Alamitos Beach, Long Beach, CA Investment Properties

Alamitos Beach, Long Beach, CA Homes for Sale

About Alamitos Beach, Long Beach, CA Investment Properties

Alamitos Beach is a neighborhood located in the southern part of Long Beach, California. Its border neighborhoods consist of Bluff Park and Bluff Heights on the east, and East Village in the west while East 4th Street draws its border to the north. Since this community is near to tourists destinations and Downtown Long Beach, it has access to several commercial and business establishments, recreational areas, hotels, and restaurants. Residents can spend their leisure time and weekends at different institutions for recreational activities and arts attractions such as Long Beach Museum of Art. Parents can send their young children to nearby schools such as Stevenson Elementary School.

Real estate in this coastal neighborhood district consists of single-family houses, townhouses, multiple-unit buildings, and apartments that are just a few walks away from the stunning ocean view. Each unit features one to three-bedroom and one to two-bathroom floor layouts. Every property features spacious lawn and garden areas, a kitchen, and living area in modern style and design. Moreover, families get the chance to have their bonding moments through picnics at Bixby Park. Alamitos Beach gives various options to residents who wish to have their dream homes along the alluring blue ocean.

Notable Locations:

Bixby Park
Long Beach Museum of Art
Long Beach Convention and Entertainment Center

School Information:

St. Anthony Parish School
St. Anthony High School
Stevenson Elementary School

Listings in Alamitos Beach, Long Beach, CA Investment Properties

1518 E. 3rd Street is a 22-unit apartment complex located in prime Alamitos Beach, just three blocks to the ocean and bike path. The property offers a desirable mix of (19) one-bedroom and (3) two-bedroom units. Seventeen of the 22 units are fully renovated, including new flooring, modern kitchens and baths and upgraded fixtures throughout. A majority of remodeled apartments have in-unit washer/dryers and on-site laundry is available for the remaining units. The property is in close proximity to the hip boutiques, restaurants and bars along Fourth Street/Retro Row and along the Broadway Corridor. The neighborhood is also adjacent to East Village Arts District, Downtown Long Beach and a myriad of employment opportunities. According to Niche website, Alamitos Beach ranks as the number three of 47 Best Neighborhoods for Young Professionals. Rents in this submarket are 19% higher than other Long Beach submarkets, on average. 1518 E. 3rd Street is an attractive investment asset with rental upside potential in an outstanding Alamitos Beach location with historically low vacancy rates.
1518 3rd Street E
Long Beach, California
  • 16,428 SqFt
  • 0.190 Acres
We are proud to present 1142 E. 1st Street Apartments.  The property presents investors with an opportunity to acquire a turn-key investment with market rents and an attractive 4.9% CAP rate.  The property is a 8,960 Square Foot building set on an lot of 8,222 square feet that consists of (12) One Bedroom/ One bathroom units and (2) Two Bedroom/ One Bathroom units, 4 garages, 3 parking spaces parking to tenants as well as on-site laundry.   All the units have been fully renovated with new modern kitchens, bathrooms, hardwood floors, tile kitchens and bathrooms, and all new appliances.  Some units have the laundry equipment in the units.

The building is located in the trendy Alamitos Beach neighborhood and walking distance to the beach as well as numerous cafes, restaurants,
boutiques and parks.

The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion.  An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019.  The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi family residential units.  Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
1142 1st Street E
Long Beach, California
  • 8,960 SqFt
  • 0.189 Acres
We are pleased to present 825 E Ocean at the corner of Ocean/Alamitos. Comprised of two 2 bed/2 bath units, one 1 bed and a studio, this trophy property is the gateway to the emerging Downtown Long Beach. The property offers tenants a vibrant lifestyle that includes an onsite courtyard and two garage spaces. Upgraded electrical and plumbing and unit renovations. We are offering a true 4.17% cap rate on Ocean Blvd.
825 Ocean Boulevard E
Long Beach, California
  • 3,750 SqFt
  • 0.094 Acres
1249 E. 3rd Street is a six-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach.  Originally built in 1923 and extensively renovated in 2016, the property has been tastefully upgraded throughout, including new flooring, cabinets, quartz countertops, appliances, fixtures, and more.  The majority of the units offer outside patio space, and all units have on-site parking, a rarity for the area.  Tenants will also enjoy the close proximity to the beach, marina, Downtown Long Beach, and Retro Row, collectively offering the very best dining, retail, and recreation options in the city.  *Highly Sought-After Alamitos Beach Location, *Close Proximity to Retro Row, Downtown & The Marina, *Extensively Renovated Interiors, *On-Site Parking For Each Unit, *Stabilized Turn-Key Asset, *Near Perfect Walk Score of 88
1249 3rd Street E
Long Beach, California
  • 3,276 SqFt
  • 0.155 Acres
This Spanish Style 7 unit bldg. located adjacent to Retro Row at 1125 E Appleton Street. The bldg. has an excellent unit mix consisting of (1) Studio (non-conforming), (4) 1 -Bedrooms & (2) Large 2-Bedrooms. The 2-bedrooms feature their own laundry rooms along with kitchen dinettes, spacious formal living rooms and large decks.  All units are separately metered for gas & electric and the bldg. also offers (3) single car garages for added income. This is a true value-add opportunity with 26% rental upside that would offer a stabilized cap rate of 6.62%.
1125 APPLETON Street E
Long Beach, California
  • 4,520 SqFt
  • 0.190 Acres
5 spacious apartment units, just blocks from the sand in the Alamitos Beach area of Long Beach!  The subject property has a fantastic unit mix of four (4) 2-Bed / 1-Bath and one (1) 3-Bed / 1.75-Bath.  Being one of the areas major employment hubs in Los Angeles County, the city of Long Beach is a solid infill location known for it's high occupancy, stable rent growth, and strong tenant base; positioned to remain an excellent multi-family housing market for years to come.
273 BONITO Avenue
Long Beach, California
  • 4,608 SqFt
  • 0.101 Acres
We are pleased to present this Historical Spanish Colonial Revival duplex, spacious townhouse-style apartments one street off the beach. Each unit has many architectural details, such as beautiful wood floors, classic fixtures, faux fireplaces, arches, wrought iron and tile. Owners unit has 2 spacious bedrooms and 2 baths, one of the baths has a jacuzzi steam spa, also a private balcony. Other apartment is a spacious 3 bedrooms and 2 baths, and a private patio. Both apartments have an eat-in kitchen, as well as a separate dining rooms and living rooms and inside laundry. Parking is 3 garages plus 3 spaces on the apron. Garage storage area. There is an separate bonus space that could make a good office or storage. Easy walk to Downtown Long Beach, restaurants, shops and the beach. The Esser House is a Long Beach Historical Landmark and is protected under the Mills Act with tax savings. This beautiful residential income property was built by William Esser, a successful Long Beach builder whose work included the original Pacific Coast Club. It is a fine example of Spanish Colonial Revival architecture and a rare opportunity to own a piece of Long Beach history. Owner may consider financing options!
1001 1st Street E
Long Beach, California
  • 3,360 SqFt
  • 0.058 Acres
Location, Location, Location, this 5 Plex is right on the Broadway Corridor, and is only 3 short blocks to the ocean, a short stroll to Bixby Park and dog park, and is also close to Belmont Shore, Thriving Downtown, East Arts Village, and easy walking to entertainment, restaurants, shopping and more.  This 1914 building is loaded with charm and character and consists of 1-2 bed 2 bath (very lofty NY style) and 4-1 bedrooms, all units have been  tastefully redone including wood look flooring, all baths and kitchens have been redone, designer paint. Many major upgrades to the exterior, including foundation work, double pane windows, all new roof, and exterior paint.   The Broadway Corridor just completed an all new street design, with bike paths,  this was a multi million dollar project.  All great tenants and seldom a vacancy (last vacancy rented in 1 day) makes this a great investment.
1513 Broadway E
Long Beach, California
  • 2,474 SqFt
  • 0.058 Acres
Rents increased $600, per month, new rental income of $5,650 will take effect in 60 days. Well located 4-plex in Alamitos Beach, 1/2 block from the beach and a few blocks from downtown Long Beach. The property is comprised of (4), large 1-bedroom/1-bath units. The rents are well below market and offer a new investor the opportunity to increase rents over 40% and immediately add value to the asset. These classic Spanish units come with hardwood flooring, spacious living rooms and dining rooms, original built-in's with extra storage. All the units are charming and in good condition. New roof in 2016!

The building is situated just steps from the ocean, but they are also adjacent to the $6 billion in new development coming to the surrounding area of Long Beach. That includes the $520 million Civic Center project, $250 million Queen Mary Island waterfront development, and $52 million Long Beach Aquarium expansion.
10 Esperanza Avenue
Long Beach, California
  • 3,440 SqFt
  • 0.053 Acres
1612 - 1618 E. Appleton Avenue is a 4-unit investment opportunity in prime Alamitos Beach, just blocks from the Ocean and Bike Path.
The building features spacious one-bedroom units, two of which have a bonus office rooms. The units have 1920's character and detailing, with hardwood flooring, crown molding, built-ins and ceiling fans. The building provides laundry income, is separately metered for gas and electric, and has a community outdoor patio. This property provides an excellent opportunity for an investor to own an easily manageable asset with 22%+/- upside potential just blocks from the beach in the most desirable rental market in Long Beach. Nestled between downtown Long Beach and Belmont Shore is the charming, popular coastal neighborhood of Alamitos Beach. The area is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to booming Downtown Long Beach and its multitude of employment opportunities.
1612 Appleton Street E
Long Beach, California
  • 3,180 SqFt
  • 0.095 Acres
This great four unit building has been meticulously cared for and includes recent complete copper plumbing, upgraded electric and fixtures, newer appliances and simple landscaping to give the future owner years of low maintenance and trouble free income.  There are (2) 2BR. 1BA units and (2) large 1BR 1BA units, all with individual laundry room including washer/dryer (tenants love this).  The units are large, over 800 square feet. Each unit includes  ceiling fans throughout, (one in each bedroom and family rooms) newer flooring, stove, refrigerator, washer, and dryer.  The two upstairs units also have private balconies. There are also two garages two open parking spaces.  Rent are under current market potential for Alamitos Beach - one of the hottest markets in Long Beach at  $78480 ($6540/mo.) with market rent at $91,500 (7625/mo.).  THAT'S A MARKET RATE GRM OF ONLY 12.8!
Unit 1237 is being left vacant for viewing  -  is available M-F 9 -4 and  it is beautiful!
The property is  located close to beach access, the convention center, restaurants, shopping, performing arts center, all kinds of entertainment, the courthouse, businesses and public transportation.
1235 Broadway E
Long Beach, California
  • 3,308 SqFt
  • 0.074 Acres
Opportunity awaits on this fantastic triplex nestled in the popular Alamitos Beach neighborhood.  The property consists of a charming Crafstman style front house with 2 bedrooms and 1 bathroom plus a duplex with a 2 bedroom, 1 bath unit and a studio unit.  There is also a garage with storage space and a washer/dryer.  With many recent upgrades and a fantastic location this home will provide a great return for an investor or owner-occupied buyer who would like to have their tenants pay the majority of their mortgage.  The entire exterior of the property was painted in October, 2018.  All three water heaters have been replaced within the last 12 months and the main water line was replaced in July, 2017.  New dual pane windows were installed in the front house as well as a brand new wall heater.  The units all have laminate flooring and upgrades in the kitchens and bathrooms. All three units are metered separately for utilities and there is laundry on-site for everyone.  The front house includes a long driveway which will allow up to three parking spaces.  The property is adjacent to popular "Retro Row" which offers several wonderful options for dining and shopping.  There is also daily free yoga on the beach just a five minute walk away as well as a dog park and a running/biking path along the ocean.  Belmont Shore, CSULB, Downtown Long Beach and the 405 freeway are just a short drive away. Make this fantastic income property yours today!
349 Hermosa Avenue
Long Beach, California
  • 2,050 SqFt
  • 0.092 Acres

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