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

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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban sophistication meets coastal charm. Nestled within this dynamic city, the Alamitos Beach neighborhood offers a unique blend of beachside living and metropolitan excitement. Known for its stunning ocean views, palm-lined streets, and a thriving arts scene, this area is perfect for those who appreciate the best of both worlds.

Alamitos Beach is a true gem, providing residents with easy access to the sandy shores of the Pacific Ocean. Imagine waking up to the sound of waves and enjoying morning strolls along the beach promenade. This community is not just about the beach; it's also home to an array of trendy cafes, boutique shops, and cultural attractions, making it a lively place to call home.

For those seeking investment opportunities or multi-generational living, the triplex homes in this area are particularly appealing. These versatile properties provide the perfect opportunity to live in one unit while renting out the others, creating a sustainable income stream. With their unique architectural styles and proximity to the beach, triplex homes in Alamitos Beach offer both charm and practicality.

Whether you’re looking for a cozy beach retreat or an investment property in a thriving community, the Downtown Area of Long Beach and Alamitos Beach have something for everyone. Embrace the coastal lifestyle and explore the possibilities that await in this enchanting part of California. Your dream home is just a wave away!

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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