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

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

**Discover the Vibrant Charm of Downtown Alamitos Beach, Long Beach, CA**

Nestled along the stunning coastline of Long Beach, California, the Downtown area of Alamitos Beach is a vibrant hub that perfectly blends urban living with beachside relaxation. Known for its picturesque views and lively atmosphere, this neighborhood is a hidden gem that offers a unique lifestyle for residents and visitors alike.

The allure of Alamitos Beach lies not only in its scenic beauty but also in its diverse community and rich cultural offerings. Stroll along the sandy shores, enjoy the local art scene, or indulge in the eclectic dining options that range from quaint cafes to upscale restaurants. The area is also home to beautiful parks and recreational spaces, making it an ideal locale for outdoor enthusiasts.

For those looking to invest in real estate, the Downtown Alamitos Beach area presents a fantastic opportunity, particularly with its charming triplex homes. These triplex properties offer a unique investment potential, allowing homeowners to live in one unit while renting out the others. This dual-income strategy is perfect for those looking to maximize their investment while enjoying the vibrant lifestyle that Long Beach has to offer.

With its close proximity to the beach, bustling nightlife, and a strong sense of community, Downtown Alamitos Beach is not just a place to live; it’s a lifestyle. Whether you’re a first-time homebuyer or an experienced investor, this area promises a blend of comfort, convenience, and coastal charm that is hard to resist. Come discover your dream home in this enchanting coastal paradise!

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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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.