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$5,600,000
OC26123229 MLS
Seller Financing Available – 75% LTV at 4% Interest, Interest-Only Payments for Up to 5 years. La Pasada, a 29-unit apartment building located at 515 W. 3rd Street in the heart of Downtown Long Beach. The property consists of 11 SRO units, 14 studios, and 4 one-bedroom apartments, serving the area's growing demand for affordable workforce housing. Originally constructed as a hotel, La Pasada has operated as apartments for more than two decades while retaining its grandfathered hotel zoning. This rare designation provides ownership with the flexibility to continue operating as apartments or explore future short-term lodging opportunities. The building has undergone substantial capital improvements, including renovated unit interiors, central HVAC throughout all 29 units, a remodeled second-floor community bathroom, updated building systems, and an on-site laundry facility. Additional improvements include a newer roof, upgraded electrical infrastructure, replacement windows, and sewer line improvements. Located within walking distance of the waterfront, La Pasada benefits from proximity to Aquarium of the Pacific, Long Beach Convention Center, Shoreline Village, and Cesar E. Chavez Park. The property also enjoys convenient access to the 710 Freeway, Pacific Coast Highway, public transportation, and the ongoing redevelopment of Downtown Long Beach. With below-market financing, a strategic downtown location, flexible zoning, and upside through stabilization of occupancy, La Pasada represents a compelling investment opportunity in one of Southern California's most dynamic urban markets. Investment Highlights Seller financing: 75% LTV at 4% interest, interest-only payments for up to 5 years 29-unit workforce housing asset (11 SROs, 14 studios, 4 one-bedrooms) Grandfathered hotel zoning provides operational flexibility Significant recent capital improvements completed Central HVAC in first floor units Opportunity to increase income through lease-up and operational stabilization Walkable Downtown Long Beach location near major employment, entertainment, and waterfront amenities Positioned to benefit from continued investment and redevelopment in Downtown Long Beach Current stabilized cash-on-cash return exceeds 7% with seller financing in place.

515 W 3rd, Long Beach
$2,300,000
IV25232720 MLS
1801 W Anaheim St, Long Beach, CA 90813 Fully Approved CANNABIS Cultivation Facility | 18' Clear Height to Allow for Triple Staking of Grow Racks | 1,200A Power Approval from Edison | LB-IG Zoning | Seller Financing Available Up to 50% LTV. Building Size: ±6,448 SF Lot Size: ±7,000 SF Zoning: LB-IG (General Industrial) Power: 1,200A / 480V 3-Phase Ceiling Height: 18' Clear Use: Cannabis Cultivation / Lab / Manufacturing Executive Summary Rare opportunity to own a freestanding, single-story industrial building in Long Beach’s premier Cannabis & Heavy Industrial Corridor. This 6,448 SF corner facility is fully entitled, fire-approved, and construction-ready for cannabis cultivation, manufacturing, or any high-power industrial use. The property features 18-foot clear height — ideal for triple-stack grow racks — and Southern California Edison-approved 1,200A / 480V 3-phase power. All city-approved architectural, mechanical, electrical, and plumbing plans and a final Fire Department sign-off are complete — saving 12–18 months of entitlement time. ?? Seller Financing Available — Owner is willing to carry the note with 50% down payment (50% LTV) for qualified buyers, offering flexible terms to expedite acquisition and development. Property Highlights Fully Approved Cannabis Facility – City of Long Beach permits & inspection cards issued 18' Clear Ceiling Height – Ideal for triple-stack cultivation or vertical grow expansion 1,200A / 480V 3-Phase Power – SC Edison approved and ready for activation Freestanding 6,448 SF Corner Building on ±7,000 SF lot with excellent access Full MEP Design Approved – HVAC, plumbing, CO2 system, and electrical engineering completed Fire Department Final Approved – Life safety, alarm, and sprinkler monitoring complete Zoning: LB-IG (General Industrial) – Cannabis cultivation, manufacturing, or biotech permitted Seller Financing Option – 50% LTV carryback available to qualified buyers Location & Market Advantages Located within Long Beach’s established cannabis production zone, minutes from the 710 & 405 freeways and Port of Long Beach. Surrounded by licensed operators and logistics users in a tight industrial market with limited supply and rising rents. Key Advantages: 18' clear ceiling height supporting triple-stack grow design 1,200A / 480V 3-Phase power installed and approved

1801 W Anaheim Street, Long Beach

Based on information from CRISNet MLS as of 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. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.