Listed by Melinda Elmer, Century 21 Masters, (800) 463-0977
617 W 3rd St
Long Beach, CA 90802
Downtown- 9 Beds
- 9 Baths
- 7,190 sqft
9 Beds
9 Baths
7,190 sqft
Local Information
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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 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.
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.
Home Highlights
Parking
Garage
Outdoor
No Info
A/C
Heating only
HOA
None
Price/Sqft
$247
Listed
50 days ago
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: 48Days on Market: 50 |
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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: $1,775,000Price Per Sqft: $247 |
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 |
Last check for updates: about 2 hours ago
Listing Provided by: Melinda Elmer DRE #01399946, (562) 316-2915
Century 21 Masters
James Kelsey DRE #01354722
Century 21 Masters
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW26065075

Also Listed on CRMLS.
Price History for 617 W 3rd St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/27/2026 | $1,775,000 | PriceChange | CRMLS #PW26065075 |
| 05/19/2026 | $1,849,000 | PendingToActive | CRMLS #PW26065075 |
| 05/05/2026 | $1,849,000 | Pending | CRMLS #PW26065075 |
| 04/24/2026 | $1,849,000 | PriceChange | CRMLS #PW26065075 |
| 03/27/2026 | $1,899,000 | Listed For Sale | CRMLS #PW26065075 |
| 02/12/2026 | $1,365,000 | Sold | N/A |
| 06/26/2025 | $1,495 | ListingRemoved | Zillow Rentals |
| 06/23/2025 | $1,495 | PriceChange | Zillow Rentals |
| 06/16/2025 | $1,595 | PriceChange | Zillow Rentals |
| 03/24/2025 | $1,695 | Listed For Rent | Zillow Rentals |
| 05/05/2023 | ListingRemoved | Zillow Rentals | |
| 05/01/2023 | $1,695 | Listed For Rent | Zillow Rentals |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $4,792 |
| Assessment | $121,268 |
Home facts updated by county records
Comparable Sales for 617 W 3rd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
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 | |
0.63 | Multi-Family Home | $1,425,000 | 03/13/26 | 8 | 6 | 3,616 | |
0.77 | Multi-Family Home | $2,135,000 | 06/10/25 | 10 | 10 | 7,942 | |
0.49 | Multi-Family Home | $1,625,000 | 05/28/26 | 7 | 5 | 3,577 | |
0.69 | Multi-Family Home | $1,890,000 | 05/13/26 | 14 | 9 | 6,395 | |
0.10 | Multi-Family Home | $3,949,753 | 07/29/25 | 26 | 24 | 10,150 | |
0.85 | Multi-Family Home | $1,850,000 | 12/22/25 | 11 | 11 | 6,087 |
Nearby homes
Get a sense of prices in the area by checking nearby homes.Assigned Schools
These are the assigned schools for 617 W 3rd St.
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
28 % Say kids play outside
Sourced by Trulia users. Learn more about our methodology.
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 2026-02-09 09:51:42 PST 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 2026-02-09 09:51:42 PST 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

