Downtown Area, Alamitos Beach (4) Homes with Mixed Use Subtype

Downtown Area, Alamitos Beach (4) Homes with Mixed Use Subtype

Welcome to the vibrant Downtown Area of Long Beach, California, where urban charm meets coastal allure! Nestled along the picturesque shores of Alamitos Beach, this dynamic neighborhood is a perfect blend of modern living and laid-back beach vibes. With its stunning ocean views and bustling city life, Downtown Long Beach is an ideal destination for those seeking an exciting lifestyle.

The Downtown Area is known for its eclectic mix of shops, restaurants, and cultural attractions, making it a hub for creativity and community. Enjoy a leisurely stroll along the waterfront promenade, where you can soak in the sun or indulge in fresh seafood at one of the many waterfront eateries. The area is also home to the iconic Long Beach Convention Center and the vibrant Arts District, showcasing local artists and hosting events year-round.

For those looking to invest in real estate, the Downtown Area offers a unique opportunity with its homes featuring a mixed-use subtype. These properties allow for both residential and commercial use, providing the perfect setting for entrepreneurs and residents alike. Imagine living just steps away from your favorite café or boutique, all while enjoying the convenience of urban amenities right at your doorstep.

Whether you’re a young professional, a growing family, or a retiree seeking a lively community, Downtown Long Beach and Alamitos Beach have something for everyone. Experience the best of coastal living combined with the energy of city life—your dream home awaits in this thriving Southern California gem!

Newest Downtown Area, Alamitos Beach (4) Homes with Mixed Use Subtype

$3,500,000
PW26169871 MLS ⋅ Active Status
235–237 Linden Avenue is an 18-unit multifamily asset located in Long Beach's East Village Arts District, a walkable, supply-constrained Downtown submarket supported by strong renter demand and proximity to employment, transit, and lifestyle amenities. The property features nine (9) studios and nine (9) one-bedroom/ one-bath units, an efficient unit mix aligned with market demand. Originally constructed in 1913, the building retains its historic exterior while offering fully renovated interiors throughout. Ownership has invested approximately $275,000 in capital improvements, including roof upgrades, renovated units, keyless entry, and exterior improvements. As a result, the property offers a stabilized, low-maintenance investment with minimal near-term capital needs. The property boasts a 98 Walk Score and 91 Bike Score, placing residents within walking distance of Downtown Long Beach's restaurants, retail, and entertainment. The East Village Arts District continues to benefit from stable occupancy and rental demand driven by its vibrant local business community and convenient access to the broader Downtown employment base. 235–237 Linden Avenue offers a clear path to value creation, currently priced at a 6.00% cap rate and 9.85 GRM with meaningful room to grow. Through the implementation of RUBS and the achievement of market rents, an investor can push the property to a 7.17% cap rate and 8.76 GRM—a 117-basis-point expansion in yield and more than a full point of GRM compression. This equates to $40,908 of additional annual NOI, a nearly 20% increase in cash flow with no change in basis.

235 Linden, Long Beach
$4,800,000
PW26169956 MLS ⋅ Active Status
319 Elm Street is a 24-unit multifamily asset located in Long Beach’s East Village Arts District, a dense and walkable Downtown submarket known for its consistent renter demand and proximity to employment, transit, and lifestyle amenities. The property is comprised of eighteen (18) studio units and six (6) one-bedroom/one-bath units, offering an efficient small-unit mix aligned with the area’s tenant profile. Furthermore, ten (10) on-site parking spaces represent a rare, meaningful amenity in a submarket where parking remains constrained. The seller has invested over $900,000 in capital improvements, including comprehensive electrical upgrades throughout the building, unit renovations, keyless entry on all units, common area enhancements, and exterior improvements. The completion of these upgrades, combined with separately metered utilities, supports a more efficient and predictable operating profile with limited near-term capital requirements. 319 Elm Avenue is priced at a 6.42% cap rate and 10.06 GRM in place, with a clear runway to grow. As rents move to market and RUBS is implemented, the property stabilizes at a 7.28% cap rate and 9.20 GRM—an 86-basis-point expansion in yield and a full point of GRM compression. That translates to $44,075 of additional annual NOI, a 14% increase in cash flow at no change in basis.

319 Elm, Long Beach
$900,000
SB26105694 MLS ⋅ Active Status
An Iconic Long Beach Venue Awaits Its Next Chapter Welcome to 1253 E 4th Street — a rare commercial opportunity in the heart of Long Beach's electrifying 4th Street Corridor, one of the most exciting and rapidly evolving entertainment districts in Southern California. Built in 1922, this storied 3,000 sq ft Restaurant/Tavern building sits on a 4,008 sq ft lot and carries over a century of character, community, and culture within its walls. Zoned LBCNR (Long Beach Commercial Neighborhood Retail), the property is purpose-built for food, beverage, and entertainment use. A dedicated live music stage sets this space apart from anything else on the market, purpose-built for performance and the kind of programming that turns a neighborhood into a destination. Whether you're envisioning a craft cocktail bar, a live music lounge, a creative food and beverage concept, or a hybrid entertainment venue, the infrastructure is here and the neighborhood is ready. 4th Street is having its moment. Surrounded by an influx of independent restaurants, boutique retailers, and a growing residential base, this corridor is drawing the kind of foot traffic and community investment that makes operators and investors take notice. With a walkability score of 95/100 and 11% home appreciation in the surrounding area over the last two years, the fundamentals couldn't be stronger. The timing to plant your flag here has never been better. Last sold in 1986 and family-held ever since, this is a generational asset finally coming to market. A Truly Unique Offering: Also available for sale is the single-family residence located at 421 Almond Street, situated directly behind the commercial property on Almond Ave. The owner strongly prefers to sell both lots to the same buyer, presenting an extraordinary opportunity to control a combined footprint in one of Long Beach's most talked-about neighborhoods. Live behind your business, expand your footprint, or hold both as a long-term investment — the possibilities this dual-lot package unlocks are virtually unmatched at this price point. Opportunities like this don't come back around.

1253 E 4th, Long Beach
$5,400,000
PW26120925 MLS ⋅ Active Status
PROPERTY OVERVIEW - 1980'S CONSTRUCTION. Built in 1985, Ten60 Olive Avenue is a well-maintained 16-unit multifamily asset with strong curb appeal, located in Long Beach, California. The property features all 2-bedroom / 1-bath units with ample natural light. Amenities include on-site laundry facilities and secured underground parking with 24 parking spaces. $650K IN CAPITAL IMPROVEMENTS. Ownership has invested approximately $650K in recent capital improvements, significantly reducing near-term capital requirements and enhancing overall asset stability. Improvements include: high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, new railings and exterior enhancements, controlled access gates, building-wide security camera system, newly sealed roof in 2024, and upgraded fire panel system. ADDITIONAL INCOME & VALUE-ADD POTENTIAL. The property offers both in-place supplemental income and identifiable opportunities to further increase revenue; Laundry Income: On-site laundry facilities provide consistent ancillary income. Potential Utility Reimbursement (RUBS): Units are individually metered for gas and electricity positioning the asset for implementation of a RUBS program for additional income. Parking Income: Current rents include one parking space per unit. The property may offer an opportunity to increase parking income without requiring additional capital investment. STABLE IN-PLACE CASH FLOW WITH UPSIDE. With substantial capital improvements completed, strong curb appeal, and additional operational upside remaining, Ten60 Olive Avenue presents a well-balanced multifamily investment opportunity in the heart of Long Beach. The property combines stable in-place cash flow with meaningful long-term growth potential through rental increases, RUBS implementation, and ancillary income opportunities.

1060 Olive, Long Beach
$1,650,000
PW26065075 MLS ⋅ Active Status
Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, the property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 7.33% cap rate, offering stable in-place income with additional upside potential.

617 West 3rd Street, Long Beach
$2,200,000
PW26044424 MLS ⋅ Active Status
Prime Mixed-Use Commercial Property Near Downtown Long Beach. This two-story building offers approximately 4,812 SF on a 7,578 SF lot and features a unique live/work or income-producing configuration. The lower level consists of commercial retail space, and the upper level includes a 3-bedroom 1 bath residential unit suitable for owner occupancy or rental income. Recent improvements include a new roof installed in April 2024. The property is located in a high-visibility corridor with convenient access to Downtown Long Beach and major transportation routes. Ideal opportunity for: • Owner-user (SBA potential, buyer to verify eligibility) • Investor seeking mixed-use income property • Live/work operator Buyer to verify zoning, use, square footage, and all information independently. Business sale information PW26044444

1756 Pacific, Long Beach
$2,700,000
PW25224939 MLS ⋅ Active Status
Great Investment Property!! Consist of 5 commercial spaces downstairs and ample space to create what you would like to make it upstairs, it can be a shelter, or a hostel. One commercial spot is being used as a Beauty Shop and the other commercial spot is being used as a Dance Studio. The rest of the commercial units are vacant. The studios are all upstairs and need to be completely redone before renting. Property has a lot of potential however it needs to be repaired to bring its potential to its best!!!

208 W Anaheim, Long Beach
$1,444,860
PW25200592 MLS ⋅ Active Status
Single story, owner-user office building in East Village section of Downtown Long Beach. The front of the building is set up as a medical office, offering a spacious and bright reception area. The rear of the building offers roomy living quarters, including bedrooms, bathrooms, a kitchen space and laundry. Property uses large lot size for additional parking in the rear. It is currently being used as sober living but can be delivered vacant. Located adjacent to Downtown Long Beach amenities including several restaurants, shops, the Pike, Queen Mary, Convention Center. Zoning: PD-30, East Village DTLB District. Property can be sold individually or combined with neighboring property at 836 Atlantic which is also for sale.

830 Atlantic Avenue, Long Beach
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.