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

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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban sophistication meets coastal charm. Nestled within this bustling city is the picturesque Alamitos Beach, a neighborhood that perfectly embodies the quintessential Southern California lifestyle. With its stunning ocean views, sandy shores, and lively atmosphere, Alamitos Beach is not just a place to live; it's a lifestyle to embrace.

In this dynamic region, you’ll find an array of homes that cater to diverse tastes and preferences, especially if you’re drawn to the allure of apartment living. From modern high-rises boasting breathtaking ocean vistas to charming mid-century buildings that reflect the area’s rich history, the apartment options in Downtown Long Beach offer something for everyone. Many of these residences come equipped with contemporary amenities, spacious floor plans, and access to vibrant community features, making them ideal for both young professionals and families.

Living in Alamitos Beach means you’re just steps away from the picturesque shoreline, where you can enjoy leisurely strolls, beach volleyball, or simply soaking up the sun. The neighborhood also boasts an eclectic mix of shops, restaurants, and entertainment options, ensuring that you’ll never run out of things to do. With its convenient access to public transportation and proximity to downtown Long Beach’s cultural attractions, residents enjoy the perfect blend of relaxation and excitement.

Discover your dream apartment in the heart of Alamitos Beach, where the ocean breeze meets urban living, and experience the best of Southern California right at your doorstep!

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

$2,348,000
PW26163436 MLS ⋅ Active Status
Now available in the heart of Long Beach, this well-maintained 9-unit income property presents an outstanding investment opportunity. Spanning approximately 7,093 square feet of rentable space, the building is fully gated and features secure entry, onsite parking, and a functional mix of unit layouts. Several units have been thoughtfully updated with newer flooring, fresh paint, upgraded kitchens, and remodeled bathrooms, offering comfortable and appealing living spaces for tenants. The property includes a shared laundry area and benefits from low-maintenance landscaping and a clean, organized exterior. Located in a highly accessible area near major freeways, public transit, shopping centers, and local schools, this asset draws consistent tenant interest. With strong rental demand in the Long Beach market and value-add potential, this is a prime opportunity for both seasoned investors and buyers looking to build long-term wealth through real estate.

1083 Gaviota Avenue, Long Beach
$1,449,000
SW26135295 MLS ⋅ Active Status
Very well maintained, upgraded, and spacious (3816 sq. ft) (4) l bedroom units (approx. 950 sq. ft. ea.) located in the heart of the Alamitos Beach, a very desirable residential neighborhood---LOCATION/LOCATION/LOCATION !!!.....These 4 units are 2 blocks from the beach and adjacent to Bluff Park with a very high walk score.....abundant shopping/restaurants/bars/ & BEACH within EZ 5-15 minute walk. Public transportation on the corner.....E. BROADWAY. Again, a few blocks away is The EAST VILLAGE ARTS DISTRICT with historic Art Deco architecture and a mix of artists lofts, mid-century furniture stores, and sidewalk cafes like The Breakfast Bar, Berlin Bistro & others....a delightful area to enjoy eclectic food choices and good drinks. Retro Row along East 4th St. is another wonderful area....again, just a few blocks away....a large choice of restaurants/bars and great shopping opportunities with new and used merchandise offered from a variety of independently owned small establishments.....A GREAT AREA TO VISIT. The 4 unit actual rents are shown reflecting long term residents....projected numbers used for the analysis to see the fairly short term projections for a financially prudent investment property. In seller's family for almost 50 years....!!! It is a keeper property.......you will enjoy owning it!!!!

216 Esperanza, Long Beach
$2,599,000
PW26113501 MLS ⋅ Active Status
100K PROCE DROP!!! 433 W 4th Street is a rare 12-unit investment opportunity just 4 blocks from the ocean. 3 Separate buildings consisting of 4 units each with a unit mix of 10-1 bedroom / 1 bath units and 2- 2 bed/ 1 bathroom units. HUGE building Sq. Ft. 8,674 total which is approximately 722 Sq Ft. per unit these are large spacious units. Individually metered for gas, electricity and water keeps owners expenses down with tenants paying all utilities. Walking distance to Pine Avenue, restaurants, shopping, nightlife, and waterfront attractions that continue to drive demand in one of Southern California’s fastest growing rental markets. With strong rental demand, easy access to the 710 freeway, and continued redevelopment throughout Downtown Long Beach, 433 W 4th Street presents an exceptional opportunity for investors looking to acquire a coastal multi-family asset with immediate cash flow opportunity! Hurry a deal like this will not last long!

433 W 4th, Long Beach
$2,730,000
SB26114748 MLS ⋅ Active Under Contract Status
We are pleased to present 939 Pacific Avenue, a renovated thirteen-unit apartment complex located just outside the historic Drake Park/Willmore City neighborhood in Downtown Long Beach. Situated less than a block from the Corner Dog Park and a short bike ride to The Promenade and City Place Shopping Center, this property benefits from the continued revitalization of the Downtown Long Beach corridor. Tenants enjoy walkable access to retail, dining, entertainment, and major employment centers, along with excellent transit connectivity and a Walk Score of 93. The property consists of thirteen (13) spacious 1-bedroom/1-bathroom units. All units were fully remodeled prior to current tenancy with high-end finishes including quartz countertops, real wood shaker cabinetry, recessed lighting, stainless steel appliances, ceramic tile in wet areas, and new flooring. Exterior improvements include new dual-pane vinyl windows, fencing and gates, drought-tolerant landscaping, garage doors with openers, upgraded lighting, and a permitted outdoor BBQ area. New main electric panel and sub panels. Additional features include a coin-operated laundry room that generates supplemental income and a storage room that is currently unused, offering potential for added income or repurposing. The property also includes six (6) on-site garages. Priced at a 6.40% cap rate, 939 Pacific Avenue offers investors a well-maintained, improved asset in one of Long Beach’s most supply-constrained and appreciating coastal submarkets.

939 Pacific, Long Beach
$1,800,000
SB26098575 MLS ⋅ Active Status
Priced to sell at only $163k per door. This 11-unit building is located in the East Village Arts District of Long Beach. Priced with very high in-place cash flow at close with actual rents resulting in an 9.52X GRM and 6.8% cap rate. Low maintenance building with very little gardening required. This property is located only 3 blocks from the beach and within walking distance to shopping centers, medical facilities, grocery stores, and dining. Don't miss out on this incredible opportunity! Offering memorandum in supplemental materials. One unit is currently vacant.

227 Lime, Long Beach
$1,850,000
PW26094892 MLS ⋅ Active Status
9% cap rate! Beautiful craftsman bungalow with 2 units and 6 additional units available in downtown Long Beach just minutes to the beach! Discover an exceptional investment opportunity at 833 Cedar Avenue, a prominent 8-unit apartment building located in a prime area in Long Beach. This unique multi family property, just 5 minutes from the beach, boasts two buildings with a total of 6,494 square feet situated on a generous 7,506 square foot lot, offering significant rental income potential. Recent upgrades enhance this property's appeal, including 100% new plumbing installed three to four years ago and new vinyl windows throughout. The conversion to electric heaters means tenants now cover their own heating costs, as they pay for electricity. Strategically zoned LBPD10, this property benefits from one of Long Beach's most desirable and flexible planning districts, allowing for higher density development. This prime location provides residents with excellent access to downtown Long Beach amenities, shopping, dining, entertainment, and public transportation, and easy freeway access. With its robust unit count, considerable square footage (studios 655 sf), advantageous zoning, and recent improvements, 833 Cedar Avenue is an excellent acquisition for investors seeking a strong performing asset with potential for future upside in a dynamic Long Beach market.

833 Cedar, Long Beach
$2,450,000
PW26097344 MLS ⋅ Active Status
Significant Price Improvement – Premier Coastal Investment Opportunity! Pabst, Kinney & Associates is pleased to present a well-maintained 10-unit apartment community located in the highly desirable Alamitos Beach neighborhood of Long Beach. The property features an attractive unit mix of (8) one-bedroom/one-bath units and (2) two-bedroom/one-bath units, complemented by 6 single-car garages and 3 carport spaces—an increasingly rare amenity in this premier coastal submarket. Offered for sale for the first time in over 36 years, the asset has recently benefited from strategic rental increases effective July 1, 2026, bringing total current gross income to $18,089 per month (inclusive of garage income). At the newly adjusted pricing, the property operates at an attractive 5.80% cap rate on current income, with a projected 7.30% market cap rate, offering clear and measurable upside through continued rental growth. Ideally situated just blocks from the beach, as well as a vibrant mix of dining, retail, and entertainment options, the property offers a highly walkable location with consistently strong tenant demand. Additionally, the existing garage structures may present a potential opportunity for ADU conversion (buyer to verify), providing a compelling value-add component to further enhance income and long-term returns. This is a rare opportunity to acquire a stabilized, pride-of-ownership asset at a newly reduced basis in one of Long Beach’s most sought-after rental markets.

437 Bonito, Long Beach
$1,635,000
OC26090983 MLS ⋅ Active Status
1042 - 1048 East Broadway is a 5-unit multifamily property located in the Alamitos Beach neighborhood of Long Beach, California. The property features a well-balanced unit mix of 4 two-bed/one-bath units and 1 one-bed/one-bath unit, offering larger floor plans that appeal to a broad tenant base in a coastal urban setting. The asset also benefits from 2 enclosed garage spaces, a valuable amenity in a dense neighborhood where parking is limited. Ownership has completed approximately $60,000 in recent capital improvements, including roof replacements on both buildings in 2025, exterior painting in 2024, upgraded water heaters with two tankless systems in 2022, and a renovated kitchen in Unit 1042. The renovated unit features tile and wood flooring, granite countertops, shaker-style cabinetry, and updated fixtures, achieving the highest rent at the property and demonstrating the potential for interior upgrades to drive additional rental income. Situated in the desirable Alamitos Beach neighborhood, the property is within close proximity to the Long Beach shoreline, Downtown Long Beach, and the East Village Arts District. Residents benefit from convenient access to Retro Row along East 4th Street, as well as the planned Mosaic redevelopment, which is expected to further enhance the surrounding area with new residential, retail, and public space offerings. 1042 - 1048 East Broadway presents investors with the opportunity to acquire a well-located coastal asset with a strong unit mix, recent capital improvements, and demonstrated rental upside within one of Long Beach’s most active rental markets.

1042 1048 E Broadway, Long Beach
$2,650,000
DW26088637 MLS ⋅ Active Status
8-UNIT VALUE-ADD OPPORTUNITY | LEASE-UP POTENTIAL | TURNKEY CONDITION | PRIME LONG BEACH LOCATION. Welcome to 973 N Park Cir — a rare opportunity to acquire an 8-unit multifamily property in the heart of Long Beach. This updated, turnkey asset is ready for immediate occupancy, allowing a new owner to quickly place tenants and begin generating income. The property is ideally positioned for an investor to stabilize operations by securing high-quality tenants at current market rents, offering strong upside in both cash flow and overall property value. With units in move-in ready condition, this is a streamlined lease-up opportunity. Located in front of Drake Park, the property benefits from a central location with access to local amenities, schools, shopping, and dining. It is also in close proximity to Long Beach City College Pacific Coast Campus, making it an attractive option for student and workforce housing. Convenient access to the 710 and 405 freeways provides connectivity throughout Los Angeles County. This is a true value-add investment with turnkey condition, perfect for investors seeking immediate lease-up, strong rental demand, and long-term appreciation.

973 N Park, Long Beach
$1,599,000
PW26083553 MLS ⋅ Active Status
California Spanish Style in historic Hellman craftsman neighborhood. Front building extra large units. All units are 2 bed 1 bath fully occupied. Upstairs back unit newly renovated with its own yard and laundry room. Some new windows. Four garages and one with a walkthrough door. Recently painted. Garden style landscape and two gated common yards. Also see listing of same owner 1013 Daisy Ave. 3 Plex with ADU potential(please do your own diligence). Could be sold in conjunction with this listing! PW26083321

1310 E Hellman, Long Beach
$1,499,000
PW26080272 MLS ⋅ Active Status
8-unit apartment building located in Downtown Long Beach. The property features a unit mix of (6) studios and (2) 1-bed/1-bath units, all with upgraded interiors. The building has been well maintained and has upgraded electrical panels. There is also a well sized basement with potential to be converted into a common area laundry room. Located on a corner lot with good visibility and access to local amenities, employment centers, and the 710 Freeway. Downtown Long Beach continues to see new development, supporting rental demand. Opportunity for stable cash flow with additional upside through rental increases.

463 W 6th, Long Beach
$4,600,000
PW26079820 MLS ⋅ Active Under Contract Status
We are pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the city—just blocks from the beach and surrounded by vibrant dining, shopping, and entertainment. 2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value. The properties boast a Walk Score of 92 (“Walker’s Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor’s nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County. Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.

2075 E Broadway, Long Beach
Start Your Search

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.