#PW24229677, Kevin King, Listing Office: Marcus & Millichap
#OC25093913·
Listing office: Mike Marcu, Broker·
Listing agent: Mike Marcu·
Listing office phone: 949 688 1224
$5,950,000 List price
515 W 3rd St Long Beach, CA 90802
0.1 acres
Condo
Property details
About 515 W 3rd St
La Pasada is a 29-unit apartment community located at 515 West 3rd Street in Long Beach. This prime location is directly across the street from the Governor George Deukmejian Courthouse, and a public transportation bus stop is conveniently situated in front of the building. Originally a hotel, the property has been operating as an apartment building for over 20 years but retains the benefit of a grandfathered hotel zoning should an investor wise to operate it with short term rentals. The seller is offering a 70% first note and trust deed with a 5% interest rate, featuring interest-only payments for the duration of the loan. The property boasts new sewer lines, plumbing (both on the first and second floors), an updated electrical system, roof, and windows. The entire first floor has been rebuilt from the studs out, and all units are equipped with central HVAC. The second floor has undergone a complete bathroom remodel, and the interiors have been upgraded throughout. Additionally, the third floor features two common area bathrooms and 11 single room occupancy units, all of which are in good condition
Highlights
Home typeCondominium
StatusActive
Lot size0.1399 Acres
Year built1928
MLS #OC25093913
Summary
- Private Pool: No
- Parking: None
- List Price: $5,950,000
- HOA Amount: $0
- Annual Tax Amount: $26,262
- Tax Year: 2024
- Directions: 3rd Street and Magnolia
- Year Built: 1928
- Stories: 3
- Lot Size: 0.1399 Acres
- MLS Number: OC25093913
- MLS Name: CRMLS
- Office Name: Mike Marcu, Broker
- Office Phone: (949) 688-1224
- Listing Agent: Mike Marcu
Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/1/2025, 11:20:43 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,950,000
515 W 3rd St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Aug 11, 2005 | Home Sold | $1,350,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,808,699 | $26,262 |
| 2023 | $1,773,236 | $25,762 |
| 2022 | $1,738,468 | $24,231 |
| 2021 | $1,704,381 | $23,498 |
| 2020 | $1,686,906 | $23,126 |
| 2019 | $1,653,830 | $22,553 |
| 2018 | $1,621,403 | $22,293 |
| 2017 | $1,589,612 | $22,293 |
History based on county public records data.
Nearby schools
3
Chavez Elementary School
Public District KG-5
0.2 mi
•730 W 3rd St
6
Edison Elementary School
Public District KG-5
0.3 mi
•625 Maine Ave
5
Oropeza Elementary School
Public District KG-5
0.6 mi
•700 Locust Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $39,650. The most common annual income of people living in Long Beach, CA is less than $<35k. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.
How much money do the neighbors make?
45%
<35k
42%
35k-100k
9%
100k-200k
4%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
20%
Single, with Kids
7%
Married, No Kids
16%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
8%
12-17 yrs old
35%
18-34 yrs old
36%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Tennis
Where do the neighbors shop?
Banana Republic
H&M
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
BMW
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 515 W 3rd St
The listing price of 515 W 3rd St property is $5,950,000.
The property 515 W 3rd St is a condo located in Long Beach, California, 90802.
Active Listing: 515 W 3rd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 515 W 3rd St are: Chavez Elementary School (GreatSchools Rating 3/10), Edison Elementary School (GreatSchools Rating 6/10), Oropeza Elementary School (GreatSchools Rating 5/10), Washington Middle School (GreatSchools Rating 3/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Renaissance High School for the Arts (GreatSchools Rating 5/10), Intellectual Virtues Academy (GreatSchools Rating 5/10), Educational Partnership High School (GreatSchools Rating 2/10).
According to the records, the last property tax for 2024 is $26,262 (source: MLS/based on county public records data).
The last sale was on August 11, 2005 for $1,350,000 (source: MLS/tax record).
The property at 515 W 3rd St has 0 bathroom.
The year of construction for 515 W 3rd St is 1928.
This home is located at 515 W 3rd St in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since April 29, 2025 and is currently priced at $5,950,000.
In May 2025, from all listings sold in Long Beach, CA there were more than 67 sold above asking price, over 61 sold below and more than 34 were sold right at the asked price. Between April and May 2025, Long Beach, CA real estate market has seen increase in the number of listings by 2.4%. The median list price of listings available in May 2025 was $830,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.