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

Welcome to the vibrant Downtown Area of Long Beach, California, where the sun-kissed shores of Alamitos Beach meet the dynamic pulse of urban living. This thriving region is a perfect blend of coastal charm and metropolitan excitement, making it an ideal place to call home.

Downtown Long Beach is a bustling hub filled with trendy boutiques, gourmet restaurants, and lively entertainment options. Just a stone’s throw away, Alamitos Beach offers a serene escape with its golden sands and picturesque ocean views. Residents can enjoy leisurely beach walks, invigorating morning jogs, or simply bask in the sun while taking in the stunning sunsets over the Pacific.

For those with a taste for unique living spaces, the Downtown Area features an array of homes with an industrial subtype. These residences marry modern aesthetics with rustic charm, often showcasing exposed brick walls, high ceilings, and expansive windows that flood the spaces with natural light. Many of these homes are located in repurposed warehouses, offering a distinct character that appeals to those who appreciate the fusion of history and contemporary design.

Living in this vibrant community means having everything at your fingertips—from the Long Beach Convention Center to the Aquarium of the Pacific, and the bustling nightlife of Pine Avenue. With easy access to public transportation and major highways, commuting to nearby Los Angeles is a breeze.

Embrace the best of both worlds in Downtown Long Beach, where coastal serenity meets urban sophistication. Discover your dream home today in this exciting region that truly has it all!

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

$1,799,000

PW26189996 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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