Downtown Area, Alamitos Beach (4) Homes with Triplex Subtype

Downtown Area, Alamitos Beach (4) Homes with Triplex Subtype

Welcome to the vibrant Downtown Area and Alamitos Beach in Long Beach, California—a charming coastal community that perfectly blends urban sophistication with beachside relaxation. This region is a true gem in Los Angeles County, offering a unique lifestyle that appeals to both young professionals and families alike.

Downtown Long Beach is a bustling hub filled with trendy cafes, eclectic shops, and a thriving arts scene. Stroll along the picturesque waterfront, where you can enjoy stunning views of the Pacific Ocean and the iconic Queen Mary. The area is also home to a variety of cultural events, festivals, and a lively nightlife, ensuring there’s always something exciting happening just around the corner.

Alamitos Beach, a short distance away, offers a more laid-back atmosphere with its sandy shores and inviting ocean waves. This beachside neighborhood is perfect for those who appreciate outdoor activities, from sunbathing and beach volleyball to kayaking and paddleboarding. With its close-knit community feel, Alamitos Beach is ideal for families and individuals looking to enjoy a serene coastal lifestyle without sacrificing the conveniences of urban living.

For those seeking investment opportunities, the Downtown Area and Alamitos Beach feature an array of triplex homes. These multifamily properties provide an excellent chance for homeowners and investors alike to capitalize on the growing demand for rental units in this desirable region. With three units under one roof, triplex homes offer flexibility, whether you're looking to live in one unit and rent out the others or simply expand your investment portfolio.

Discover the charm of Downtown Long Beach and Alamitos Beach—where coastal living meets urban excitement!

Newest Downtown Area, Alamitos Beach (4) Homes with Triplex Subtype

$2,100,000
PW26186315 MLS Active Status
1317 E. 1st Street presents a rare opportunity to acquire a fully renovated triplex in the heart of Alamitos Beach with a unique combination of residential quality, strong in-place income, exceptional parking and owner-occupancy potential. The property has undergone an extensive renovation program totaling ~$375,000, including the complete rebuild of all three residential units. The improvements have created modern, highly competitive residences while substantially reducing the deferred maintenance and near-term capital expenditure. Situated on an 8,263-square-foot lot, the property consists of three separate residences totaling 2,367 square feet: (1) spacious 1,300-square-foot 3BD/2BA main residence; (1) 650-square-foot 1BD/1BA unit; and (1) 417-square-foot studio. A significant competitive advantage is the property's eight off-street parking spaces, including five alley-access garages and three driveway spaces—an exceptional amenity in highly parking-impacted Alamitos Beach. In addition to enhancing tenant appeal and marketability, the five garages provide a meaningful ancillary income stream with additional upside potential. The combination of extensive parking and garage income differentiates the property from competing coastal rental properties while providing an additional source of revenue beyond residential rents. The property's full-sized 3BD/2BA main residence creates a compelling opportunity for an owner-occupant seeking the lifestyle and privacy of a traditional home while benefiting from supplemental rental income. Thoughtfully remodeled with owner occupancy in mind, the front residence offers 1,300 square feet of living space, generous common areas, and ample parking. A separate basement provides valuable additional storage. Meanwhile, the two additional residences and five private garages provide multiple income streams that can help offset mortgage and operating costs. This combination of residential comfort, privacy, parking and income potential is particularly difficult to replicate in a prime coastal neighborhood. Located in the heart of Alamitos Beach, the property benefits from immediate access to the beach and bike paths, Downtown Long Beach, and an extensive collection of neighborhood dining, retail and entertainment amenities. With a 94 Walk Score, the neighborhood offers the highly walkable, beach-oriented lifestyle that continues to drive renter demand and premium rents.

1317 E 1st, 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.