Downtown Area, Alamitos Beach (4) Homes with Triplex Subtype

Downtown Area, Alamitos Beach (4) Homes with Triplex Subtype

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled within this dynamic locale is the enchanting Alamitos Beach, a neighborhood known for its stunning ocean views, lively atmosphere, and a diverse community that embraces the best of Southern California living.

Alamitos Beach offers a unique blend of beachside relaxation and metropolitan convenience. Picture yourself strolling along the sandy shores, enjoying the refreshing ocean breeze, or indulging in the eclectic dining options that line the streets. This area is not just a destination; it’s a lifestyle, with an array of parks, art galleries, and cultural events that keep the spirit of community alive.

For those seeking investment opportunities or a spacious living arrangement, the triplex homes in Alamitos Beach present an exceptional choice. These multi-family properties offer the perfect combination of comfort and versatility, making them ideal for both homeowners and investors. Imagine living in one unit while renting out the others, providing a steady income stream in this sought-after neighborhood. With their charming architecture and proximity to the beach, triplex homes are not only practical but also a delightful place to call home.

Whether you’re looking to immerse yourself in the vibrant local culture, enjoy beach activities, or invest in a thriving real estate market, Alamitos Beach in Downtown Long Beach has it all. Embrace the coastal lifestyle and discover the endless possibilities that await you in this beautiful community. Your dream home or investment opportunity is just a step away!

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

1317 E 1st, Long Beach
$2,100,000
PW26186315 MLS ⋅ Active Status
1317 E. 1st Street presents a rare opportunity to acquire a fully renovated triplex in the heart of Alamitos Beach with a unique combination of residential quality, strong in-place income, exceptional parking and owner-occupancy potential. The property has undergone an extensive renovation program totaling ~$375,000, including the complete rebuild of all three residential units. The improvements have created modern, highly competitive residences while substantially reducing the deferred maintenance and near-term capital expenditure. Situated on an 8,263-square-foot lot, the property consists of three separate residences totaling 2,367 square feet: (1) spacious 1,300-square-foot 3BD/2BA main residence; (1) 650-square-foot 1BD/1BA unit; and (1) 417-square-foot studio. A significant competitive advantage is the property's eight off-street parking spaces, including five alley-access garages and three driveway spaces—an exceptional amenity in highly parking-impacted Alamitos Beach. In addition to enhancing tenant appeal and marketability, the five garages provide a meaningful ancillary income stream with additional upside potential. The combination of extensive parking and garage income differentiates the property from competing coastal rental properties while providing an additional source of revenue beyond residential rents. The property's full-sized 3BD/2BA main residence creates a compelling opportunity for an owner-occupant seeking the lifestyle and privacy of a traditional home while benefiting from supplemental rental income. Thoughtfully remodeled with owner occupancy in mind, the front residence offers 1,300 square feet of living space, generous common areas, and ample parking. A separate basement provides valuable additional storage. Meanwhile, the two additional residences and five private garages provide multiple income streams that can help offset mortgage and operating costs. This combination of residential comfort, privacy, parking and income potential is particularly difficult to replicate in a prime coastal neighborhood. Located in the heart of Alamitos Beach, the property benefits from immediate access to the beach and bike paths, Downtown Long Beach, and an extensive collection of neighborhood dining, retail and entertainment amenities. With a 94 Walk Score, the neighborhood offers the highly walkable, beach-oriented lifestyle that continues to drive renter demand and premium rents.

1317 E 1st, Long Beach

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