East Village Arts District Real Estate

Welcome to the East Village Arts District, a vibrant gem nestled in the heart of Long Beach, California. This unique subdivision is a testament to creativity and community, where art and culture flourish in every corner. Known for its eclectic mix of galleries, studios, and performance spaces, the East Village Arts District is a haven for artists and art enthusiasts alike.

As you stroll through the tree-lined streets, you’ll be captivated by the colorful murals that adorn the buildings, each telling a story of its own. The district hosts a variety of events throughout the year, including art walks, live music, and cultural festivals, making it a lively hub for locals and visitors. With its commitment to fostering creativity, the East Village is also home to numerous art schools and workshops, inviting aspiring artists to hone their craft.

Beyond its artistic charm, the East Village Arts District offers a diverse array of dining and shopping options. From trendy cafes to gourmet restaurants, you can indulge in a culinary adventure that reflects the area's rich cultural tapestry. Boutique shops and local artisans provide a unique shopping experience, ensuring you’ll find one-of-a-kind treasures.

Living in the East Village means embracing a lifestyle that celebrates creativity and community. With its proximity to the beach, excellent schools, and a strong sense of neighborhood, this subdivision is an ideal place for families, young professionals, and artists seeking inspiration. Discover your new home in the East Village Arts District, where every day feels like a celebration of life and creativity!

Newest Listings in East Village Arts District

$4,400,000

PW26170001 MLS

445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $41,075 of additional annual NOI, a 16% increase in cash flow at no change in basis.

445 E 3rd, Long Beach

Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams Realty Downey.

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Based on information from CRISNet MLS as of All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.