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We are pleased to exclusively offer for sale this 3 Unit multi-family investment located in the vibrant 90802 submarket of Long Beach. This large 3,642 SF triplex is steps away from 4th Street and strategically positioned near Retro Row. This is the first time the property has been on the market in 20 years and the unit interiors have been meticulously maintained representing a true pride of ownership asset. In addition to the building’s excellent location, one of the features is (2) generously sized 2 bedroom/1 bath units and (1) large 1 bedroom/1 bath unit. Further, the 1 bedroom back unit contains a spacious patio and gazebo – idyllic for all residents. Along these lines, the property presents itself as an excellent owner user opportunity for buyer(s) looking to live in one unit while utilizing the income from the other (2) to offset their annual debt service. Each unit is separately metered for gas and electricity, lowering overhead costs for the owner. As it stands, the offering presents strong day 1 income with a current CAP Rate of 4.45% and future upside given the areas excellent rental demand. In addition, the tenants have access to a garage and elongated driveway which equates to at least (6) total parking spaces on site, which is especially significant in this parking impacted submarket. On top of this, the large back yard is ideally suited to build ADUs for investors looking to increase their annual cash flow.All in all, the building’s proximity to Retro Row and the vast dining, shopping, and entertainment options therein provides much optimism for continued rent growth and appreciation within the submarket in both the near and distant future, as housing demand and economic stability are two of the main drivers in investment real estate.
Property Type(s):
Residential Income
| Last Updated | 3/26/2025 | Tract | Alamitos Heights (AH) |
|---|---|---|---|
| Year Built | 1930 | Community | Belmont Heights, Alamitos Heights |
| Garage Spaces | 1.0 | County | Los Angeles |
Additional Details
| AREA | Belmont Heights, Alamitos Heights |
|---|---|
| FIREPLACE | Yes |
| GARAGE | Concrete, Direct Access, Driveway, Driveway Level, Garage, Paved, Yes |
| LOT | 6276 sq ft |
| LOT DESCRIPTION | Back Yard, Front Yard, Garden, Landscaped, Lawn, Near Park, Near Public Transit, Rectangular Lot, Yard |
| PARKING | Concrete,Direct Access,Driveway Level,Driveway,Garage,Paved |
| POOL DESCRIPTION | None |
| SEWER | Sewer Tap Paid |
| STORIES | 2 |
| SUBDIVISION | Alamitos Heights (AH) |
| UTILITIES | Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected |
| WATER | Private |
| ZONING | LBR1N |
Location
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Listed with Lyon Stahl Investment Real Estate, 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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