Downtown Area, Alamitos Beach (4) Homes with Multi Level Stories

Welcome to the vibrant Downtown Area of Long Beach, California, where the sun-kissed shores of Alamitos Beach beckon just a stone's throw away. This dynamic region is a perfect blend of urban sophistication and coastal charm, making it an ideal place for those seeking a lively lifestyle enriched by culture, entertainment, and breathtaking ocean views.

Downtown Long Beach is known for its eclectic mix of restaurants, shops, and art galleries, all set against the backdrop of stunning waterfront views. Whether you're indulging in fresh seafood at a local eatery or taking a leisurely stroll along the scenic promenade, the energy of this bustling area is infectious. The nearby Alamitos Beach offers a serene escape, where you can soak up the sun, enjoy beach volleyball, or take a refreshing dip in the Pacific Ocean.

For homebuyers, the Downtown Area presents an enticing opportunity with its multi-level story homes. These residences not only maximize living space but also offer unique architectural designs that capture the essence of coastal living. Imagine waking up to panoramic views of the ocean or the city skyline from your private balcony. With spacious layouts and modern amenities, these homes are perfect for families, professionals, and anyone who values both comfort and style.

Embrace the Long Beach lifestyle in the Downtown Area, where every day feels like a vacation, and your dream home awaits. Whether you’re looking for a chic urban retreat or a family-friendly abode, this vibrant community has something for everyone. Come discover the magic of Long Beach, where coastal living meets urban excitement!

Newest Downtown Area, Alamitos Beach (4) Homes with Multi Level Stories

$1,250,000

3 Beds ⋅ 2 Baths ⋅ 26856719 MLS ⋅ Active Status

Versatile and turn-key investment opportunity at 530 Almond Ave. This Long Beach DUPLEX has been thoughtfully updated and remodeled, offering a fresh, modern aesthetic across both units. Whether you're looking for a savvy addition to your portfolio or a property with built-in income potential, this one delivers. The property is currently performing well, with a front 3BD + 2BA house fully remodeled with a spacious and bright living room, dining area, renovated bathrooms and fully equipped kitchen with brand new LG appliances with fridge, stove, microwave, dishwasher and garbage disposal, as well as new countertops, new cabinets, new fixtures. Additional features include new recessed lighting, new vinyl flooring, covered one car garage, gated driveway with space for 3 cars, central AC on the front unit and a washer and dryer room in unit. All plumbing, electrical and HVAC systems have been upgraded. Relax outside and enjoy a large backyard area with new landscaping already occupied by tenants paying excellent rents, providing immediate cash flow from day one. The second unit is a 1BD + 1BA upstairs unit sitting above the garage on a separate building and remodeled with a mini split A/C unit. In addition to the two primary units, the property features a non-conforming studio situated below the 1BD unit, offering even more flexibility for creative use or additional workspace. Spacious backyard on an expansive lot with room for an ADU or additional improvements. The property includes a garage and a spacious driveway with enough room to accommodate multiple vehicles comfortably. With its stylish finishes, updated systems, and significant income potential, this is a standout opportunity to own a high-functioning property in a vibrant location. One bedroom unit and non conforming studio to be delivered vacant! Main house is tenant occupied and shown with accepted offer only.

530 Almond Avenue, Long Beach

$549,700

2 Beds ⋅ 2 Baths ⋅ PW26136007 MLS ⋅ Active Status

FHA & VA APPROVED! Welcome to 838 Pine Ave #215, a beautifully updated 2-bedroom, 2-bath condominium in the heart of Downtown Long Beach offering affordability, convenience, and modern upgrades. This move-in ready residence features recent improvements, making it an excellent opportunity for first-time buyers, veterans, investors, or anyone seeking low-maintenance living in a vibrant urban setting. Just added, Brand new luxury carpet throughout the unit. A newly installed HVAC system offers year-round comfort and energy efficiency, while the kitchen has been refreshed with eggshell white painted cabinetry and updated hardware, giving the space a modern and welcoming look. The FHA and VA approval of the community is a significant advantage, providing buyers with expanded financing options that are often difficult to find in condominium communities. Whether you're purchasing your first home, utilizing VA benefits, or looking for a property with strong long-term value, this approval adds flexibility and accessibility. Additional highlights include two assigned parking spaces within the secure community garage, in-unit laundry, and beautiful neighborhood, city, and ocean views. Ideally located near the Long Beach waterfront, Shoreline Village, The Pike Outlets, Pine Avenue dining and entertainment, public transportation, and major commuter routes, you'll enjoy the best of coastal city living right outside your door. Spend weekends exploring local restaurants, coffee shops, waterfront attractions, beaches, and all that Downtown Long Beach has to offer. If you've been searching for a turnkey condominium with major system upgrades already completed, FHA and VA financing eligibility, two parking spaces, and an unbeatable Downtown Long Beach location, this is an opportunity you won't want to miss. Move right in and start enjoying the Long Beach lifestyle today. This version stays under MLS limits, highlights the FHA/VA approval, two parking spaces, in-unit laundry, and ocean views, which are the biggest buyer hooks for this price point.

838 Pine Unit 215, Long Beach

$269,000

1 Baths ⋅ RS26117005 MLS ⋅ Active Status

Welcome to the historic Willmore, where the elegance and charm of the Hollywood Twenties come alive. This private and well-maintained second-floor residence offers a peaceful retreat while placing you in the heart of vibrant Downtown Long Beach.Step through the stunning vintage lobby and experience the timeless character that has made the Willmore, a local landmark. Enjoy abundant natural light from the community solarium, relax in the inviting common areas, or entertain guests on the spectacular rooftop terrace complete with panoramic city views. This move-in-ready home is ideally located within walking distance of the beach, restaurants, shopping, entertainment, and public transportation. Whether you're seeking a stylish urban residence or an attractive investment opportunity, this property delivers exceptional value and convenience. HOA dues include all utilities, making ownership simple and predictable. Secured parking is available, and convenient access to the 710 and 405 Freeways makes commuting throughout Southern California a breeze.

315 W 3rd Unit 212, Long Beach

$2,419,000

6 Beds ⋅ 14 Baths ⋅ 26825645 MLS ⋅ Active Status

PRICED TO SELL AT 9.4 GRM & 6.7% CAP WITH UPSIDE TO 7.1% CAP. 14 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7%). The property is professionally managed and well maintained. EARN OVER 9% CASH ON CASH AGAINST IN-PLACE RENTS. Some units have updated kitchens, baths and flooring. The property also just received updated landscaping and paint. The building features and excellent unit mix for the area and is located blocks from $8BB worth of redevelopment in the Down Town Long Beach area. There is no onsite parking but there is onsite laundry. The electrical is Siemens - it's a 200 AMP main panel with 30 AMP subpanels (Buyer to verify). Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The City of Long Beach also just approved a $38MM makeover of the Long Beach Airport in preperation for the 2028 Olympics. Qualfied Buyers can get a new loan at 5.40% Fixed for 5 years, Interest Only.

1217 Cedar Avenue, Long Beach

$1,050,000

2 Beds ⋅ 6 Baths ⋅ 26676253 MLS ⋅ Active Status

1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense ratio, producing a current NOI of $70,569 with a clear path to $92,263 at pro forma rents. The property consists of one two-bedroom one-bath unit and five studios across 2,773 square feet of building on a 6,187 square foot lot. All six units are occupied with tenants paying gas and electric, and the building features an on-site laundry facility and garage parking for the two-bedroom unit. Studios are currently averaging $1,272 per month against a market rent of $1,600, representing an 18% rental upside that a new owner can capture through natural turnover with no heavy lifting required. At pro forma rents the GRM compresses to 8.45 and the cap rate expands to 8.39%, both favorable against comparable sales in the submarket which are averaging a 6.09% cap rate and 11.06 GRM. For the value-add investor seeking strong in-place cash flow with meaningful upside ahead, 1081 Cherry Avenue delivers day-one income, a below-market rent profile with room to grow, and the kind of returns that get stronger over time as rents are pushed to market through natural turnover.

1081 Cherry Avenue, Long Beach

$3,697,000

9 Beds ⋅ 19 Baths ⋅ 26659109 MLS ⋅ Active Status

Priced to sell - 9.5 GRM and 6.4% CAP. EARN OVER A 9% CASH ON CASH RETURN AGAINST IN PLACE RENTS. 19 units located blocks from Downtown Long Beach in the Historic District. All units were completely redone in 2018/2019 and are beautifully remodeled. The interior hallways were redone as well and the Seller spent over $400K on CAP EX. New Water Heater in 2023 and over 100 feet of sewer line replaced. No work remains to be done. The building is a two-story walkup with no onsite parking, however, there are parking structures within blocks that tenants can rent from. The building also features onsite laundry in the basement. The building offers an excellent unit mix of Studio, 1 and 2 bed units. The property is Professionally Managed and very well maintained and features onsite laundry. It features a Walk score of 95 and is located just blocks from the bars and restaurants in Downtown Long Beach on Pine Ave. The building is master-metered for all utilities and a new owner could implement a RUBS program increasing the returns. Downtown Long Beach is in the middle of an $8BB Redevelopment with brand new Class A apartments and retail being developed within blocks of this location. Qualified Buyers can put down as little as 27%. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is undergoing a $37MM remodel for the 2028 Olympics.

444 Chestnut Avenue, Long Beach

$899,000

1 Beds ⋅ 1 Baths ⋅ 26645179 MLS ⋅ Active Status

In the Heart of Alamitos Beach, in the highly desirable Willmore Historical District. This exceptional multi-unit commercial property in Long Beach (90813). The property is currently operating as a thriving herbal retail store. The property features three distinct spaces offering versatile uses and strong investment potential.The primary stand alone commercial unit (702) boasts an expansive open floor plan ideal for retail, a coffee shop, gym, or office space, plus an exclusive-use outdoor patio. Recent upgrades include new recessed lighting, fresh paint, a tankless water heater, a break room, and a renovated restroom.The second commercial space (712) offers prominent street level frontage with an open layout, perfect for high visibility retail or service businesses. The spacious second floor residential unit (714) features beautiful hardwood floors and provides excellent rental income potential or owner occupancy options. The two commercial units are occupied by the same tenant.

702 CEDAR Avenue, Long Beach

$4,746,700

7 Beds ⋅ 25 Baths ⋅ 25618923 MLS ⋅ Active Status

PRICED TO SELL. Under 10 GRM and 6.0% CAP. 25 units in the heart of Downtown Long Beach. Excellent unit mix for the area. Well-maintained and professionaly managed property. Property is subject to AB 1482 Rent Control (5% + CPI increase allowed). The building is blocks from over $8BB in redevelopment including the new Library and many new apartment complexes and restaurants. All unit interiors and common areas heavily updated. The buildings electrical was updated to a 400 AMP main panel and 60 AMPS in each unit and the roof was replaced in 2020. The building was also retrofitted in 1989. New laminate flooring throughout the common areas. Onsite laundry in the basement area. There is a separate house in the rear that has 2 large units - a 3 bed/1 bath and 1 bed/1 bath unit. Loan quote provided by David Guevara. Momenta Capital Group. Qualified Buyers can put as little as 28% down and earn over an 8% cash on cash return against in-place rents. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL.

330 Cedar Avenue, Long Beach

$475,000

2 Beds ⋅ 2 Baths ⋅ 25599787 MLS ⋅ Active Status

This charming two-bedroom, two-bathroom condo offers 1,073 square feet of living space and a cozy yet open-concept feel. The spacious kitchen and living room lead out to a private balcony, perfect for enjoying city views. Located in a community with security features, residents can also take advantage of a rooftop pool and spa, adding an extra touch of luxury. The property is ideally situated near a variety of restaurants, parks, waterfront activities, and entertainment options, with a short walk to the park or beach. It's the perfect blend of comfort, convenience, and charm.

640 W 4th Street Unit 205, 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.