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

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

Welcome to the vibrant and eclectic Downtown Area of Long Beach, California, where the sun-kissed beaches meet urban sophistication! Nestled along the stunning coastline, Alamitos Beach is a hidden gem that perfectly blends the allure of beachside living with the dynamic energy of city life. This area is renowned for its picturesque shoreline, lively atmosphere, and a community that embraces both relaxation and excitement.

In Alamitos Beach, you’ll find a diverse array of homes, including charming two-level properties that offer both style and functionality. These multi-story residences provide ample space for families or individuals seeking a comfortable retreat. With their spacious layouts, you can enjoy the luxury of separate living areas, making them ideal for entertaining guests or simply unwinding after a long day.

The Downtown Area is not just about beautiful homes; it’s a thriving hub of culture, art, and entertainment. Residents can indulge in a variety of local restaurants, boutique shops, and vibrant nightlife, all within walking distance. Plus, the stunning beach is just a stone's throw away, offering endless opportunities for sunbathing, beach volleyball, or leisurely strolls along the shoreline.

Whether you’re captivated by the charm of two-level homes or the allure of coastal living, the Downtown Area and Alamitos Beach offer a unique lifestyle that’s hard to resist. Embrace the best of both worlds where urban excitement meets serene beach vibes, and discover your dream home in this remarkable community today!

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

$2,165,000
12 Beds 11 Baths 26853651 MLS Active Status
PRICED REDUCED TO SELL AT 9.5 GRM AND 7.0% CAP AGAINST IN PLACE RENTS WITH UPSIDE. 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 9.1 GRM and 7.4% 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

$1,119,000
2 Beds 2 Baths BB26138525 MLS Active Status
Experience breathtaking panoramic views of the ocean, Catalina Island, the Queen Mary, the Southern California coastline, and sparkling city lights from this highly upgraded penthouse in the desirable Aqua Towers. The expansive wraparound balcony with glass railings offers front-row views of the Long Beach Grand Prix, seasonal waterfront events, and the 2028 Olympic sailing and volleyball competitions. This spacious 1-bedroom plus loft (currently used as a second bedroom) features an open, light-filled floor plan with stunning views from nearly every room. The gourmet kitchen is equipped with granite countertops, Viking stainless steel appliances, full-size in-unit laundry, and central A/C and heating. The primary suite offers a large walk-in closet and a spa-inspired bathroom with dual vanities, a soaking tub, and a separate walk-in shower. A rare bonus, this home includes a private deeded garage with a roll-up door remote plus an additional deeded parking space. Residents enjoy resort-style amenities including 24-hour concierge and security, pool, spa, fitness center with sauna, clubhouse, business centers, BBQ area, and on-site management. Located in the heart of Downtown Long Beach, you're just steps from the beach, marina, restaurants, shopping, entertainment, biking trails, the Performing Arts Center, The Pike, East Village Arts District, public transit, and the Aquarium of the Pacific. This is a rare opportunity to purchase one of Aqua Towers' premier penthouse residences with unmatched views and an exceptional coastal lifestyle.

488 E Ocean, Long Beach

$899,000
3 Beds 2 Baths SB26132854 MLS Active Under Contract Status
Built in 1914, this classic Craftsman presents an exceptional opportunity for investors, renovators, or buyers with a vision to restore a true architectural gem to its original glory. Situated on a picturesque, wide, tree-lined one-way street just blocks from the beach, this 112-year-old home is rich with timeless character and offers the perfect canvas for a stunning transformation. Many of the home's original details remain, including hardwood floors, crown molding, custom built-ins, generously sized rooms, soaring ceilings, and abundant windows that fill the interior with natural light. While the property could benefit from some TLC, it already features valuable updates such as central forced-air heating and air conditioning, an updated kitchen with rich dark cabinetry, granite countertops, stainless steel appliances, and a remodeled upstairs bathroom with dual showerheads. The spacious floor plan includes an charming living room, formal dining room, family/great room, remodeled kitchen, and a convenient ¾ bath on the main level. A grand sweeping staircase leads to three oversized bedrooms with ample closets and the updated full bath. Outside, the private fenced backyard offers plenty of space for entertaining or future enhancements. A detached single-car garage and extended driveway provide ample off-street parking. Whether you're looking to restore a historic Craftsman to its magnificent beauty or create lasting value in a highly sought-after beach-close neighborhood, this is a rare opportunity to bring new life to a home with incredible character, charm, and potential.

1130 E Appleton, 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.