315 W 3rd, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 1 bath
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315 W 3rd
Long Beach, California 90802
ACTIVE
CONDITION: EXCELLENT
0Beds
1Baths
234Sq Ft
22,493Lot Size
Property Price
LIST PRICE$219,000
EST. MARKET VALUE
$231,173
5% BelowMARKET VALUE
SUMMARY
This studio at the iconic Willmore Building represents a Strong Value Opportunity, listed at $219,000—positioned well below the $231,173 Fair Market Value by 5%. This valuation gap offers $12,173 in Instant Equity. With a Mint Condition Rating following a comprehensive renovation, this unit features a contemporary kitchenette and designer bath. Located in vibrant downtown Long Beach, it offers an effortless commute and proximity to cultural landmarks. This is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a turnkey urban residence.
Estimated Market Value
$231,173+$12,173 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Long Beach.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 W 3rd Subject | $219,000* List Price | 0 | 1 | 234 | $988 | - |
A 315 W 3rd Sold | $218,000 | 0 | 1 | 234 | $932 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Excellent
TeardownExcellent
Property is new construction or fully renovated.
Although the building dates to 1925, the unit has undergone a comprehensive modern renovation within the last 5 years. It features updated flooring, a contemporary kitchenette, and a fully remodeled bathroom with a new vanity, vessel sink, and designer tile, putting it in mint, move-in-ready condition.
About 315 W 3rd
Unit 5A, Step into the spirit of the Roaring Twenties at the iconic Willmore Building—just moments from scenic beach strolls. This rare studio offers an exceptional investment opportunity. Perfect for modern urban living. Enjoy being at the center of it all in vibrant downtown Long Beach—near fine dining, nightlife, and cultural attractions including the Aquarium of the Pacific, Shoreline Village, and performances by the Long Beach Symphony at the Terrace Theater. Convenient access to the 710 and 405 freeways, as well as nearby rail and bus lines, makes commuting effortless. Classic charm. Contemporary updates. Prime coastal location. HOA includes: Water, gas, and electricity. Secured Parking is available.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 1925
- Lot Size
- 22,493 Sq. Ft.
Interior
- Total Bedrooms
- 0
- Total Bathrooms
- 1 (1 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $200.48 / Month
Neighborhood Insights
Long Beach Unified Schools
Chavez Elementary School
Grades K-5 • 0.7 mi
6/10
Washington Middle School
Grades 6-8 • 1.0 mi
6/10
Cabrillo High School
Grades 9-12 • 1.9 mi
3/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 0.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 234 | 924.282 |
| Lot Size | 22,493 | 30,288.04 |
| Price | $219.0K | $521.1K |
| Price per sq ft | $936 | $569 |
| Built year | 1925 | 1976 |
| HOA | $200.48 | $460 |
| Days on market | 25 | 74 |
Pricing History
Listed for Sale
Aug 15, 2026
$219,000
Initial Listing
Sold
Jan 8, 2019
$169,000
Public Record
Sold
Feb 19, 2015
$119,500
Public Record
Sold
Oct 25, 2012
$56,000
Public Record
Sold
Nov 19, 1999
$10,000
Public Record