ActiveResidential · sale

315 W 3rd Street 203

Long Beach, CA 90802

$279,999

  • 1 beds
  • 1 baths
  • 475 sq ft
  • 0.52 acres
  • Built 1925

Listed by Jason Mitchell Real Estate Ca · MLS #26987899

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315 W 3rd Street 203, Long Beach, CA 90802 · MLS #26987899

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A FEW THINGS TO NOTICE

What stands out.

Year built

Built in 1925.

Property size

0.52 acres listed.

Highlights from the listing description and property details. Confirm features with the listing agent.

THE PROPERTY

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***VA APPROVED*** Welcome to The Willmore at 315 W. 3rd Street, where the elegance, optimism and architectural romance of the Hollywood Twenties still live in the heart of vibrant Downtown Long Beach. The Willmore is more than a residenceit is a piece of Long Beach history. Conceived during the city's remarkable growth in the 1920s, the building was originally known as The Stillwell and was designed as an upscale apartment hotel. Its architects, Fisher, Lake & Traver, were also responsible for the legendary Hollywood Roosevelt Hotel. Designed in the Italian Renaissance Revival tradition with Beaux-Arts influences, the Willmore represented one of the high points of luxury high-rise apartment design in 1920s Long Beach. It was ultimately recognized for that architectural significance when it was placed on the National Register of Historic Places in 1999. The main lobby is a throwback to the 1920s, when Long Beach was emerging as one of Southern California's glamorous seaside destinations and buildings like the Willmore represented a new era of sophisticated urban living. Enter beneath its graceful arches and step into a grand vintage lobby where soaring ceilings, period detailing and old-world craftsmanship immediately transport you to another era. And the experience continues above the city. Head to the 11th-floor Solarium, framed by distinctive arched windows and offering panoramic views across Downtown Long Beach and beyond. Step outside to the spectacular rooftop terrace, an exceptional setting to relax above the city, enjoy the coastal air, entertain friends, or simply watch the skyline transform as evening settles over Long Beach. Outside the Willmore's historic walls is the energy of Downtown Long Beach. Fine dining, nightlife, cafs and cultural attractions are close at hand, along with the Aquarium of the Pacific, Shoreline Village, the waterfront and Terrace Theater, home to performances by the Long Beach Symphony. It is an opportunity to enjoy the character of a landmark building while remaining connected to one of Southern California's most dynamic coastal downtowns. Adding to the convenience, HOA dues include water, gas and electricity, an increasingly valuable benefit. Secured parking is available nearby at 364 W. Roble Way, at 3rd Street and Chestnut Avenue on the same block as the Willmore. Classic architecture , Coastal city living & a Nearly century of Long Beach history at your residence. At the Willmore, you aren't simply living in Downtown Long Beach, you are becoming part of one of its most distinctive architectural stories

THE NEIGHBORHOOD

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315 W 3rd Street 203, Long Beach, CA 90802

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THE DETAILS

The details, all in one place.

Property type
Residential
Category
Residential
Year built
1925
Full baths
1
Half baths
0
Cooling
None
Flooring
Laminate
Pool
No
Pool features
None
Spa
No
Zoning
LBR4N
Parcel
7280014089
HOA fee frequency
Monthly
HOA fee
$439.00

Features and school information are supplied by the listing source. Confirm measurements, school assignments, HOA terms and rental restrictions before making a decision.

OWNERSHIP, WITH A PLAN

Investor outlook.

Explore this property’s rental potential with an all-cash purchase. Monthly rent starts at 5% of the purchase price per year, divided by 12. Adjust it and the other assumptions to explore your scenario.

These are planning assumptions, not a rental appraisal or a loan quote. The starting rent is a price-based estimate; a local leasing professional can help confirm market rent.

Investor outlook assumes an all-cash purchase. No mortgage payment is deducted.

Estimated monthly cash flow · cash purchase
Estimated monthly rent$1,166.66
Cap rate

Annual operating income:

HOA: Includes $439.00 per month in HOA dues, converted from the $439.00 monthly fee reported by the listing source.

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Purchase price
Rental income & operating costs

Purchase price × 5% ÷ 12. Updates with purchase price until you enter a custom rent.

Annual insurance starts at purchase price × 0.25%, rounded to the nearest available amount. Updates with purchase price until you choose another amount.A planning estimate, not an insurance quote. Adjust it for your property and coverage.

Percentages are editable examples, not ERA fee quotes. Management is applied to rent after vacancy; maintenance and capital reserves use scheduled rent. Add owner-paid utilities, mortgage insurance and other recurring expenses under other costs.

How this scenario is calculated

Annual operating income is rent after vacancy, management, maintenance, taxes, insurance, HOA and other operating costs, before financing and capital reserves. Cap rate divides annual operating income by purchase price. Estimated monthly cash flow assumes an all-cash purchase: rent after vacancy, management, maintenance, taxes, insurance, HOA, other operating costs and capital reserves. No mortgage payment is deducted. The mortgage calculator is separate; loan payments would reduce cash flow for a financed purchase. One-time acquisition costs, renovations, income taxes, depreciation and appreciation are excluded.

Mortgage payment calculator

Explore financing separately. These loan settings do not change the all-cash investor outlook.

Mortgage assumptions

20% down and 7% interest are illustrative starting values.

Estimated monthly principal & interestLoan payment only. Excludes property taxes, homeowners/flood insurance, mortgage insurance and HOA dues.

About this payment estimate

Based on a fixed-rate, fully amortizing loan with monthly payments and the price, down payment, interest rate and term you select. The interest rate is an example, not a current rate offer or APR; APR includes certain loan costs. This is an illustration, not a Loan Estimate, approval, offer of credit or commitment to lend.

Your actual payment, rate and eligibility depend on your lender, credit, loan program and property. Closing costs, points, prepaid expenses and lender fees are not included. Taxes and insurance may change, and mortgage insurance may be required, particularly with a down payment below 20%. Ask your lender for a Loan Estimate and a complete monthly payment including applicable taxes, insurance and fees.

Dollar results are rounded to the nearest cent; calculations retain precision until display. A cash purchase has no loan payment but still has ownership costs. Understand your total home payment (CFPB).

ERA PROPERTY MANAGEMENT

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  1. Understand the opportunity.

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  2. Make a strong first impression.

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  3. Stay connected to your investment.

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Stone-front home with a landscaped lawn and central entry
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Listing information

MLS #26987899 · California Regional MLS

Listing brokerage: Jason Mitchell Real Estate Ca
Listing agent: Cesar Melendrez

Listing status: Active. Record updated . Confirm current availability and price with the listing agent.

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 © 2023 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. Information deemed reliable but not guaranteed. Copyright © 2023 California Regional Multiple Listing Service, Inc. All rights reserved.