555 E 3rd St Long Beach, CA 90802
East Village NeighborhoodEstimated payment $6,646/month
Highlights
- 0.09 Acre Lot
- Modern Architecture
- Sliding Doors
- Long Beach Polytechnic High School Rated A
- No Interior Steps
- Turnkey
About This Home
555 E. 3rd St – Creative Office / Live-Work Opportunity in Downtown Long Beach Exceptional opportunity to own a fully renovated creative office property in the heart of Downtown Long Beach. The building is currently configured as two separate office suites, offering flexibility for an owner-user to occupy one space while leasing the other for additional income. Each suite is thoughtfully designed and includes its own bathroom with shower and kitchenette, making the spaces highly functional for both office and potential live-work use. The property features high ceilings, an industrial aesthetic, and modern finishes, creating an ideal environment for creative, professional, or boutique office users. The layout allows for multiple use scenarios, making it highly adaptable to a variety of business needs. This property is especially attractive for owner-user buyers utilizing SBA financing, which may allow for low down payment options. A buyer can occupy one suite while leasing the second space to help offset ownership costs. Buyer to verify financing terms with their lender. Located at the prominent corner of 3rd Street and Atlantic Avenue, directly across from City Center, the property benefits from strong visibility, nearby parking options, and immediate access to restaurants, retail, and downtown amenities. Zoned LBPD-30 (Downtown Planned Development District), the property offers additional flexibility as the city may allow for a commercial/residential mixed-use or live-work configuration. Buyer to verify with the City of Long Beach regarding permitted uses and any potential conversion. This is a rare opportunity to acquire a versatile, move-in ready asset in one of Long Beach’s most dynamic and walkable locations.
Listing Agent
Sage Real Estate Group, Inc. Brokerage Phone: 562-307-0838 License #01417642 Listed on: 04/16/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1957
Lot Details
- 3,894 Sq Ft Lot
- No Common Walls
- Wood Fence
- Density is up to 1 Unit/Acre
Home Design
- Duplex
- Modern Architecture
- Entry on the 1st floor
- Turnkey
Interior Spaces
- 1,926 Sq Ft Home
- 1-Story Property
- Sliding Doors
- Vinyl Flooring
- Microwave
Bedrooms and Bathrooms
- 2 Bedrooms
- 2 Bathrooms
Parking
- Parking Available
- Driveway
Additional Features
- No Interior Steps
- Exterior Lighting
- Natural Gas Connected
Listing and Financial Details
- Tax Lot 26
- Tax Tract Number 5762
- Assessor Parcel Number 7281011026
- $1,762 per year additional tax assessments
Community Details
Overview
- 2 Units
- Downtown Subdivision
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $1,600
- Fuel Expense $600
- Insurance Expense $4,000
- Trash Expense $600
- Water Sewer Expense $1,200
- New Taxes Expense $12,188
- Operating Expense $20,188
- Gross Income $39,812
- Net Operating Income $39,812
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $17,291 | $1,223,571 | $310,933 | $912,638 |
| 2024 | $16,547 | $1,199,581 | $304,837 | $894,744 |
| 2023 | $16,242 | $1,176,060 | $298,860 | $877,200 |
| 2022 | $15,259 | $1,153,000 | $293,000 | $860,000 |
| 2021 | $3,844 | $212,728 | $128,090 | $84,638 |
| 2020 | $3,810 | $210,548 | $126,777 | $83,771 |
| 2019 | $3,752 | $206,421 | $124,292 | $82,129 |
| 2018 | $3,572 | $202,374 | $121,855 | $80,519 |
| 2016 | $3,291 | $194,518 | $117,124 | $77,394 |
| 2015 | $3,172 | $191,597 | $115,365 | $76,232 |
| 2014 | $3,136 | $187,845 | $113,106 | $74,739 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 04/16/2026 04/16/26 | For Sale | $975,000 | -15.4% | $506 / Sq Ft | |
| 12/23/2021 12/23/21 | Sold | $1,153,000 | +4.8% | $599 / Sq Ft | View Prior Sale |
| 09/15/2021 09/15/21 | Pending | -- | -- | -- | |
| 08/11/2021 08/11/21 | For Sale | $1,100,000 | 0.0% | $571 / Sq Ft | |
| 08/09/2021 08/09/21 | Pending | -- | -- | -- | |
| 07/28/2021 07/28/21 | For Sale | $1,100,000 | -- | $571 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Interfamily Deed Transfer | -- | Stewart Title | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $122,000 | Commercial |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26081435
APN: 7281-011-026
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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. 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
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