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 sophistication meets coastal charm! Nestled in the heart of Los Angeles County, this dynamic district boasts a rich tapestry of culture, entertainment, and community spirit. Just a stone's throw away from the beautiful Alamitos Beach, residents enjoy the perfect blend of beachside relaxation and city life.

The Downtown area is renowned for its bustling streets lined with trendy boutiques, gourmet eateries, and lively nightlife. Whether you're strolling along the picturesque waterfront or exploring the eclectic art scene, there's always something new to discover. Alamitos Beach, with its golden sands and inviting ocean waves, is just minutes away, offering a serene escape for sunbathers, surfers, and families alike.

For those seeking a unique investment opportunity or a multi-family living arrangement, the triplex homes in this region are a true gem. These properties not only provide ample space for multiple families or tenants but also offer the potential for significant rental income. Imagine owning a charming triplex where you can enjoy the benefits of coastal living while also generating revenue from your investment.

With the allure of the beach and the excitement of downtown, the triplex homes in this area are perfect for both homeowners and investors. Experience the lifestyle that Long Beach has to offer—where the sun shines bright, the community is welcoming, and your dream home awaits! Whether you're looking to make a permanent move or invest in a rental property, the Downtown Area and Alamitos Beach are calling your name.

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

$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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