CA > Long Beach > Eastside
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
Long Beach, CA 90813,816 Alamitos Avenue
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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Daniel Cuevas

Daniel Cuevas

+1(661) 878-6782
Listed by Anthony P. Walker • Buckingham Investments, Inc
$ 1,425,000
Est. payment | /mo

3,498 SqFt

Save
$ 1,425,000
Est. payment | /mo
Save

3,498 SqFt

Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Active

Purchase Type For Sale

Square Footage 3,498 sqft

Price per Sqft $407

Subdivision Eastside

MLS Listing ID SB-25066385

Year Built 1922

Lot Size 6,483 Sqft

Property Sub-Type Quadruplex

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 retention--only one turnover in 5 years--ensuring 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 Beach's $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. Don't miss this high-yield asset in a high-growth market! Contact for financials and schedule a viewing today.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBR4N

Interior

Heating Wall Furnace

Flooring Laminate, Tile

Fireplaces Type None

Laundry None

Exterior

Parking Features None

Pool None

Community Features Urban

Utilities Available Sewer Connected, Water Connected, Electricity Connected, Natural Gas Connected

View Y/N No

View None

Building

Lot Description Rectangular Lot

Sewer Public Sewer

agent-avatar

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(661) 878-6782

daniel@txveteranagent.com

2626, Cole Avenue, Ste, 300,Dallas, USA

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816 Alamitos Avenue