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Charming, turnkey, and in a prime location – this is the generational asset you have been looking for! This clean and well-maintained 8-unit property consists of six 1bed/1bath units (over 900 sqft each) and two studio units with four garages. All the units are large, allow for a ton of natural light inside, have great layouts with cool original features (like French Doors, custom built-ins, fire places, etc.). Plus, the vintage character of this classic Spanish style property has been meticulously preserved, while modern amenities have been added over time like laundry units, AC/Heating units, modern kitchens, lighting, ceiling fans, etc. in each unit. The entire property is secured, has drought-resistant landscaping, and has separate electrical and gas meters for each unit. Located within Alamitos Beach, this highly sought after neighborhood of Costal Long Beach is in close proximity to the best the city has to offer – local parks (Carroll & Bixby Park), local beaches (Alamitos & Junipero Beach), local restaurants (4th Street Corridor & Retro Row), local golf courses, public transportation, etc. Plus, this neighborhood is securely anchored by the thriving local economy that continues to grow within Downtown Long Beach. For the savvy investor, the potential may exist to convert the garages into two studio units and/or to add additional bedrooms/ bathrooms to the existing large 1bed units. Also, one might consider a short-term and/or mid-term rental strategy to boost the income even more. This perfect combination is what every tenant is looking for in this area, which keeps vacancy rates low and market rental rates as high as possible – making this a great addition to any investors portfolio!
Property Type(s):
Residential Income
| Last Updated | 10/19/2024 | Tract | Alamitos Beach (AB) |
|---|---|---|---|
| Year Built | 1923 | Community | Downtown Area, Alamitos Beach |
| Garage Spaces | 4.0 | County | Los Angeles |
Price History
| Prior to Jun 20, '24 | $3,350,000 |
|---|---|
| Jun 20, '24 - Aug 22, '24 | $3,250,000 |
| Aug 22, '24 - Today | $3,195,000 |
Additional Details
| AIR | None |
|---|---|
| AREA | Downtown Area, Alamitos Beach |
| CONSTRUCTION | Unknown |
| EXTERIOR | Lighting |
| GARAGE | Garage, Public, Yes |
| HEAT | Ductless |
| HOA DUES | 0 |
| INTERIOR | Built-in Features, Ceiling Fan(s), Multiple Staircases, Open Floorplan, Quartz Counters, Recessed Lighting |
| LOT | 6756 sq ft |
| LOT DESCRIPTION | 0-1 Unit/Acre, Back Yard, Front Yard, Landscaped, Near Park, Near Public Transit, Paved, Street Level |
| PARKING | Garage,Public |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| STYLE | Spanish |
| SUBDIVISION | Alamitos Beach (AB) |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected, Electric: Electricity - On Property,Standard |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATERFRONT | Yes |
| WATERFRONT DESCRIPTION | Ocean Side Of Highway |
| ZONING | LBR1N |
Location
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Listed with Buckingham Investments, Inc
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.
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