Downtown Area, Alamitos Beach (4) Homes with Residential Income Property Type

Downtown Area, Alamitos Beach (4) Homes with Residential Income Property Type

Welcome to the vibrant Downtown Area and Alamitos Beach of Long Beach, California—where coastal charm meets urban sophistication. This dynamic region, nestled in Los Angeles County, offers an unparalleled lifestyle that seamlessly blends beachside leisure with the excitement of city living.

Downtown Long Beach is a bustling hub of activity, featuring a diverse array of dining, shopping, and entertainment options. Stroll along the picturesque waterfront, where you’ll find the iconic Long Beach Convention Center, the Aquarium of the Pacific, and the lively Pike Outlets. The downtown area is not just a place to live; it’s a community that thrives on culture and creativity, with art galleries, theaters, and vibrant nightlife just steps from your front door.

Just a stone's throw away, Alamitos Beach boasts stunning sandy shores and a laid-back atmosphere. This coastal enclave is ideal for those who appreciate sun-soaked days and tranquil ocean breezes. Whether you’re enjoying a morning jog along the beach path or savoring a sunset picnic, Alamitos Beach is the perfect backdrop for a relaxed lifestyle.

For investors and homeowners alike, this region also offers incredible opportunities with residential income properties. Imagine owning a charming duplex or triplex just moments from the beach, providing both a comfortable home and a lucrative rental income. With the growing demand for housing in this desirable locale, investing in residential income properties here is not just a wise financial decision but also a chance to be part of a thriving community.

Discover the magic of Downtown Long Beach and Alamitos Beach—where your dream home awaits, along with the promise of a prosperous future.

Newest Downtown Area, Alamitos Beach (4) Homes with Residential Income Property Type

811 Lime Avenue, Long Beach
$835,000
SB26234382 MLS ⋅ Coming Soon Status
Excellent opportunity for owner-occupants eligible for up to $15,000 in grant funding! Duplex is located in a strong rental market, just blocks from St. Mary’s Medical Center, the Metro, Downtown Long Beach, and the ocean. The property consists of two 2-bedroom, 1-bathroom units, each offering over 1,000 square feet of living space. Both units include laundry hook-ups and off-street parking. Top unit delivered vacant. Additionally, Seller may be willing to cover a portion of a buyer's closing costs.

811 Lime Avenue, Long Beach
830 Elm Avenue, Long Beach
$5,150,000
28 Beds ⋅ 23 Baths ⋅ 26105141 MLS ⋅ Active Status
We are pleased to present 830-842 Elm Avenue, an attractive 23-unit multifamily investment opportunity located in Long Beach, California. Built in 1964, the property consists of two separate buildings totaling approximately 16,624 square feet on a 15,779-square-foot lot. The desirable unit mix consists of five two-bedroom/one-bathroom units and eighteen one-bedroom/one-bathroom units. The property has benefited from several significant capital improvements, including deck improvements completed in 2024 and copper re-piping completed in 2016. Constructed with wood framing, stucco exteriors, and pitched roofs, the buildings feature select renovated units with upgraded kitchens, quartz countertops, modern cabinetry, stainless steel appliances, contemporary fixtures, and wood-style flooring. Additional interior improvements include updated bathrooms and modern finishes. Residents enjoy gated entry, an on-site laundry room, and ample parking consisting of 12 enclosed garages and four surface parking spaces, providing a total of 16 parking spaces. The property is separately metered for gas and electricity, helping minimize owner-paid utility expenses. Offered at $5,150,000, the property presents an attractive investment opportunity with a 6.72% current capitalization rate and a 9.88 current gross rent multiplier. With strong in-place cash flow and additional upside through continued rent growth, 830-842 Elm Avenue offers investors the opportunity to acquire an established multifamily asset with long-term appreciation potential in the Long Beach rental market. Two separate parcels, 842 APN# (7273-018-004)

830 Elm Avenue, Long Beach
1208 Daisy Avenue, Long Beach
$1,899,000
2 Beds ⋅ 12 Baths ⋅ 26104579 MLS ⋅ Active Status
PRICED TO SELL - 8.9 GRM AND 7.5% CAP. EARN OVER A 10% CASH ON CASH RETURN on in place rents. 12 Units on the Westside of Long Beach close to Downtown, subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). 1 story, bungalow style building completely remodeled down to the studs. New electrical, plumbing, kitchens, baths, lighting, etc. - Buyer to verify. Seller spent over $600K on the remodel. The property is professionally managed and features an excellent unit mix of studio and 1 bed units. There is no onsite parking but plenty of street parking. A new owner can level rents to market and be at a 8.7 GRM and 7.8% CAP. The property features a Walkscore of 85 and is a just a few minutes walk from Downtown and the Metro station. There has been over $8BB in redevelopment in Long Beach in the past 10 years including a ton of new class A apartments and restaurants. The property is also conveniently located close to the 710 Freeway providing access to employment throughout LA and Orange County. 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. Excellent lender financing is available for qualified Buyers at 30% down, 6.1% fixed for 5 years, Interest Only.

1208 Daisy Avenue, Long Beach
1809 E Appleton, Long Beach
$3,700,000
PW26228231 MLS ⋅ Active Status
1809 E. Appleton Street, known as The Lumina, is an 11-unit multifamily property located in the highly desirable Alamitos Beach neighborhood of Long Beach. Situated within one of the city's most established coastal rental markets, the property benefits from proximity to the Pacific Ocean, a highly walkable urban setting, and an extensive concentration of dining, retail, and entertainment amenities that continue to attract a broad base of renters. Built in 1961, the property features a desirable unit mix of ten (10) spacious 1BD/1BA residences averaging approximately 825 square feet and one (1) 2BD/2BA residence measuring approximately 998 square feet. The generous floor plans, abundant natural light, and functional layouts provide a competitive advantage over smaller vintage apartments commonly found throughout the surrounding coastal neighborhoods. The property has benefited from approximately $175,000 in recent capital improvements, including roof system restoration, extensive exterior refinishing and painting, front-facing window replacements, upgraded exterior lighting, landscaping enhancements, and general building repairs. Interior improvements to two units further complement the property's refreshed appearance. Collectively, these investments enhance the asset's marketability and reduce certain near-term capital expenditure requirements for a new owner. The Lumina offers additional income growth potential through its existing rental operations. Current one-bedroom rents average approximately $1,997 per month, compared with $2,350 per month for nearby rental comparables, indicating approximately 18% potential rental upside. Investors may benefit from gradual rent growth through natural turnover and strategic leasing, subject to applicable rent regulations. On-site laundry and six (6) garages provide supplemental income, while the garage configuration presents a potential longer-term ADU conversion opportunity, subject to feasibility and municipal approvals. Alamitos Beach remains a desirable Long Beach rental submarket, distinguished by its coastal location, pedestrian- oriented environment, and established residential character. With a 94 Walk Score and 89 Bike Score, the neighborhood offers convenient access to beaches, neighborhood retail, restaurants, and recreational amenities. Its combination of lifestyle appeal and limited opportunities for new multifamily development supports the property's long-term competitive positioning.

1809 E Appleton, Long Beach
919 Hoffman, Long Beach
$725,000
RS26226192 MLS ⋅ Active Status
Investor and owner-user opportunity in Long Beach! Presenting 919-921 Hoffman Ave, a duplex offered at $725,000 and sold AS-IS. The property needs work and will be DELIVERED VACANT at close of escrow, so you can renovate and set your own rents from day one. Two separate units with their own entrances, a detached garage, and a driveway for off-street parking. Live in one unit and rent the other, or fully renovate both and add value to your portfolio. Close to shopping, dining, schools, and easy freeway access. Opportunities like this don't last. Bring your contractor and your vision!

919 Hoffman, Long Beach
1067 N Norman Court, Long Beach
$799,000
PW26211191 MLS ⋅ Active Status
Excellent investment opportunity featuring three updated units consisting of two 1-bedroom, 1-bath units and one studio. The property has been thoughtfully improved with updated interiors and significant infrastructure upgrades, including a new electrical panel, new gas line, and on-demand hot water. A great opportunity for an investor looking to add an income-producing multifamily property to their portfolio, or an ideal setup for multigenerational living with three separate living spaces. Several major improvements have already been completed, making this a versatile property with multiple possibilities.

1067 N Norman Court, Long Beach
310 W 14th Street, Long Beach
$1,299,000
PW26223046 MLS ⋅ Active Status
Six units in three buildings with three separate addresses on an approximately 7,500 sq ft corner lot just north of Downtown Long Beach, across the street from 14th Street Park. Rents were reset in August 2026, bringing scheduled income to $115,492 per year: a 5.54% cap rate and 11.25 GRM at list price. The property offers a mix of one- and two-bedroom units, plus a rentable garage, storage rooms and on-site laundry. The garage also presents potential for conversion to an ADU, subject to buyer verification and city approval. The owner has kept reinvesting. All three buildings were repainted in 2025, the garage has a new door, one unit received new waterproof flooring and new windows, and another has a fully replaced shower and new flooring. Every unit has its own water heater, two of them recently replaced, and gas and electric are separately metered. Solid current income with room to grow, in a location close to Downtown. Offered in as-is condition.

310 W 14th Street, Long Beach
702 E 3rd, Long Beach
$1,300,000
SB26222401 MLS ⋅ Active Status
This 4-unit is fantastic for a long-term owner who wants a piece of Downtown Long Beach! This well-located bread and butter 4-unit is located in the East Village Arts District of Downtown Long Beach and has 4 large 2BD/1BA units and a common area laundry room for tenants. This property is ideally located for tenants, being within walking distance to grocery stores, trendy restaurants, coffee shops, and nightlife. It's a relatively low maintenance building with spacious units and minimal landscaping. Considering 60% of households within 5 miles are renters and the walk score of 97/100, this is an ideal investment for an owner looking for a stable and consistent tenant base. Don't hesitate to reach out!

702 E 3rd, Long Beach
425 W 4th, Long Beach
$1,600,000
PW26218881 MLS ⋅ Active Status
Welcome to 425 W 4th St, a well preserved 1920s multifamily property in the historic Willmore City neighborhood of Downtown Long Beach. The building blends vintage character with modern upgrades. It offers oversized one bedroom units of approximately 800 SF, each with a large double door walk in closet suitable for storage, a home office, or flex space. Original built ins, distinctive architectural moldings, and beautifully refinished original hardwood floors give the units a charm that is hard to find in today's rental market. Most units have been upgraded with modern kitchens and baths featuring quartz countertops and new tile, and select electrical and plumbing improvements have also been completed. Each unit includes its own washer and dryer, which is rare for vintage downtown product. The property has a 92 Walk Score and sits three blocks from the ocean. It is close to the new courthouse, parks, dining, transit, and major freeways, within a submarket with low vacancy and consistent tenant demand. It offers approximately a 6% current cap rate with an estimated 20% rental upside, giving investors stable cash flow and meaningful room for income growth.

425 W 4th, Long Beach
623 E Broadway, Long Beach
$2,075,000
12 Baths ⋅ 26997253 MLS ⋅ Active Status
3rd Price Reduction! 12 Renovated Non-Rent Controlled units only ~3 blocks away from the Ocean cash flowing at an amazing Current Cap Rate of 6.75% from day 1 with easily achievable upside to 8.4% Cap Rate on Proforma. Priced at only $172k 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 8.4% 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
1454 Magnolia, Long Beach
$979,000
PW26215392 MLS ⋅ Active Status
Seller is willing to contribute up to $20,000 towards closing costs. This can be used to buy down your rate! 4plex in the heart of Long Beach. This property features four 1-bedroom, 1-bath units, with the potential of turning each of them into 2 bedroom units. Two vacant units now. The building has a functional layout and a central front entry, providing straightforward management and leasing. The property includes a large rear concrete area with gated access, offering potential for additional parking, tenant use, or future improvements. Separate access pathways and open space enhance usability for both tenants and ownership. Located in the Washington neighborhood of Long Beach, the property benefits from a highly walkable location (Walk Score ~93) with easy access to shopping, dining, public transportation, and major commuter routes.

1454 Magnolia, Long Beach
1325 E Ocean, Long Beach
$3,125,000
PW26214101 MLS ⋅ Active Status
1325 E. Ocean Boulevard presents a rare opportunity to acquire a well-maintained multifamily asset along one of Long Beach’s most desirable, beach-adjacent corridors. Offered at $3,125,000, the 9-unit property encompasses approximately 8,986 square feet and combines the architectural appeal and spacious floor plans of a vintage Long Beach property with meaningful capital improvements and additional income potential. The property features a diverse collection of (1) 3BD/1BA unit, (6) 2BD/1BA units, (1) 1BD/1BA unit, and a newly constructed detached studio ADU with enclosed private yard. The residences offer generously sized vintage floor plans with thoughtful interior upgrades throughout. Select units feature in-unit washers and dryers and/or private patios, providing amenities that enhance their competitive positioning within the coastal Long Beach rental market. Ownership has also invested in significant building improvements. The front building has been seismically retrofitted, the rear building features double-pane windows, and a new roof was installed in 2019. These improvements, together with the upgraded interiors and newly added ADU, provide an incoming investor with an improved physical asset while preserving the property's original character. At current operations, the property generates $262,500 in scheduled annual rental income and $171,749 in NOI. The pro forma projects scheduled rental income of approximately $301,440 and NOI of approximately $207,633, increasing the projected return to a 6.64% cap rate. This represents ±21% potential NOI growth through the realization of market rents. With its premier Ocean Boulevard location, spacious, upgraded units, substantial building improvements and identifiable income upside, 1325 E. Ocean Boulevard offers investors a compelling combination of coastal Long Beach real estate, vintage character, current cash flow and future revenue growth.

1325 E Ocean, 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.

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