Downtown Area, Alamitos Beach (4) Homes with Mixed Use Subtype

Welcome to the vibrant Downtown Area of Long Beach, California, where urban sophistication meets coastal charm. Nestled along the stunning coastline of Alamitos Beach, this dynamic neighborhood is a haven for those seeking a lively lifestyle infused with culture, convenience, and community spirit.

The Downtown Area is a bustling hub filled with an eclectic mix of shops, restaurants, and entertainment options. From trendy cafes serving artisanal brews to gourmet dining experiences, there’s something to satisfy every palate. Art enthusiasts will appreciate the numerous galleries and public installations that line the streets, while the nearby Alamitos Beach offers a serene escape with its golden sands and picturesque views of the Pacific Ocean.

For those looking to invest in a home that reflects the vibrancy of this area, properties with a mixed-use subtype are a perfect choice. These homes seamlessly blend residential living with commercial spaces, allowing residents to enjoy the best of both worlds. Imagine living just steps away from your favorite coffee shop or boutique, all while having the convenience of home right above or beside it. This unique setup not only fosters a sense of community but also provides an opportunity for entrepreneurs to thrive in a lively environment.

Whether you’re a first-time homebuyer, a savvy investor, or someone looking to downsize, the Downtown Area of Long Beach and Alamitos Beach offers a diverse array of mixed-use properties that cater to every lifestyle. Experience the best of coastal living and urban convenience—your dream home awaits in this vibrant community!

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

$900,000

SB26105694 MLS ⋅ Active Status

An Iconic Long Beach Venue Awaits Its Next Chapter Welcome to 1253 E 4th Street — a rare commercial opportunity in the heart of Long Beach's electrifying 4th Street Corridor, one of the most exciting and rapidly evolving entertainment districts in Southern California. Built in 1922, this storied 3,000 sq ft Restaurant/Tavern building sits on a 4,008 sq ft lot and carries over a century of character, community, and culture within its walls. Zoned LBCNR (Long Beach Commercial Neighborhood Retail), the property is purpose-built for food, beverage, and entertainment use. A dedicated live music stage sets this space apart from anything else on the market, purpose-built for performance and the kind of programming that turns a neighborhood into a destination. Whether you're envisioning a craft cocktail bar, a live music lounge, a creative food and beverage concept, or a hybrid entertainment venue, the infrastructure is here and the neighborhood is ready. 4th Street is having its moment. Surrounded by an influx of independent restaurants, boutique retailers, and a growing residential base, this corridor is drawing the kind of foot traffic and community investment that makes operators and investors take notice. With a walkability score of 95/100 and 11% home appreciation in the surrounding area over the last two years, the fundamentals couldn't be stronger. The timing to plant your flag here has never been better. Last sold in 1986 and family-held ever since, this is a generational asset finally coming to market. A Truly Unique Offering: Also available for sale is the single-family residence located at 421 Almond Street, situated directly behind the commercial property on Almond Ave. The owner strongly prefers to sell both lots to the same buyer, presenting an extraordinary opportunity to control a combined footprint in one of Long Beach's most talked-about neighborhoods. Live behind your business, expand your footprint, or hold both as a long-term investment — the possibilities this dual-lot package unlocks are virtually unmatched at this price point. Opportunities like this don't come back around.

1253 E 4th, Long Beach

$5,400,000

PW26120925 MLS ⋅ Active Status

PROPERTY OVERVIEW - 1980'S CONSTRUCTION. Built in 1985, Ten60 Olive Avenue is a well-maintained 16-unit multifamily asset with strong curb appeal, located in Long Beach, California. The property features all 2-bedroom / 1-bath units with ample natural light. Amenities include on-site laundry facilities and secured underground parking with 24 parking spaces. $650K IN CAPITAL IMPROVEMENTS. Ownership has invested approximately $650K in recent capital improvements, significantly reducing near-term capital requirements and enhancing overall asset stability. Improvements include: high-end interior renovations on 11 of the 16 units, double-pane windows installed throughout all units, new railings and exterior enhancements, controlled access gates, building-wide security camera system, newly sealed roof in 2024, and upgraded fire panel system. ADDITIONAL INCOME & VALUE-ADD POTENTIAL. The property offers both in-place supplemental income and identifiable opportunities to further increase revenue; Laundry Income: On-site laundry facilities provide consistent ancillary income. Potential Utility Reimbursement (RUBS): Units are individually metered for gas and electricity positioning the asset for implementation of a RUBS program for additional income. Parking Income: Current rents include one parking space per unit. The property may offer an opportunity to increase parking income without requiring additional capital investment. STABLE IN-PLACE CASH FLOW WITH UPSIDE. With substantial capital improvements completed, strong curb appeal, and additional operational upside remaining, Ten60 Olive Avenue presents a well-balanced multifamily investment opportunity in the heart of Long Beach. The property combines stable in-place cash flow with meaningful long-term growth potential through rental increases, RUBS implementation, and ancillary income opportunities.

1060 Olive, Long Beach

$1,650,000

PW26065075 MLS ⋅ Active Status

Introducing this exceptional 9-unit property located in the heart of vibrant Long Beach, CA. Positioned in one of Southern California’s most dynamic coastal markets, 617 W 3rd Street offers a compelling investment opportunity in the rapidly evolving Downtown Long Beach corridor. Just minutes from the waterfront, Pine Avenue, and the city’s major employment hubs, the property benefits from strong rental demand driven by both lifestyle and location. Long Beach continues to see sustained growth fueled by ongoing redevelopment, proximity to the ports, and accessibility to both Los Angeles and Orange County. The area attracts a diverse tenant base including young professionals, students, and long-term residents seeking an urban coastal environment with walkability and transit access. The property presents a rare opportunity for investors to capture both immediate income and future upside. The 9-unit asset consists of two 4-unit apartment-style buildings and one Craftsman single-family residence with a detached 2-car garage situated between them. Several units have been recently upgraded, and utility improvements have also been completed. The property is fully rented with a number of long-term tenants and operates at approximately a 7.33% cap rate, offering stable in-place income with additional upside potential.

617 West 3rd Street, Long Beach

$2,200,000

PW26044424 MLS ⋅ Active Status

Prime Mixed-Use Commercial Property Near Downtown Long Beach. This two-story building offers approximately 4,812 SF on a 7,578 SF lot and features a unique live/work or income-producing configuration. The lower level consists of commercial retail space, and the upper level includes a 3-bedroom 1 bath residential unit suitable for owner occupancy or rental income. Recent improvements include a new roof installed in April 2024. The property is located in a high-visibility corridor with convenient access to Downtown Long Beach and major transportation routes. Ideal opportunity for: • Owner-user (SBA potential, buyer to verify eligibility) • Investor seeking mixed-use income property • Live/work operator Buyer to verify zoning, use, square footage, and all information independently. Business sale information PW26044444

1756 Pacific, Long Beach

$2,025,000

PW26013186 MLS ⋅ Active Under Contract Status

Introducing 406–420 E 7th Street and 652–654 Elm Avenue, Long Beach, CA 90813, a rare three-building, eight-unit mixed-use property located at the corner of 7th Street and Lime Avenue. The property consists of five residential units and three commercial units spread across three separate detached structures, providing a well-diversified income stream. The unit mix includes a detached 2-bedroom, 1-bathroom single-family bungalow at 420 E 7th Street, a mixed-use building at 412 E 7th Street containing three ground-floor retail units with two second-story apartments, and a two-story residential duplex at 652–654 Elm Avenue with one unit upstairs and one downstairs. The property is zoned LBPD-30 and offers excellent visibility with 150 feet of frontage along E 7th Street and 50 feet of depth along both Linden and Elm Avenues. Located on the border of the East Village Arts District, the property benefits from strong walkability and close proximity to downtown Long Beach restaurants, retail, nightlife, cultural attractions, public transportation, and major employment centers. The property is located within the LBPD-30 Downtown Planned Development Zone, which is intended to encourage higher-density, mixed-use redevelopment and provides flexibility for future development potential, subject to City of Long Beach approvals. Financial highlights include actual gross annual income of $201,576 and a Gross Rent Multiplier (GRM) of 10.05, with potential upside through rental growth and strategic management. Due to the mixed-use nature of the asset, the property will qualify for commercial financing, typically requiring approximately 30% down payment for qualified buyers. With multiple detached buildings, diversified income streams, redevelopment potential, and a prime corner location, this property represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation.

406 E 7th, Long Beach

$2,700,000

PW25224939 MLS ⋅ Active Status

Great Investment Property!! Consist of 5 commercial spaces downstairs and ample space to create what you would like to make it upstairs, it can be a shelter, or a hostel. One commercial spot is being used as a Beauty Shop and the other commercial spot is being used as a Dance Studio. The rest of the commercial units are vacant. The studios are all upstairs and need to be completely redone before renting. Property has a lot of potential however it needs to be repaired to bring its potential to its best!!!

208 W Anaheim, Long Beach

$1,444,860

PW25200592 MLS ⋅ Active Status

Single story, owner-user office building in East Village section of Downtown Long Beach. The front of the building is set up as a medical office, offering a spacious and bright reception area. The rear of the building offers roomy living quarters, including bedrooms, bathrooms, a kitchen space and laundry. Property uses large lot size for additional parking in the rear. It is currently being used as sober living but can be delivered vacant. Located adjacent to Downtown Long Beach amenities including several restaurants, shops, the Pike, Queen Mary, Convention Center. Zoning: PD-30, East Village DTLB District. Property can be sold individually or combined with neighboring property at 836 Atlantic which is also for sale.

830 Atlantic Avenue, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.