Downtown, Long Beach, CA Investment Properties

Downtown, Long Beach, CA Homes for Sale

About Downtown, Long Beach, CA Investment Properties

Downtown Long Beach is the center of business in Long Beach, California, since it houses the city’s major tourist attractions and municipal services. Boundaries for Downtown Long Beach area include Los Angeles River in the west, Alamitos Avenue in the east, Ocean Boulevard in the south, and roughly 7th Street in the north. The neighborhood has an easy access to several commercial and business establishments, recreational areas, hotels, and restaurants that provide luxurious experience to its residents, visitors, and tourists. Residents can have their meetings and conventions and spend their leisure time on different facilities and attractions at the Long Beach Convention and Entertainment Center.

Residential real estate in Downtown Long Beach district includes single-family houses, townhouses, and apartments which are perfect for an urban lifestyle in the region. Each unit features one to three-bedroom and one to two-bathroom layouts. It also features spacious parking areas or garage, kitchen, and living area in contemporary to modern architectural designs. Moreover, residential areas are customized to blend with the surrounding establishments and tourist spots in the region. Downtown Long Beach has a wide variety of options to offer for home buyers who wish to reside in the alluring place of Long Beach, California.

Notable Locations:

Long Beach Convention and Entertainment Center
Aquarium of the Pacific
Cesar E. Chavez Park
Museum of Latin American Art

School Information:

Cesar Chavez Elementary School
Edison Elementary School
Jessie Elwin Nelson Middle School

Listings in Downtown, Long Beach, CA Investment Properties

360 Lime Avenue is a renovated, 42-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. The property is in the heart of the East Village Arts District of Downtown Long Beach. This neighborhood is a vibrant, eclectic pocket within the city with boutique stores, art galleries, coffee shops and restaurants. The East Village is known for its walkability, and 360 Lime provides great access to all its amenities.

The 33,949 gross square foot property consists of studio, one- and two-bedroom floor plans. Numerous units have large wrap-around patios which provide private outdoor spaces for tenants. Originally built in 1964, 360 Lime offers amenities including a communal courtyard, custom barbecues, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, vinyl floors, quartz countertops and more.
360 Lime Avenue
Long Beach, California
  • 33,949 SqFt
  • 1.840 Acres
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
1019-1027 Cedar Avenue is a 26-unit turn-key property with 14 parking garages in the up-and-coming Willmore City Historic District, just north of Downtown Long Beach. The property offers 22 one-bedroom/one-bath and 4 two-bedroom/one- bath units. All units are completely remodeled with new wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, new bathroom vanities, and modern lighting and fixtures throughout. The building also features 14 garages, a community courtyard with BBQ and dining facilities and on-site laundry facilities. This property is in very close proximity to all of the exciting amenities and employment opportunities in Downtown Long Beach. This location is popular for commuters because it offers easy access to the 710 and 405 freeways as well as the Metro Blue Line which runs between Downtown Long Beach and Downtown Los Angeles, with 22 stops along the way. 1019-1027 Cedar Avenue offers an investor the opportunity to own a completely remodeled, turn-key asset in a growing area adjacent to booming Downtown Long Beach. Willmore is one of Long Beach's oldest neighborhoods, located on DTLB's western edge and bordering the L.A. River. Here you'll find a large concentration of turn- of-the-century homes. The Willmore neighborhood reflects Long Beach's past, present and future.
1019 Cedar Avenue
Long Beach, California
  • 15,566 SqFt
  • 0.338 Acres
445-455 Rose Avenue is a beautifully-renovated, 16-unit investment asset in the highly popular 4th Street / Retro Row neighborhood. The property consists of two buildings with mid-century architectural lines, surrounding a landscaped central courtyard on an approximately 13,000-square-foot lot. The property offers an ideal mix of (4) three-bedroom / 2 bath, (8) two-bedroom / two-bath, and (4) one- bedroom / one-bath units. These apartment homes are bright and sizable, with open floor plans. Fourteen of the units are completely remodeled to a high standard, with wood laminate flooring, custom cabinetry, quartz countertops, stainless steel appliances, and designer lighting and fixtures throughout for clean, modern interiors that appeal to a young urban professional demographic. The property features a stunning central courtyard with gas-plumbed BBQ and built-in seating. The distinct mature shade tree coupled with young olive trees, aloe plants and succulents give the courtyard a high-end residential backyard atmosphere.
445-455 Rose Avenue sits in the heart of the 4th Street / Retro Row area which offers residents a multitude of unique shopping, dining and nightlife within blocks. From its mid-century detailing to its high-end residential ambiance, it has been carefully crafted to create a highly appealing and marketable rental asset. It provides an investor with an opportunity to own a very attractive asset with remaining upside potential on renovated and non-renovated units.
445 Rose Avenue
Long Beach, California
  • 13,600 SqFt
  • 0.153 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
Great Investment Property.  This property is located in Downtown Long Beach, East Village Area. A total of 11 residential units, Six - 1 bedroom 1 Bath units, One - 2 bedroom 2 bath unit, Three - Studios and One - 3 bedroom 2 bath unit. All units are individually metered for gas and electricity. Property is tenant occupied and will be sold with tenants. Less than 2 miles to Shoreline Village, the Pike Outlets and the Aquarium of the Pacific.  Near restaurants, shops and more.
621 6TH Street E
Long Beach, California
  • 8,136 SqFt
  • 0.171 Acres
420 Orange is a sensational, fully rehabbed, turnkey, 11 unit, value add, apartment building:
Large open floor plans, Oak hardwood flooring, classic kitchen & bathroom tile, original crown moldings throughout,
deep built in closets, vintage cabinetry, each unit is individually metered with newer electrical/electrical panel,
EQ retrofit. Laundry room, 11 garages, 26 total parking spaces, a rare find in this heavily impacted parking area. With a
highly desirable unit mix (7, two beds & 4, one beds) and exquisite design, this building is a must for any investors
portfolio. Located in the highly sought after neighborhood of Alamitos Beach. Alamitos Beach is arguably the fastest
growing neighborhood in Long Beach due to Its close proximity to the best of what Long Beach has to offer. Nestled
alongside the Ocean, and neatly positioned between Belmont shore and Downtown. This location makes for a short
walk or drive to restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and
much more.
420 Orange Avenue
Long Beach, California
  • 8,672 SqFt
  • 0.412 Acres
Turnkey asset, fully renovated, operating just below a 5% Cap. 1106 Pacific Ave. is a beautiful, 12-unit asset in Downtown Long Beach made up of (10) 1-bed/1-bath and (2) 2-bed/1-bath units.
The property was completely remodeled in 2019 with all new gas and sewer lines, new electrical, new flooring, and brand-new kitchens and bathrooms. The exterior of the property was fully re-painted as well as beautifully landscaped with all new flower beds and new turn. 1106 Pacific Ave. comes with (6) garages as well as an on-site laundry room, providing room for additional income. Every unit is currently receiving near top of the market rents, providing stable cash flow for the new owner.
This is the perfect opportunity for any buyer or exchange buyer looking to own a pristine, stabilized, cash flowing asset in the rapidly growing city of Long Beach. Do not miss out to own a piece of one of Southern California's last affordable beach communities.
1106 Pacific Avenue
Long Beach, California
  • 8,203 SqFt
  • 0.172 Acres
Turnkey non-rent controlled apartment complex comprised of 13 spacious (1 Bed + 1 Bath) units averaging 600 SF each located in vibrant Downtown Long Beach.  Current ownership has remodeled 100% of the unit interiors with high end modern finishes and fixtures, all of which were permitted through the City of Long Beach.  The majority of units are now leasing for $1595 enabling a Buyer to capture a 5.32% Cap Rate by leveling rents.  The Downtown area has become one of the most soft after sub-markets in Greater Los Angeles for institutional capital due to its coastal location and business friendly climate, which has led to significant rent growth and high occupancy levels over the past few years.  There are (6) on-site garages renting for $150/mth each, a common laundry facility and a beautifully landscaped courtyard including a permitted stainless steel BBQ for tenants to enjoy.
939 Pacific Avenue
Long Beach, California
  • 7,836 SqFt
  • 0.172 Acres
CASH COW AND ADDED VALUE PROPERTY.  By reviewing the rent rolls a Savy Investor will discover extremely high Gross Scheduled Income and a very favorable low Gross Scheduled Margin.  This 13 unit listing sits on 2 side-by-side parcels and is being sold as one purchase. 1233 Daisy has 9 units and 1245-1247 Daisy has 4 units and as a result, the new owner will be buying a city block. This can be well seen in the Drone Video Virtual Tour. Each parcel has its own separate courtyard that is enjoyed by the tenants and a 1 community laundry room that provides extra income.  The two properties have been modified to blend together for easy management. The entire complex has a very low vacancy rate due to the quality of the building condition and is located close to Long Beach's major transportation corridors. Property has been professionally managed to maintain high maintenance  standards and low tenant turnover
1233 Daisy Avenue
Long Beach, California
  • 5,682 SqFt
  • 0.101 Acres
10 Unit with 4 Garages and Laundry Room
1205 Magnolia Avenue
Long Beach, California
  • 0.197 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
We are pleased to present a six-unit multifamily community located in the excellent rental market of Downtown Long Beach, California. Built in 1931, the property has approximately 5,212 rentable square feet on an 8,212-square foot lot. Located on a quiet street, the building has a great unit mix of two studios, two one-bedroom / one-bathroom units, and two two-bedroom / two-bathroom units. The subject property has ample parking for tenants convenience.
 
The property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of-ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $3.3 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed late 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.
836 Linden Avenue
Long Beach, California
  • 5,212 SqFt
  • 0.180 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
Great mixed use investment opportunity in the heart of Long Beach’s Craftsman Village Historic District. This two parcel bundle is loaded with possibility .The front unit at 1227 7th street has potential to be a store front or office with live in space or utilized as a 3 bedroom 1bath unit with backyard/patio area. Just adjacent to the front unit is the duplex located on Toledo Walk. This is an adorable little street lined with charming street lights and historic craftsman units. Unit 709 has 2 bedrooms, one bath and patio, while unit 711 is a 1 bedroom, 1 bath. All units are tenant occupied (shop is incorporated into the house currently as a bedroom), increasing potential profitability. Both of the duplex units has been extensively remodeled and updated with modern fixtures and features.  Upside potential for rents as well.  Both properties are zoned LBCNR which is a great addition to your property portfolio. Located in one of Long Beach’s premier rental markets residents enjoy the convenience of local shops, restaurants, schools and easily accessible public transportation. Don't miss out on this great income opportunity
1227 7th Street E
Long Beach, California
  • 2,072 SqFt
  • 0.094 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
This newly renovated 6 unit building is a strong investment opportunity. Located in the North Alamitos Beach neighborhood of Long Beach, all 6 units were completely remodeled down to the studs and have new floors, kitchens, countertops, bathrooms, appliances and laundry inside. Each unit is a 1 Bed, 1 Bath with all the quality finishes pictured here. Included are 4 rent-producing garages with new garage doors and fresh paint throughout. This is a great income property currently operating at a Cap rate of 5.4% and reliable occupied tenants with long term 12 month leases. Property is a short drive from a robust downtown area with shopping and theaters, Alamitos Beach, the historic Queen Mary, the convention center, colleges, golf courses and freeways. Please do not disturb tenants. Contact agent for showings. Thank you!
1130 Hellman Street E
Long Beach, California
  • 2,640 SqFt
  • 0.136 Acres

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