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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban charm meets coastal allure! Nestled within the heart of this bustling city, the Downtown area is a dynamic hub characterized by its eclectic mix of shops, restaurants, and cultural attractions. Just a stone’s throw away, you’ll find the captivating Alamitos Beach, a picturesque stretch of coastline that invites residents and visitors alike to soak up the sun and enjoy the ocean breeze.

The Downtown area is not just about the lively atmosphere; it also boasts a diverse range of housing options, including unique industrial-style homes that reflect the area’s rich heritage. These homes often feature exposed brick walls, high ceilings, and large windows that flood the spaces with natural light. With their open floor plans and modern amenities, they are perfect for those who appreciate a blend of contemporary living and historic charm.

Living in the Downtown Area means you’re never far from the action. Stroll along the waterfront promenade, explore the local art scene, or indulge in culinary delights at one of the many acclaimed eateries. The nearby Alamitos Beach offers a serene escape, where you can enjoy beach volleyball, picnics, or simply relax by the waves.

Whether you’re looking for a stylish loft or a spacious industrial home, the Downtown Area of Long Beach has something to suit every taste. Embrace the vibrant lifestyle and discover your dream home in this thriving coastal community!

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

$1,799,000

PW26189996 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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