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
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
A seamless investment opportunity - an 'easy' acquisition for a novice investor or a painless addition to a seasoned investor's portfolio.  The subject property has been extensively and elegantly rehabbed with $400,000 of capital expenditure.  The attractive, mid-century modern aesthetic attracts a discerning renter.  10 of the 16 units have been gutted and redone.  The owners, admittedly, overspent and it shows.  All new surfaces, flooring, fixtures.  You name it, it's new.  In addition to the interior rehab, the rehabbed units have had A/C installed.  On the exterior, the entire façade has been re-imaged.  Also, new windows and extensive drought-tolerant landscaping, in front and along both sides of the building.   The 1985-built, all 2 Bedroom asset, is 25 years newer than the 'average' Long Beach apartment property; IMMEDIATE UPSIDE TO A 6% CAP  WITH JUST MODEST INCREASES TO THE REMAINING 6 UNITS.
1060 OLIVE Avenue
Long Beach, California
  • 12,270 SqFt
  • 0.300 Acres
1505 East 11th Street, a 21-unit apartment building in Long Beach, California. The property is located in a dense rental area of Eastside Long Beach south of Anaheim Street and between Hoffman and Walnut avenues.  This offering presents a great opportunity for an investor to acquire an asset in good condition in a strong rental market and capture huge potential upside in rents.
The property consists of a 1964 construction building with two two-bed/one-bath, nine two-bed/one-and-one-half-bath, seven one-bed/one-bath and three studio units. The units are separately metered for gas and electricity, and the building also offers income-generating on-site laundry and garage parking.
1505 East 11th Street has been well-maintained and boasts recent improvements that include updated copper plumbing, a new mainline, new gutters, new exterior lighting, a newer roof (replaced within the past five years), and the exterior was recently repainted.
1505 11th Street E
Long Beach, California
  • 13,924 SqFt
  • 0.234 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 4.6% 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
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 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
125 Cherry Avenue is a 9-unit investment opportunity in prime Alamitos Beach, just two blocks from the ocean. The property offers a desirable mix of (2) studio units, (6) one-bedroom/one-bath units and (1) two-bedroom/1.5 bath unit. All units have been renovated with hardwood and wood-style luxury plank flooring, quartz countertops, Shaker-style cabinetry, stainless steel appliances and designer fixtures and hardware. Additional building features include secure, gated entry, bike storage racks, and a modern community BBQ/dining/entertainment courtyard. The Alamitos Beach location gives tenants close access to outdoor activities at Bixby Park and amenities at Fourth Street/Retro Row. This property provides an excellent opportunity for a new investor to own a turnkey asset in a submarket that commands rents that are approximately 19% higher on average than other Long beach neighborhoods. 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.
125 Cherry Avenue
Long Beach, California
  • 5,870 SqFt
  • 0.116 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
Two Story 10 plus 1 non-conforming unit apartment complex in the heart of Downtown Long Beach. 

5 Junior 1 Bed 1 Bath 
5 Studios 
1 Larger Non Conforming 1 Bedroom 1 Bath 

Long Term ownership with rents below market, approxiamately 35% 
Long Beach is NOT  subject to rent control

*Part of a 6 Building, 58 Unit Portfolio*
227 Lime Avenue
Long Beach, California
  • 3,424 SqFt
  • 0.086 Acres
1010 E 2nd Street is located in the prime Alamitos Beach area. This is a 1920's building with charming built-ins and finishes. It consists of eight bright and airy studio units with light upgrades to the kitchens, baths and fixtures. There is storage space for tenants to lease, onsite laundry income (laundry machines are seller owned), and the building is separately metered for gas and electric. Investors have the potential to continue seller improvements and increase rents up to approximately 10%. Within close proximity to the subject property are the Long Beach Museum of Art, Bixby Park, Broadway Corridor and 4th Street/Retro Row.
1010 2nd Street E
Long Beach, California
  • 4,160 SqFt
  • 0.107 Acres
1043 East Broadway, a well-maintained six-unit apartment building in Long Beach's popular Alamitos Beach neighborhood. The property boasts a great location just a third of a mile from the beach and conveniently near the numerous dining, shopping and entertaining opportunities in rapidly redeveloping downtown Long Beach.

The property consists of a 1923 construction building with six huge one-bed/one-bath units that average over 1,000 square feet. The units are separately metered for gas and electricity and feature recent upgrades such as granite countertops, and new sinks, showers, and toilets. Additionally, the electrical has been recently updated and the building has new copper plumbing. The property also offers a shared back patio, one single-car garage, and a storage space. 

This offering presents an excellent opportunity for an investor to acquire a well-maintained asset with a great location, highly desirable units and significant potential upside in rents.
1043 Broadway E
Long Beach, California
  • 6,552 SqFt
  • 0.095 Acres
First time on the market in over 17 years and Seller is extremely motivated.  Property is currently operating as 9 units, but shows 10 legal units on record.  Huge value-add opportunity with below market rents and a Pro Forma Cap Rate of 6.44% based on conservative market rents.  The property is comprised of EIGHT (Studios) and ONE (11+ 3 House). The house was built as two separate single family houses and legally converted into a duplex in 1999.  4 of the 8 Studios have been remodeled and the house is in good condition.  All leases are month to month and there is significant upside for a new investor by remodeling unit interiors and raising rents to market.  The house and two studios are currently vacant, allowing a Buyer to begin raising rents immediately.
707 7th Street E
Long Beach, California
  • 6,544 SqFt
  • 0.172 Acres
We are pleased to present to market 1135 East 12th Street, a 12-unit apartment building in Long Beach, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with solid in-place cash flow and potential upside in a strong rental market. 

The property consists of a 1916 construction building with 12 one-bedroom units that range from 300 to 428 square feet. Eight units have been renovated, another unit has new flooring, and all units have security gates,. The property also features on-site laundry and nine parking spaces plus two motorcycle spaces.

In addition to the renovated units, 1135 East 12th Street boasts numerous other recent improvements, including: a new roof that was installed in November 2018, a gas barbecue, earthquake bolt down and auto gas shut off, and a new valve set in the front yard that is ready for a drought-tolerant irrigation setup. As a result of the units’ smaller sizes, a new investor may enjoy low recurring utility expenses and low turnover costs. 

The property is located near the intersection of Alamitos Avenue and Anaheim Street, across from Grant Church, and just steps from Lincoln Elementary School. The property’s location conveniently near dining, retail and grocery options have earned it a great WalkScore of 89. This area is a strong rental market where over 85 percent of housing units within one mile are renter-occupied.
1135 12th Street E
Long Beach, California
  • 3,792 SqFt
  • 0.155 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
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
This is a stunningly well kept 4 unit complex consisting of large comfortable units. The building has unique finishes not typically found on investment properties of this type. The owner has lived in the property for 20 years and maintained the building to immaculate condition. Each unit has its own private patio to soak in the spectacular Southern Califonia weather year round. The building also has a shared courtyard in which tenants can gather to watch TV or just relax. With a state of the art security system and a gated entryway from the street, this is a safe and comfortable living space in a rapidly growing Long Beach real estate market.
1805 6th Street E
Long Beach, California
  • 3,746 SqFt
  • 0.084 Acres
Completely remodeled from the ground up.  

This property has brand new electric wiring and panels, new plumbing and gas lines, and all new interiors. This is a beautiful property has an absolutely perfect location, sitting only steps from the beach in Alamitos Beach and a short walk to the booming downtown Long Beach area. 

The property is comprised of (4), large 1-bedroom/1-bath units, which are receiving strong rents but still plenty of room to grow as neighbor properties are currently receiving $2,200 for their 1-bed/1-bath units. Each oversized 1 bed unit comes with hardwood flooring, granite countertops, stainless steel appliances, and large kitchens. On-site laundry room  also available. 

Not only are the Bonito Apartments 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.

Do not miss out on this chance to own a beach side, trophy asset in one of Southern California's last affordable beach communities.
17 Bonito Avenue
Long Beach, California
  • 3,166 SqFt
  • 0.049 Acres
Huge 4+ unit building complete with beautiful hardwood floors, original built-in cabinets and in the most sought after beach city of Long Beach, Alamitos Beach.1231 E 2nd St has the perfect location between Ocean Blvd and the nightlife/social scene on Broadway and 4th. It is also situated just a few blocks from downtown Long Beach and a short walk to retro-row. These oversized units can easily be converted to 2 bedroom units.  The property is comprised of (4) large 1-bedroom/1bathroom units, averaging over 1000 square feet a piece. Along with spacious living spaces, the units also boast a den off the bedroom, rare for the area. Along with the pure size and location, the units are also beautifully appointed with hardwood floors, granite counter tops, various built-ins, new windows, doors, frames, crown molding, and baseboards. Units also offer on-site laundry hook ups. Do not miss out on this chance to own a rare beach side asset in one of Southern California’s last affordable beachside communities.
1231 2nd Street E
Long Beach, California
  • 4,080 SqFt
  • 0.108 Acres

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