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$975,000
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Property Description
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.
Full Property Details
Full Property Details for 555 E 3rd
General
- Price: $975,000
- Status: Active
- Type: Multi-Family
- Source: MRMLS
- MLS ID: PW26081435
- Updated: 4/17/2026
- Days on Market: 10 days
- Added to Site: 10 day(s) ago
Interior
- Rooms/Areas: All Bedrooms Down
- Fireplace(s): None
- Appliances: Microwave, Refrigerator
- Flooring: Vinyl
Rooms
Other Rooms
- Laundry: None
Additional Information
- Pool Description: None
- Spa Description: None
Parking
- Parking Features: Driveway
- Parking: Driveway
Location
- Area: 4 - Downtown Area, Alamitos Beach
- County: Los Angeles
- Development Name: 4 - Downtown Area, Alamitos Beach
- Driving Directions: Atlantic and 3rd St.
Utilities
- Sewer: Public Sewer
- Water: Public
- # Water Meters: 1
- # Gas Meters: 1
- # Electric Meters: 1
Structural Information
- Architectural Style: Modern
- Doors: Sliding Doors
- Entry Location: 1
- Square Feet: 1,926
- Year Built: 1957
Unit Information
Unit 1
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Number of Units: 1
- Total Bathrooms: 1
- Bedrooms: 1
Lot Features
- Lot Size (Acres): 0.0894
- Lot Size (Sq. Ft.): 3,894
- Lot Size Source: Assessor
- Lot Description: 0-1 Unit/Acre
Green Features
- Walk Score: 98
Financial Considerations
- Price Per Sq. Ft.: $506.23
- Price Per Unit: 487500
Listed by Sage Real Estate Group, Inc., Juan Huizar
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Price & Sales History for 555 E 3rd
Date
Details
Price
Change
Source
4/16/2026
Listed
$975,000
-15.44%
MLS
9/23/2021
Sold
$1,153,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 555 E 3rd
Year
Property Taxes
Change
Tax Assessment
Change
2025
$17,291
6%
$1,223,571
4%
2023
$16,242
6%
$1,176,060
2%
2022
$15,259
297%
$1,153,000
442%
2021
$3,844
1%
$212,728
1%
2020
$3,810
2%
$210,548
2%
2019
$3,752
5%
$206,421
2%
2018
$3,572
2%
$202,374
2%
2017
$3,514
7%
$198,407
2%
2016
$3,291
4%
$194,518
2%
2015
$3,172
1%
$191,597
2%
2014
$3,136
3%
$187,845
—
2013
$3,054
—
$186,997
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 555 E 3rd
555 E 3rd, Long Beach, CA 90802 (MLS# PW26081435) is a Multi-Family property with 2 units containing 0 bedrooms and 0 full bathrooms. 555 E 3rd is currently listed for $975,000 and was received on April 16, 2026. Want to learn more about 555 E 3rd? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.

