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PRICE REDUCED AND READY TO SELL AT 9.6 GRM. 8 units (all studios) in Long Beach NOT subject to local rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). NO Local Rent Control in Long Beach. Located on a beautiful, quiet, tree lined street just blocks from Downtown Long Beach. All units have been updated including new kitchens, baths and paint. Electrical subpanels were updated in 2024. The main panel is 200 AMPS (Buyer to verify). The property is professionally managed and well maintained. All units have W/Ds in them. Upside in rents to a 9.2 GRM. 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. Qualified Buyers can put down as little as 25% with excellent bank financing fixed at 5.4% for 5-years.
Property Type(s):
Residential Income
| Last Updated | 7/20/2026 | Year Built | 1923 |
|---|---|---|---|
| Community | 4 - Downtown Area, Alamitos Beach | County | Los Angeles |
Price History
| Prior to Mar 13, '26 | $1,450,000 |
|---|---|
| Mar 13, '26 - Mar 23, '26 | $1,449,000 |
| Mar 23, '26 - Mar 30, '26 | $1,448,000 |
| Mar 30, '26 - Apr 21, '26 | $1,447,700 |
| Apr 21, '26 - Jun 11, '26 | $1,447,500 |
| Jun 11, '26 - Jun 17, '26 | $1,447,000 |
| Jun 17, '26 - Jul 6, '26 | $1,446,000 |
| Jul 6, '26 - Jul 13, '26 | $1,439,000 |
| Jul 13, '26 - Jul 20, '26 | $1,429,000 |
| Jul 20, '26 - Today | $1,419,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | 4 - Downtown Area, Alamitos Beach |
| HEAT | Wall Furnace |
| LOT | 2400 sq ft |
| LOT DIMENSIONS | 2400 |
| PARKING | None |
| STORIES | 2 |
Location
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Listed with The Agency
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2026.
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