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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban energy meets coastal charm. Nestled within this dynamic city, Alamitos Beach is a hidden gem that offers an idyllic blend of sun, surf, and city life. With its stunning ocean views, sandy shores, and a lively atmosphere, this area is perfect for those seeking a coastal lifestyle without sacrificing the conveniences of urban living.

In Downtown Long Beach, you’ll find a diverse array of homes that reflect the region's rich industrial heritage. Homes with an industrial subtype are particularly popular here, showcasing unique architectural features like exposed brick, high ceilings, and large windows that flood the space with natural light. These properties often combine the best of modern living with the character and history of the area, making them a sought-after choice for creative professionals and city dwellers alike.

Living in Alamitos Beach means enjoying a plethora of amenities right at your doorstep. From trendy cafes and eclectic boutiques to vibrant nightlife and cultural attractions, there’s always something to explore. Spend your weekends lounging on the beach, strolling along the picturesque boardwalk, or indulging in fresh seafood at local restaurants.

With its perfect blend of coastal beauty and urban sophistication, the Downtown Area of Long Beach, particularly Alamitos Beach, offers a unique living experience that captures the essence of California living. Whether you're a first-time buyer or looking to invest in a property with character, this thriving community is ready to welcome you home.

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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