315 W 3rd, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 1 bath
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Long Beach, California 90802
This historic studio in the iconic Wilmore Building represents a High-Potential Investment Opportunity, listed at $285,000—positioned well above the $234,595 Fair Market Value by -21%. While the unit requires modernization due to its Condition Rating of 5, it offers significant architectural character, panoramic city views, and a prime downtown location. The compact 456 sqft layout and parking waitlist necessitate a strategic approach. This asset is best suited for Buy-and-Hold Investors or urban-dwelling professionals seeking a historic project in a vibrant coastal market.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 315 W 3rd Subject | $279,900* List Price | 0 | 1 | 456 | $591 | - |
A 315 W 3rd Street 710 Active | $299,000 List Price | 0 | 1 | 457 | $654 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
While the unit has fresh interior paint and newer flooring, the kitchen and bathroom are original 'vintage' installations significantly exceeding the 30-year threshold. The kitchen features outdated cabinetry and an aged gas stove, and the bathroom retains century-old fixtures and radiator heating, indicating a need for a full rehab to modernize systems.
Situated in the iconic 1925 Wilmore Building, the property features unique vintage charm, a grand lobby, and a rooftop garden that provides a distinct character often missing in modern developments.
Positioned on the top floor with oversized windows, this unit offers sweeping panoramic views of Downtown Long Beach and the San Gabriel Mountains while ensuring maximum sunlight throughout the day.
Located in the heart of Downtown Long Beach, the property offers an exceptional coastal lifestyle with immediate access to the beach, Shoreline Village, and the vibrant dining scene on Pine Avenue.
The building currently has a 6-to-8-month waitlist for parking, necessitating the use of off-site hotel parking or street options, which can be a major drawback for vehicle owners.
With only 456 square feet of living space, the studio layout is quite compact, which may limit its appeal to a narrower demographic of buyers or those requiring more storage.
Welcome to the iconic Wilmore Building — one of Downtown Long Beach’s most recognizable historic buildings filled with vintage charm and architectural character. Located on the top floor, this light-filled studio offers sweeping views of Downtown Long Beach and the beautiful San Gabriel Mountains through oversized windows that bring in natural light all day. Inside, you’ll find tall ceilings, fresh interior paint, easy-care flooring, abundant cabinet storage, and a charming built-in dressing cabinet that enhances the home’s classic appeal. The vintage bathroom preserves the timeless character that makes properties in The Wilmore so special. Residents enjoy an elegant vintage lobby, a relaxing solarium, and a rooftop patio garden with incredible city views—perfect for enjoying coastal breezes and evening sunsets. Located in the heart of Downtown Long Beach, you’re just moments from the beach, shoreline bike paths, dining, shopping, coffee houses, nightlife, and entertainment. Enjoy close proximity to The Pike Outlets, Shoreline Village, and the vibrant restaurants and cafes along Pine Avenue. Easy access to public transportation and major freeways makes commuting convenient while allowing residents to enjoy an urban coastal lifestyle. A wonderful opportunity to own a piece of Long Beach history in one of the city’s most beloved historic buildings. Parking wait list is usually 6 to 8 months. Parking is available at some of the local hotels. Grant for buyers is available, call for details. Assoc dues cover most utilities.
No exterior & parking available.
Grades K-5 • 0.7 mi
Grades 6-8 • 1.0 mi
Grades 9-12 • 1.9 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 1.0 | 8% |
| Baths | 1.0 | 1.0 | 50% |
| Square foot | 456 | 853 | 4% |
| Lot Size | 22,493 | 28,583 | 43% |
| Price | $279.9K | $490.0K | 5% |
| Price per sq ft | $614 | $589 | 59% |
| Built year | 1925 | 1973 | 7% |
| HOA | $439.0 | $475 | 46% |
| Days on market | 27 | 157 | 2% |
Jun 11, 2026
$279,900
$285,000
-2% Price Drop
Initial Listing
May 18, 2026
$285,000
Initial Listing
Apr 29, 2011
$46,000
Public Record