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

Welcome to the vibrant Downtown Area of Long Beach, California, where the sun-kissed shores of Alamitos Beach meet the urban pulse of city life. This dynamic region is a perfect blend of coastal charm and metropolitan flair, making it an ideal place to call home. With its stunning ocean views, trendy restaurants, and rich cultural scene, Downtown Long Beach offers a lifestyle that is both exciting and relaxed.

Alamitos Beach, just a stone's throw away, boasts beautiful sandy shores and a welcoming community. Here, residents can enjoy leisurely beach strolls, sun-soaked afternoons, and an array of water activities. The beachfront is lined with parks and recreational areas, perfect for picnics or simply soaking up the California sun. The area's vibrant nightlife, art galleries, and local festivals create a lively atmosphere that keeps residents engaged and entertained throughout the year.

For those looking to invest in this thriving locale, homes with an industrial subtype stand out as a unique opportunity. These properties often feature spacious layouts, high ceilings, and an abundance of natural light, making them perfect for both living and creative pursuits. Many of these homes are situated in repurposed warehouses or loft-style buildings, offering a distinct character that appeals to modern homeowners and artists alike.

In Downtown Long Beach and Alamitos Beach, you’ll find not just a place to live, but a community that embraces the best of coastal and urban living. Discover your dream home in this exceptional region, where lifestyle and location converge beautifully.

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

$1,799,000

PW26189996 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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