# 445 E 3rd, Long Beach, CA 90802

> **TL;DR:** 1bd/2ba commercial, $4,400,000, built 1922. Est. $23,532/mo. Listed 43 days.

## Property at a Glance

| Attribute | Value |
|-----------|-------|
| Price | $4,400,000 |
| Bedrooms | 1 |
| Bathrooms | 2 full |
| Year Built | 1922 |
| Lot Size | 5,005 sqft (0.11 acres) |
| Stories | 3 |
| Property Type | Commercial (Other) |
| Status | Active |
| Days on Market | 43 |

## Estimated Monthly Costs

| Category | Amount |
|----------|--------|
| Principal & Interest (20% down, 30-year at 6.5%) | $22,249 |
| Estimated Insurance | $1,283 |
| **Total** | **$23,532** |

## Property Highlights

- Built in 1922
- 0.11 acre lot
- 3 stories

## Description

### Agent Description
445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach's East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM-a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $41,075 of additional annual NOI, a 16% increase in cash flow at no change in basis.

## Location

- **Address:** 445 E 3rd, Long Beach, CA 90802
- **County:** Los Angeles
- **Neighborhood:** Other (OTHR)
- **Coordinates:** 33.770813, -118.18661
- **Google Maps:** https://www.google.com/maps?q=33.770813,-118.18661

## Listing Agent

- **Name:** Robert Stepp · **License:** 01456379
- **Brokerage:** Keller Williams Realty SELA
- **Phone:** 3104632916
- **Broker Phone:** (562) 334-1511
- **Listing URL:** [View original listing](https://listings.listhub.net/pages/MRMLSCA/PW26170001/?channel=propsimple)

## Photos

![445 E 3rd - Photo 1](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f757224944r.jpg)

![445 E 3rd - Photo 2](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f751697126r.jpg)

![445 E 3rd - Photo 3](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3905182347r.jpg)

![445 E 3rd - Photo 4](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2824998814r.jpg)

![445 E 3rd - Photo 5](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3329200513r.jpg)

![445 E 3rd - Photo 6](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3485822137r.jpg)

![445 E 3rd - Photo 7](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3294250983r.jpg)

![445 E 3rd - Photo 8](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2311895644r.jpg)

![445 E 3rd - Photo 9](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1026975975r.jpg)

![445 E 3rd - Photo 10](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f366480244r.jpg)

![445 E 3rd - Photo 11](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1625601078r.jpg)

![445 E 3rd - Photo 12](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2473311260r.jpg)

![445 E 3rd - Photo 13](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1986304084r.jpg)

![445 E 3rd - Photo 14](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2405590991r.jpg)

![445 E 3rd - Photo 15](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3656954619r.jpg)

![445 E 3rd - Photo 16](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f814590150r.jpg)

![445 E 3rd - Photo 17](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3511592766r.jpg)

![445 E 3rd - Photo 18](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f4208668390r.jpg)

![445 E 3rd - Photo 19](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3753954153r.jpg)

![445 E 3rd - Photo 20](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f900178455r.jpg)

![445 E 3rd - Photo 21](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2845061877r.jpg)

![445 E 3rd - Photo 22](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3388395168r.jpg)

![445 E 3rd - Photo 23](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1099203788r.jpg)

![445 E 3rd - Photo 24](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f4150247459r.jpg)

![445 E 3rd - Photo 25](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2184108651r.jpg)

![445 E 3rd - Photo 26](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f4106186790r.jpg)

![445 E 3rd - Photo 27](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f3297614089r.jpg)

![445 E 3rd - Photo 28](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1838455557r.jpg)

![445 E 3rd - Photo 29](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2949412440r.jpg)

![445 E 3rd - Photo 30](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1149942022r.jpg)

![445 E 3rd - Photo 31](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f4243241186r.jpg)

![445 E 3rd - Photo 32](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f211792230r.jpg)

![445 E 3rd - Photo 33](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2577188943r.jpg)

![445 E 3rd - Photo 34](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1998237643r.jpg)

![445 E 3rd - Photo 35](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f1965313334r.jpg)

![445 E 3rd - Photo 36](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f4027984781r.jpg)

![445 E 3rd - Photo 37](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f595376947r.jpg)

![445 E 3rd - Photo 38](http://lh.rdcpix.com/3c22b206fe015f1653946e96d92dc8adl-f2775446107r.jpg)

---

**MLS#:** PW26170001 | **Updated:** 2026-08-06
**Source:** listhub

*Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.*

[View on PropertySimple](https://www.propertysimple.ai/listing/445-e-3rd-long-beach-ca-90802-26170001)

---

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