Average square foot calculated using Size range provided by listing agent.
Description
Exciting Investment Opportunity in Downtown Long Beach – Prime PD-30 Zoning, 7, 500 sf lot! Welcome to 545 W 3rd St, a rare and versatile multi-family property offering tremendous potential for redevelopment in one of Long Beach’s most desirable areas. Situated on a prime lot with coveted PD-30 zoning, this property may offer the potential for up to 40 units (buyer to verify with the city). The current configuration includes four spacious 3-bedroom, 2-bath units, providing solid rental income while you explore development options. Each unit is well-sized, offering comfortable layouts and potential for renovations or upgrades. Rare gated parking with 10 parking spaces. Location is everything, and this property is just steps away from the Gov. George Deukmejian Courthouse, shops, restaurants, and public transit. Whether you're walking to local coffee shops, dining out, or commuting, convenience is at your tenant's doorstep. Don’t miss this incredible opportunity to own a property with strong income potential and significant upside in one of Southern California’s fastest-growing markets.Show Description
MLS® NumberPW25122555
Laundry LevelLaundry Closet
Central VacNo
FireplaceNo
Acreage0.1722
Exterior
GarageNo
Approx. Age1911
Basement
DrivewayGated, Private, Unassigned
Garage Spaces
Heat
A/C
Heating Fuel
Extras
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