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 charm meets coastal beauty! Nestled in the heart of Los Angeles County, this dynamic neighborhood boasts a unique blend of culture, entertainment, and stunning waterfront views. Just a stone's throw away, you’ll find the serene Alamitos Beach, a perfect escape for sun-seekers and water enthusiasts alike. With its golden sands and inviting waves, this area is a true gem for those who appreciate the coastal lifestyle.

For those considering a home in this bustling yet laid-back locale, triplex properties offer a fantastic opportunity. These versatile homes not only provide ample living space but also the potential for rental income, making them an attractive option for both investors and families alike. Imagine living in one unit while renting out the others, creating a sustainable lifestyle in a thriving community.

The Downtown Area features a rich tapestry of dining, shopping, and cultural experiences, with trendy cafes, art galleries, and bustling markets just steps away. The proximity to Alamitos Beach means you can enjoy morning strolls along the shore or evening sunsets with ease.

Whether you’re drawn to the vibrant atmosphere of downtown or the tranquil allure of the beach, triplex homes in this area present a unique opportunity to embrace the Long Beach lifestyle. Come explore your future home in this enchanting region, where every day feels like a vacation!

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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