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

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

Welcome to the vibrant Downtown Area and Alamitos Beach in Long Beach, CA, where the sun-kissed shores meet the bustling city life. As part of Los Angeles County, this dynamic region offers a unique blend of urban amenities and coastal charm, making it a sought-after destination for homeowners and renters alike.

Homes in the Downtown Area and Alamitos Beach with the Triplex subtype truly capture the essence of contemporary living. These properties provide a rare opportunity for both investors and residents to enjoy the best of both worlds – modern design and convenient location. Whether you're looking to expand your real estate portfolio or find a stylish place to call home, Triplex homes in this area offer versatility and potential for a variety of lifestyles.

Imagine waking up to the sound of ocean waves and having the city's finest dining, shopping, and entertainment options right at your doorstep. From trendy lofts with panoramic views to cozy beachside retreats, the Triplex homes in Downtown Area and Alamitos Beach cater to diverse preferences and needs. With easy access to transportation hubs and major attractions, living in this area ensures a seamless blend of work and play.

Don't miss the chance to experience the unique charm of Downtown Area and Alamitos Beach. Explore the available Triplex homes and discover why this region is a gem on the Southern California coast.

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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