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 living meets coastal charm. Nestled in the heart of Los Angeles County, this dynamic neighborhood is a blend of cultural diversity, modern amenities, and picturesque waterfront views. Just a stone's throw away, Alamitos Beach offers a serene escape with its golden sands and inviting waves, making it the perfect spot for sunbathing, beach volleyball, or simply enjoying a leisurely stroll along the shore.

The Downtown Area is a hub of activity, boasting an array of trendy restaurants, chic boutiques, and lively entertainment options. Whether you're exploring the local art scene, catching a concert at the iconic Long Beach Arena, or enjoying a meal at one of the many waterfront eateries, there's always something to keep you engaged.

For those seeking a unique investment opportunity or a multi-generational living arrangement, the triplex homes in this area are an exceptional choice. These properties not only offer the potential for rental income but also provide the flexibility of living in one unit while renting out the others. With the vibrant atmosphere of Downtown and the relaxing allure of Alamitos Beach just moments away, triplex homes here are perfect for families, investors, or anyone looking to embrace the Long Beach lifestyle.

Imagine waking up to the sound of waves and the smell of ocean air while being just steps away from the bustling heart of the city. Discover the charm of triplex living in Long Beach today, and experience the best of both worlds!

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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