreased by 6% |
Mar 24, 2025 Source: Zillow Rentals | Listed For Rent | $1,695 |
May 5, 2023 Source: Zillow Rentals | ListingRemoved | |
May 1, 2023 Source: Zillow Rentals | Listed For Rent | $1,695 |
| Year | Property tax | Tax assessment |
|---|---|---|
| 2026 | Unavailable | $123,673 |
Home facts updated by county records
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Melinda Elmer, Century 21 Masters
Agent Phone: (562) 316-2915
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-02 11:58:45 PDT and /or other sources. 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-02 11:58:45 PDT and /or other sources. 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
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Frequently asked questions about 617 W 3rd St
- What is the estimated monthly payment for 617 W 3rd St?Based on a $1,650,000 list price with 20% down at today's rates, the estimated monthly payment for 617 W 3rd St in Long Beach, CA is approximately $10,415 (about $8,717 principal & interest, $1,623 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
- How does the list price for 617 W 3rd St compare to homes in Long Beach?617 W 3rd St in Long Beach, CA is listed at $1,650,000, about 102% above the $818K median sale price in Long Beach.
- What do residents say about the Downtown neighborhood?Residents describe the Downtown neighborhood in Long Beach, CA as dog-friendly, pedestrian-friendly, and walkable to restaurants. See homes for sale in Downtown, Long Beach.
- What are the closest schools to 617 W 3rd St?The closest schools to 617 W 3rd St in Long Beach, CA are Cabrillo High School (rated 3/10), Chavez Elementary School (rated 6/10), Washington Middle School (rated 4/10).