CA > Long Beach > Eastside (Es)
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
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$1,425,000
Est. payment /mo
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15 Beds
5 Baths
Price Dropped by $25K

816 Alamitos Avenue Long Beach, CA 90813

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Patty Doyle

Patty Doyle

+1(619) 886-0321

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB25066385

Bedrooms 15

Property Sub-Type Res Income 2-4 Units

Property Description

Rare opportunity to own a cash-flowing 4-plex in the heart of Alamitos Beach, Long Beach! This well-maintained property features 4 spacious, oversized units with exceptional tenant retentiononly one turnover in 5 yearsensuring high occupancy and stable income. Three units have been extensively renovated with modern finishes, including stainless steel appliances, quartz countertops, updated bathrooms, and energy-efficient systems, while the fourth offers value-add potential for increased rents. The property consists of one 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. This is the lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.3X GRM on actuals and 11.2X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Expenses are low being separately metered for gas and electric. Located in an opportunity zone blocks from Alamitos Beach, Retro Row, and downtown, tenants enjoy walkability and easy access to the 710/405 freeways and Metro A Line. Long Beachs $10 billion transformation, including downtown revitalization, $3.2 billion in Port of Long Beach upgrades, and $12.5 million in 2025 infrastructure improvements, drives demand and appreciation potential. As a 2028 Olympics host city, Long Beach is poised for global attention, with event venues just 2 miles away, perfect for premium short-term rentals. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000. Dont miss this high-yield asset in a high-growth market! Con

Location

State CA

County Los Angeles

Zoning Assessor

Direction East side of Alamitos, between 7th and 10th.

Interior

Fireplace No

Exterior

View Y/N No

Roof Type Composition

Building

Story 2

Level or Stories 2

Others

Tax ID 7267025031

MLS Router / San Diego MLS
Listed by Anthony Walker Buckingham Investments, Inc

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agent

Patty Doyle

Agent | License ID: 01507441

+1(619) 886-0321

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816 Alamitos Avenue

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