East Village Arts District Real Estate

Welcome to the East Village Arts District, a vibrant and eclectic neighborhood nestled in the heart of Long Beach, California. This dynamic subdivision is a haven for artists, creatives, and anyone seeking a lively urban lifestyle. With its unique blend of historic charm and contemporary flair, the East Village Arts District is a canvas of culture, creativity, and community.

The streets are lined with colorful murals, showcasing the talents of local artists and setting the tone for this artistic enclave. Here, you’ll find a variety of galleries, studios, and performance spaces that host regular exhibitions, live music, and cultural events. The area is also home to a thriving café scene, where you can sip on artisanal coffee while soaking in the creative atmosphere.

Living in the East Village Arts District means you’re just steps away from the best of Long Beach. Enjoy leisurely strolls to the nearby waterfront, where you can bask in the sun or partake in various recreational activities. The district is also conveniently located near a plethora of dining options, ranging from trendy eateries to beloved local favorites, ensuring that there’s always something new to discover.

With its strong sense of community and commitment to the arts, the East Village Arts District is more than just a place to live; it’s a lifestyle. Whether you’re an artist, a foodie, or someone who simply appreciates the beauty of creativity, this neighborhood invites you to explore, engage, and be inspired. Come and experience the magic of the East Village Arts District, where every day feels like an artful adventure!

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.

$1,800,000

SB26098575 MLS

Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.

227 Lime, Long Beach

Listing courtesy of Listing Agent: Malcolm Zeger (malcolm.zeger@buckinghaminvestments.com) from Listing Office: Buckingham Investments, Inc.

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