Request More Info
Schedule a Showing
Share
Print
|
Perfect starter 4 unit property on a quiet street only blocks from the Beach and Downtown. Front one bed, one bath bungalow plus three studios in the rear. Front house full of historic character with hardwood floors, craftsman built-ins, large windows, renovated bathroom, kitchen, dining room, service porch and interior paint. Three well laid out studios in the rear with separate entrances, full sized bathrooms and kitchens. Well priced on actual income at 12.8X GRM plus a 9% upside to 11.8X GRM and over a 5% cap rate. Upgrades from 2020 on include newer electrical panels, new roof on front house, refreshed roof on back structure, full exterior paint, remodeled front house and one studio. Separately metered for gas and electric. Excellent location in Alamitos Beach just outside of Downtown Long Beach's East Village Arts District. Located on a small, quiet side street full of historic properties (not an alley like many "court" streets). Only 4 blocks to the beach, less than a block into the Downtown, and a few blocks to Retro Row. Walk Score 94/100
Property Type(s):
Residential Income
| Last Updated | 10/7/2025 | Tract | Alamitos Beach (AB) |
|---|---|---|---|
| Year Built | 1940 | Community | 4 - Downtown Area, Alamitos Beach |
| County | Los Angeles |
Additional Details
| AIR | None |
|---|---|
| APPLIANCES | Gas Oven, Gas Range |
| AREA | 4 - Downtown Area, Alamitos Beach |
| HEAT | Wall Furnace |
| LOT | 2544 sq ft |
| LOT DESCRIPTION | Rectangular Lot |
| POOL DESCRIPTION | None |
| SEWER | Private Sewer |
| STORIES | 2 |
| SUBDIVISION | Alamitos Beach (AB) |
| UTILITIES | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
Location
Contact us about this Property
| / | |
| We respect your online privacy and will never spam you. By submitting this form with your telephone number you are consenting for Carie Webber to contact you even if your name is on a Federal or State "Do not call List". | |
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.
This IDX solution is (c) Diverse Solutions 2025.
Twitter
Facebook
Email