Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled within the picturesque Alamitos Beach, this region is a captivating blend of culture, convenience, and community. With its stunning ocean views, eclectic dining options, and lively arts scene, the Downtown Area has become a sought-after destination for those looking to embrace the California lifestyle.

The Downtown Area is known for its dynamic atmosphere, featuring a mix of historic architecture and modern developments. Residents enjoy easy access to beautiful beaches, parks, and the bustling promenade, making outdoor activities a daily delight. The nearby Alamitos Beach offers a serene escape with its sandy shores and inviting waves, perfect for sunbathing, beach volleyball, or simply enjoying a sunset stroll.

For those considering a home in this vibrant locale, the Downtown Area boasts a variety of stunning properties, including charming two-level homes that epitomize California living. These multi-story residences provide ample space for families and individuals alike, featuring open floor plans, contemporary designs, and often, breathtaking views of the Pacific Ocean. Imagine waking up to the sound of waves and enjoying your morning coffee on a private balcony or entertaining friends in a spacious living area that seamlessly flows into an outdoor patio.

Whether you’re drawn to the energetic vibe of Downtown or the tranquil allure of Alamitos Beach, this region offers a perfect blend of lifestyle, community, and comfort. Discover your dream home in this coastal gem and experience the best that Long Beach has to offer!

Newest Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

$2,175,000
12 Beds 11 Baths 26853651 MLS Active Status
PRICED TO SELL AT 9.5 GRM AND 6.9% CAP AGAINST IN PLACE RENTS WITH UPSIDE. 11 units in Long Beach NOT subject to rent control, only subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). Long Beach has undergone major redevelopment with over $8BB of new projects in the past few years. The property is professionally managed and well maintained with onsite laundry. The property features 10 1 bedroom units and 2 bedroom/1 bed house.10 units have been heavily updated with new paint, flooring, kitchen cabinets and bathrooms. There are 5 garages in the rear and 2 surface spaces which is an added bonus given how limited parking is in Long Beach. Additionally, a Buyer could convert the 5 rear garages to ADU's if they choose - adding another 2 units - Buyer to verify. The property features updated electrical (Buyer to verify) and plumbing has been updated as interior updates have been made. All windows are updated as well. This property is perfect for an investor looking for a building with most of the heavy lifting done. Yet there is still some upside left to a 9.1 GRM and 7.3% CAP. 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. Additionally, Long Beach Airport is going through a $37MM overhaul in preparation for the 2028 Olympics.

727 Olive Avenue, Long Beach

$3,475,000
14 Beds 14 Baths 26853641 MLS Active Status
PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents. 14 units in prime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green. The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well. Based on area rental comps, there is approximately 11% rental upside, allowing an owner to achieve a 9.35 GRM and 7.0% CAP once rents are leveled to market. 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. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.

1142 E 1st Street, Long Beach

$668,000
2 Beds 1 Baths OC26140853 MLS Active Under Contract Status
Built in 1922, this Spanish home is full of charm and character. Thoughtfully renovated over time as the owner's personal residence, every improvement reflects a genuine appreciation for the home's original architecture while creating comfortable, functional spaces for everyday living. Step inside to a light-filled living room showcasing original built-in cabinetry, rich hardwood floors, recessed lighting, and energy-efficient mini-split heating and air conditioning. The remodeled kitchen features butcher block countertops, a farmhouse sink, open shelving, stainless steel appliances, and a professional-style six-burner range with matching hood, perfect for everyday living and entertaining. Oversized windows frame vibrant bougainvillea just beyond the sink, bringing natural light and color into the heart of the home. The primary bedroom offers a flexible bonus area ideal for a home office, reading nook, or creative space. The remodeled bathroom features a subway tile walk-in shower with a built-in bench, frameless glass enclosure, tile flooring, and a classic pedestal sink. The gated front entry creates a private outdoor space perfect for sipping your morning coffee or relaxing with a good book. The backyard extends your living space outdoors beneath the shade of a mature tree. Wrapped in custom galvanized steel fencing, it offers privacy, character, and a one-of-a-kind backdrop for outdoor living. Just imagine a canopy of twinkle lights overhead, and the setting becomes pure magic. The home recently underwent extensive improvements, including fresh interior and exterior paint, recessed lighting, and a newly tiled front porch, creating a move-in-ready home while preserving its original charm and character. Located just a couple of blocks from the energy of Retro Row, you'll enjoy neighborhood coffee shops, restaurants, boutiques, and local favorites. The beach is just one mile away, with Belmont Shore and Shoreline Village close by, making it easy to enjoy some of Long Beach's best coastal destinations. A rare opportunity to own a beautifully updated Spanish home that blends historic charm, thoughtful design, and an unbeatable Long Beach lifestyle.

1014 Gaviota Avenue, Long Beach

$1,119,000
2 Beds 2 Baths BB26138525 MLS Active Status
Experience breathtaking panoramic views of the ocean, Catalina Island, the Queen Mary, the Southern California coastline, and sparkling city lights from this highly upgraded penthouse in the desirable Aqua Towers. The expansive wraparound balcony with glass railings offers front-row views of the Long Beach Grand Prix, seasonal waterfront events, and the 2028 Olympic sailing and volleyball competitions. This spacious 1-bedroom plus loft (currently used as a second bedroom) features an open, light-filled floor plan with stunning views from nearly every room. The gourmet kitchen is equipped with granite countertops, Viking stainless steel appliances, full-size in-unit laundry, and central A/C and heating. The primary suite offers a large walk-in closet and a spa-inspired bathroom with dual vanities, a soaking tub, and a separate walk-in shower. A rare bonus, this home includes a private deeded garage with a roll-up door remote plus an additional deeded parking space. Residents enjoy resort-style amenities including 24-hour concierge and security, pool, spa, fitness center with sauna, clubhouse, business centers, BBQ area, and on-site management. Located in the heart of Downtown Long Beach, you're just steps from the beach, marina, restaurants, shopping, entertainment, biking trails, the Performing Arts Center, The Pike, East Village Arts District, public transit, and the Aquarium of the Pacific. This is a rare opportunity to purchase one of Aqua Towers' premier penthouse residences with unmatched views and an exceptional coastal lifestyle.

488 E Ocean, Long Beach

$899,000
3 Beds 2 Baths SB26132854 MLS Active Under Contract Status
Built in 1914, this classic Craftsman presents an exceptional opportunity for investors, renovators, or buyers with a vision to restore a true architectural gem to its original glory. Situated on a picturesque, wide, tree-lined one-way street just blocks from the beach, this 112-year-old home is rich with timeless character and offers the perfect canvas for a stunning transformation. Many of the home's original details remain, including hardwood floors, crown molding, custom built-ins, generously sized rooms, soaring ceilings, and abundant windows that fill the interior with natural light. While the property could benefit from some TLC, it already features valuable updates such as central forced-air heating and air conditioning, an updated kitchen with rich dark cabinetry, granite countertops, stainless steel appliances, and a remodeled upstairs bathroom with dual showerheads. The spacious floor plan includes an charming living room, formal dining room, family/great room, remodeled kitchen, and a convenient ¾ bath on the main level. A grand sweeping staircase leads to three oversized bedrooms with ample closets and the updated full bath. Outside, the private fenced backyard offers plenty of space for entertaining or future enhancements. A detached single-car garage and extended driveway provide ample off-street parking. Whether you're looking to restore a historic Craftsman to its magnificent beauty or create lasting value in a highly sought-after beach-close neighborhood, this is a rare opportunity to bring new life to a home with incredible character, charm, and potential.

1130 E Appleton, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.