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

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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban sophistication meets coastal charm! Nestled along the picturesque Alamitos Beach, this dynamic neighborhood is a treasure trove of cultural experiences, culinary delights, and stunning ocean views. With its bustling streets lined with trendy cafes, boutique shops, and art galleries, Downtown Long Beach offers a lively atmosphere that captures the essence of Southern California living.

Alamitos Beach is renowned for its sandy shores and inviting waters, making it an ideal spot for sunbathing, beach volleyball, or simply enjoying a serene sunset stroll along the coastline. The area boasts a rich sense of community, with various events and festivals held throughout the year, fostering connections among residents and visitors alike.

In this thriving locale, you’ll find an array of housing options, including beautiful duplexes that cater to diverse lifestyles. Homes with a duplex subtype provide a unique opportunity for both homeowners and investors, offering the potential for rental income or multi-generational living. These charming properties often feature spacious layouts, private outdoor spaces, and the convenience of living close to the beach and urban amenities.

Whether you’re seeking a cozy retreat or a smart investment, the Downtown Area and Alamitos Beach are perfect for those looking to embrace the California dream. Experience the best of both worlds with the vibrant city life at your doorstep and the tranquil beach just a short walk away. Discover your ideal home in this enchanting region and immerse yourself in the Long Beach lifestyle!

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

$799,000
PW26180275 MLS Active Status
A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both immediate cash flow and built-in upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale. Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this duplex checks all the boxes.

643 Elm Avenue, Long Beach

$649,000
PW26159198 MLS Active Status
This is an amazing Opportunity with FHA financing to own a well-maintained duplex featuring two units, 1007 Lewis Ave and 1009 Lewis Ave. The top unit at 1007 Lewis Ave. offers 2 Bedrooms, with an extra room that provides flexibility and is ideal for use as a home office, nursery, guest room or additional 3rd bedroom. The unit features fresh interior paint, a bright living space, and an outside washer & dryer area. The first floor unit at 1009 Lewis Ave. offers a, 1 Bedroom and 1 Bath unit, inside laundry, creating a practical layout. Both units have been refreshed, ceiling fans , counter tops & cabinets in kitchens & baths, tile and lovely wood laminate flooring. Outside there is a storage unit, security fence, and a shared backyard patio and entertaining area. This income-producing property is just minutes from the Hip East Village, Alamitos Beach, dining and public transportation. Walk to Medina's Bakery, La Bodega #2 for fresh meat, fruits and vegetables, Tacos at Chemas Place and fresh coffee and donuts at Tasty's and even a barber shop around the corner! Whether you're looking to expand your investment portfolio or occupy one unit while generating rental income from the other, this duplex presents an excellent opportunity. Both units will be delivered vacant. This will allow owner occupied in 1 unit and rent out the second unit with a new lease. Parking spaces for rent across the street at Colonia Tires and Auto Repair for $80/month.

1007 Lewis Avenue, Long Beach

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