Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

Welcome to the vibrant Downtown Area of Long Beach, specifically the charming Alamitos Beach neighborhood! Nestled along the stunning California coastline, Alamitos Beach is a delightful blend of urban sophistication and beachside tranquility. This area is renowned for its picturesque views, lively atmosphere, and a community that embraces the best of coastal living.

As you stroll through Alamitos Beach, you'll find a delightful mix of trendy cafes, boutique shops, and art galleries, all just a stone's throw from the sandy shores. The beach is perfect for sunbathing, beach volleyball, or simply enjoying a leisurely walk along the water’s edge. The vibrant nightlife and cultural events in Downtown Long Beach add to the allure, making it an ideal spot for both relaxation and entertainment.

For those looking to plant roots in this enchanting area, homes with two-level stories are a popular choice. These multi-story residences not only offer ample living space, but they also provide stunning views of the ocean and the bustling cityscape. Imagine sipping your morning coffee on a private balcony, or hosting friends for a sunset dinner in your spacious dining area. The two-level homes in Alamitos Beach are designed to maximize comfort and style, making them perfect for families or anyone who loves to entertain.

Whether you're searching for a cozy beach retreat or a vibrant urban lifestyle, Alamitos Beach in Downtown Long Beach offers a unique blend of both. Explore the possibilities of calling this beautiful region home, and experience the charm and excitement that awaits you in this coastal paradise!

Newest Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

$1,399,900
10 Beds ⋅ 4 Baths ⋅ 26870367 MLS ⋅ Coming Soon Status
RARE 4-UNIT OWNER-USER, VALUE-ADD & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 117 W. 9th Street presents a unique opportunity to acquire a Long Beach multifamily property with TWO VACANT 2-BEDROOM UNITS. 50% OF THE PROPERTY AVAILABLE FOR IMMEDIATE OCCUPANCY OR LEASE-UP! The two currently occupied units generate $3,355 per month / $40,260 annually, with existing rents of $1,995 and $1,360. This provides established income from day one while leaving TWO 2-BEDROOM UNITS VACANT and available for a new owner to immediately reposition, improve, occupy, or lease at current market rents, subject to applicable laws. For an OWNER-USER, the opportunity is particularly compelling: occupy one of the vacant 2-bedroom units while receiving rental income from the occupied units and retaining an additional vacant 2-bedroom unit for future rental income. For an INVESTOR, 50% vacancy creates the opportunity to immediately address a significant portion of the property's income potential rather than waiting for existing tenants to vacate. Current annual operating expenses are approximately $16,800, with current NOI of approximately $23,460 BEFORE ANY INCOME FROM THE TWO VACANT UNITS. The property's current financial performance therefore reflects only 50% physical occupancy and should be evaluated together with the potential income available through lease-up of the two vacant units. Multiple strategies are available: OWNER-OCCUPY, LEASE-UP, RENOVATE, VALUE-ADD, HOLD, or 1031 EXCHANGE. Existing income + two vacant 2-bedroom units + immediate control of 50% of the units creates a compelling opportunity for a buyer seeking long-term upside. PORTFOLIO SALE: 117 W. 9th Street is being offered as part of a portfolio sale together with 1089 E. 7th Street, Long Beach, providing an opportunity to acquire multiple Southern California multifamily assets. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer. Buyer to independently verify all rents, expenses, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and owner-occupancy requirements.

117 W 9th Street, Long Beach
$1,399,900
6 Beds ⋅ 4 Baths ⋅ 26870317 MLS ⋅ Coming Soon Status
STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $19,050 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $76,950, representing an approximate 5.50% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with established cash flow. Located in Long Beach, the property provides access to one of Southern California's established rental markets and offers investors the opportunity to acquire a multifamily asset with approximately $96,000 in annual gross rental income while maintaining the potential for future rent growth, operational improvements, and long-term appreciation. PORTFOLIO OPPORTUNITY: 1089 E. 7th Street is being offered as part of a portfolio sale together with 117 W. 9th Street. The properties provide complementary investment strategies: 1089 E. 7th Street offers high existing income, and 117 W. 9th Street offers two vacant 2-bedroom units with owner-user and value-add potential. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer.INVESTMENT HIGHLIGHTS: Approximately $96,000 Annual Gross Income * Approximately $76,950 NOI * Approximately 5.50% Cap Rate * Approximately 14.58 GRM * Existing Income From Day One * Long Beach Multifamily Investment * Portfolio Acquisition Opportunity * 1031 Exchange Opportunity.Buyer to independently verify all rents, expenses, income, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and all other property information.

1089 E 7th Street, Long Beach
$429,000
1 Beds ⋅ 1 Baths ⋅ DW26172228 MLS ⋅ Coming Soon Status
Welcome to this beautifully well maintained, move-in ready 1-bedroom, 1-bath condominium offering an open-concept floor plan filled with abundant natural light. The bright and airy living spaces create a warm, inviting atmosphere that's perfect for relaxing. Ideally located just a short walk to Alamitos Beach, this home lets you enjoy the best of coastal living with easy access to the shoreline, waterfront bike paths, popular restaurants, cafés, and shopping. Additional features include a private one-car garage, adding valuable convenience and extra storage. Whether you're looking for a primary residence, a vacation retreat, or an investment opportunity, this turnkey home offers an exceptional lifestyle in one of Long Beach's most desirable beachside neighborhoods.

1327 E Appleton Street, Long Beach
$2,140,000
12 Baths ⋅ 26869467 MLS ⋅ Active Status
2nd Price Reduction! 12 Renovated Non-Rent Controlled units only ~3 blocks away from the Ocean cash flowing at an amazing Current Cap Rate of 6.5% from day 1 with easily achievable upside to 8.1% Cap Rate on Proforma. Priced at only 178k per unit for a Non-LA-City rent controlled asset allowing significant 8.7% annual rent increases (5%+CPI) paving a clear way to reach market rents and the 8.1% Proforma Cap Rate in the near future. The property features 12 Spacious and easy to rent studios each with their own separate kitchen and bathrooms. Select units have been upgraded with updated cabinets, flooring, kitchens, bathrooms, as well as exterior improvements including renovated hallways. The property also offers on-site laundry which has been remodeled and generates additional income. Located in the heart of Downtown Long Beach, just steps from the East Village Arts District, Alamitos Beach, the Long Beach Convention Center, Aquarium of the Pacific, Queen Mary, and the Beach! Highly walkable area surrounded by shops, restaurants, and major transit lines, the property combines steady cash flow with exceptional long-term upside in a prime coastal urban corridor.

623 E Broadway, Long Beach
$1,300,000
PW26168879 MLS ⋅ Active Status
421 Rose Place is a recently renovated four-unit apartment property ideally located near Long Beach’s popular 4th Street and Retro Row district. The property features 4 spacious, identical 3-bedroom, 1-bathroom units, providing a highly desirable and consistent unit mix with strong rental demand. Each residence has been thoughtfully renovated and includes convenient in-unit washer and dryer hookups. All units also have their own individual water heaters, allowing for separate utility control and added convenience. Newer windows have been installed throughout the property. Major building systems have been updated, including the electrical and plumbing systems, along with a new silicone roof system. Additional exterior improvements include newer stucco and a black double-metal security gate with a separate pedestrian entrance, providing added privacy, curb appeal, and controlled access. The property also includes a two-car tandem parking space. Located just moments from Retro Row, residents enjoy convenient access to one of Long Beach’s most distinctive shopping, dining, and entertainment destinations. The neighborhood is known for its walkable atmosphere, locally owned boutiques, vintage shops, restaurants, cafés, art galleries, and nightlife, making it a highly desirable place to live. With its 4 spacious and identical 3-bedroom units, recent renovations, updated major systems, individual water heaters, improved exterior, and prime Long Beach location, 421 Rose Place presents a compelling investment opportunity with strong rental fundamentals and long-term value.

421 N Rose, Long Beach
$434,550
1 Beds ⋅ 2 Baths ⋅ PW26168666 MLS ⋅ Active Status
1 BEDROOM + 1.5 BATHROOM + 2 LEVELS + PRIMARY BEDROOM BALCONY + GROUND FLOOR PATIO + 993 SQFT + 1 STORAGE CAGE! Jump at your chance to own one of the most unique luxurious condos at The Promenade Walk! Rare corner location, 2 level home appointed with all of the luxury items you deserve to spoil yourself! 993 sqft! Living Area: all hardwood floors! Tile in bathrooms & bedroom carpet. Large relaxing patio at ground level entry, stairs lead up into the living room and kitchen retreat, down the hall the 2nd bathroom and further down the primary bedroom retreat and primary bathroom retreat. Primary bedroom retreat has a tall, wide windows & its own balcony retreat. Additionally, primary bathroom retreat has dual sinks & a custom California walk-in closet! Kitchen is equipped with a stainless-steel package for appliances and large kitchen island for barstool seating. The spacious living room retreat and nook have tall, wide windows that maximize southern exposure and give sweeping views! Upgraded custom lights and paint throughout. Includes 2 parking spaces and a spacious storage cage! HOA includes FIOS Internet, basic cable, water and trash. 2 assigned gated underground parking spaces! 1 large, assigned storage cage inside the building as well. Complimentary guest parking & EV Stations! 1 huge separate storage room! PET Friendly building. Modern club room w/ TV, sofas, pool table, shuffleboard, full kitchen, outdoor social patio bar, courtyard lounge w/ fireplace, gym & yoga room. 0-5 blocks away from everything! Beach, boardwalk, restaurants, museums, grocery stores, shopping, freeways & entertainment, farmers markets, Annual Grand Prix, Host of several 2028 Olympics Events, The Pike, Nike, H & M outlets, marina, Queen Mary, jet skis, boat rentals, paddle boarding, Pine Ave, 2md St./Belmont Shore!

133 The Promenade N Unit 105, Long Beach
$619,000
2 Beds ⋅ 2 Baths ⋅ PW26161761 MLS ⋅ Active Status
Welcome to Long Beach’s vibrant Downtown urban oasis: The Promenade. The Promenade is a sophisticated luxury urban development with community spaces including a well appointed gym and yoga space, a modern club house with a kitchen, pool table and media center. The outdoor courtyard lounge and fireplace are an ideal place to meet friends or enjoy a book. The 2 bedroom, 2 bath condo has a bedroom, closet and full bathroom on the first floor. The second floor has an open concept living and kitchen area, spacious bedroom and laundry. Long Beach's vibrant downtown offers the experience of a large beach city - bike paths, walking paths and refreshment stations, the Queen Mary, Aquarium of the Pacific, the Pike Outlets and Shoreline Village.

133 The Promenade N Unit 107, Long Beach
$699,000
PW26159198 MLS ⋅ Active Status
Opportunity to own a well-maintained duplex featuring two units, 1007 Lewis Ave and 1009 Lewis Ave. The top unit at 1007 Lewis Ave. offers 2 Bedrooms, with an extra room that provides flexibility and is ideal for use as a home office, nursery, guest room or additional 3rd bedroom. The unit features fresh interior paint, a bright living space, and an outside washer & dryer area. The first floor unit at 1009 Lewis Ave. offers a, 1 Bedroom and 1 Bath unit, inside laundry, creating a practical layout. Both units have been refreshed, ceiling fans , counter tops & cabinets in kitchens & baths, tile and lovely wood laminate flooring. Outside there is a storage unit, security fence, and a shared backyard patio and entertaining area. This income-producing property is just minutes from the Hip East Village, Alamitos Beach, dining and public transportation. Walk to Medina's Bakery, La Bodega #2 for fresh meat, fruits and vegetables, Tacos at Chemas Place and fresh coffee and donuts at Tasty's and even a barber shop around the corner! Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this duplex presents an excellent opportunity. Parking spaces for rent across the street at Colonia Tires and Auto Repair for $80/month.

1007 Lewis Avenue, Long Beach
$859,000
5 Beds ⋅ 2 Baths ⋅ SB26158814 MLS ⋅ Active Status
Welcome to this classic old charmer featuring traditional wood shingle siding, high ceilings, and an abundance of windows that fill the home with natural light. This spacious residence offers five bedrooms, two bathrooms, and a versatile den, perfect for a home office, study, or flex space, and just a few minutes from the ocean. Additional features include an ornamental fireplace, dual-pane windows, and a private fenced patio ideal for outdoor entertaining or relaxing. The functional floor plan includes one bedroom and one full bathroom on the main level, providing flexibility for guests, extended family, or multigenerational living. Ideally located near the Civic Center, Arts District, shopping, dining, and popular beach attractions, this home combines timeless character with everyday convenience and is ready for its next owner to make it their own.

724 Elm Avenue, Long Beach
$425,000
1 Beds ⋅ 1 Baths ⋅ PW26154886 MLS ⋅ Active Status
Turnkey, fully furnished, and just blocks from the beach! This beautifully remodeled top-floor corner unit is currently operating as a successful short-term rental and is ready for its next owner to move in or start generating income immediately. Featuring 1 bedroom, 1 bathroom, abundant natural light, and a desirable corner location, this coastal retreat offers comfort, convenience, and investment potential all in one. Situated near Alamitos Beach, Bluff Park, downtown Long Beach, dining, shopping, and entertainment, you'll be perfectly positioned to enjoy the best of coastal living. A rare investment opportunity, especially with all the exciting events to come in Long Beach. Whether you're seeking a beachside getaway, full-time residence, or income-producing property, this one checks all the boxes. Sold fully furnished and ready to generate income from day one.

1036 E 2nd Street Unit 11, Long Beach
$2,155,000
12 Beds ⋅ 11 Baths ⋅ 26853651 MLS ⋅ Active Status
PRICED REDUCED TO SELL AT 9.4 GRM AND 7.0% CAP AGAINST IN PLACE RENTS WITH UPSIDE. Earn over an 8% cash on cash return against in place rents. 11 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features 10 1 bedroom units and 2 bedroom/1 bed house.10 units have been heavily updated with new paint, flooring, kitchen cabinets and bathrooms. There are 5 garages in the rear and 2 surface spaces which is an added bonus given how limited parking is in Long Beach. Additionally, a Buyer could convert the 5 rear garages to ADU's if they choose - adding another 2 units - Buyer to verify. The property features updated electrical (Buyer to verify) and plumbing has been updated as interior updates have been made. All windows are updated as well. This property is perfect for an investor looking for a building with most of the heavy lifting done. Yet there is still some upside left to a 9 GRM and 7.5% CAP. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. Additionally, Long Beach Airport is going through a $37MM overhaul in preparation for the 2028 Olympics.

727 Olive Avenue, Long Beach
$3,475,000
14 Beds ⋅ 14 Baths ⋅ 26853641 MLS ⋅ Active Status
PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents. 14 units in prime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green. The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well. Based on area rental comps, there is approximately 11% rental upside, allowing an owner to achieve a 9.35 GRM and 7.0% CAP once rents are leveled to market. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.

1142 E 1st Street, 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.