ActiveOwnYourOwn

723 E 3rd

Long Beach, CA, 90802

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$195,000

MLS: OC26081202

Beds

0

Baths

1

Sq Ft

400

Lot

0.17 ac

Year Built

1928

MLS #

OC26081202

Days on Market

7

Listed

Apr 15, 2026

Description

Excellent opportunity to own a space in the East Village Arts District in Long Beach just west of Alamitos/ Shoreline Drive. This location offers easy access to metro station, the beach, the convention center, Shoreline Village, the Pike, Aquarium and all the Coastal Entertainment of Downtown Long Beach. Easy walk to restaurants, coffee shops, wine bars, hardware store, and 4th Street Retro Row. LB City College (PCH Campus) is also a short distance away. This ground floor unit has a comfortable floorplan designed to make the most of the studio space. Good size kitchen still has the historic 1920's built in floor to ceiling cabinets. The glass door china cabinets are also still in place to serve the breakfast/ dining area which is currently set up as an office for remote work. The original quarter-sawn oak wood floors stand out especially with the natural light coming in from the large windows on the east side. * Eat in Kitchen with gas stove * Street Parking with paid parking options located in the area. *Water, Gas and Trash Utilities are paid for by the HOA *Just a block away from the CA Coastal Zone *Images are from when unit was vacant and were provided by seller

Location

Long Beach, Los Angeles County, CA 90802

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Listed by: Sergio Macias · Seven Gables Real Estate

Payment estimate

$1,655

/ month (est.)

Principal, interest, taxes, and insurance + PMI. Down payment: $19,500 · Loan: $175,500

%
Principal & Interest
$1,078
Property tax (1.25%)
$203
Homeowners insurance
$300
Mortgage insurance
$73
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Today's Rates

As of Apr 23, 2026

30-year fixed
6.23%
15-year fixed
5.58%

Source: Freddie Mac Primary Mortgage Market Survey (PMMS). Updated weekly.

Financing Options

FHA Financing — 3.5% Down

First-time and repeat buyers can purchase this Long Beach home with as little as 3.5% down using an FHA loan — roughly $6,825 down. FHA loans feature flexible credit guidelines and government-backed rates, making homeownership accessible for buyers who haven't saved a large down payment. Seller concessions up to 6% of the purchase price are also allowed.

Local Market Stats

See Long Beach, CA 90802 market trends →

Median sold price, days on market, active inventory, price brackets, and 12-month trends — pulled live from the MLS.

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