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 along the stunning shoreline, Alamitos Beach is a gem that offers a unique blend of city life and beachside relaxation. With its picturesque views, eclectic dining options, and bustling nightlife, this region is perfect for those seeking a dynamic lifestyle.

The Downtown Area serves as the cultural heart of Long Beach, boasting a diverse array of attractions. From the iconic Long Beach Convention Center to the lively Pine Avenue, residents enjoy easy access to art galleries, theaters, and live music venues. Alamitos Beach, just a stone's throw away, invites you to unwind on sandy shores, indulge in water sports, or take a leisurely stroll along the scenic beachfront promenade.

For those considering a home in this lively locale, the triplex subtype offers an incredible opportunity. Triplex properties are ideal for investors and homeowners alike, providing the perfect balance of privacy and community. With three distinct living units, you can enjoy the benefits of rental income while residing in one of the units, or create a multi-generational living space for family members. Many triplex homes in the area feature modern amenities, spacious layouts, and outdoor spaces that enhance the coastal living experience.

Living in the Downtown Area and Alamitos Beach means embracing a lifestyle filled with sunshine, culture, and community. Whether you're drawn to the beach, the vibrant nightlife, or the investment potential of triplex properties, this region promises a fulfilling and exciting place to call home. Explore the possibilities today!

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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