Eastside, Circle Area (3) Homes with Triplex Subtype

Welcome to the vibrant Eastside Circle Area of Long Beach, California, where urban charm meets coastal allure! Nestled within the heart of Los Angeles County, this eclectic neighborhood is known for its rich cultural tapestry, friendly community vibe, and an array of amenities that cater to all lifestyles.

The Eastside Circle Area is a delightful mix of historic architecture and modern conveniences, making it an ideal place for families, young professionals, and anyone looking to embrace the California dream. With tree-lined streets and a diverse array of shops, cafes, and parks, residents enjoy a laid-back lifestyle while being just minutes away from the bustling downtown Long Beach and the stunning Pacific coastline.

One of the standout features of this neighborhood is the availability of triplex homes, a unique housing option that offers both investment potential and comfortable living. Triplexes in the Eastside Circle Area provide an excellent opportunity for homeowners who wish to live in one unit while renting out the others, making it an attractive option for both first-time buyers and seasoned investors. These homes often boast spacious layouts, private outdoor spaces, and the charm of vintage architecture, allowing residents to enjoy the best of both worlds.

Living in the Eastside Circle Area means being part of a close-knit community that values connection and creativity. With its vibrant arts scene, local farmers' markets, and easy access to public transportation, this neighborhood truly embodies the spirit of Southern California living. Discover the possibilities that await you in this dynamic area and explore the triplex homes that make the Eastside Circle Area a hidden gem in Long Beach!

Newest Eastside, Circle Area (3) Homes with Triplex Subtype

$900,000

PW26179995 MLS ⋅ Active Status

1636 N. Stanton Place presents the opportunity to acquire a well- located three-unit multifamily property in Long Beach offering attractive in-place cash flow, a diversified unit mix, and additional upside through future rent growth. Offered at $900,000, the property provides investors with a compelling combination of current yield and long-term income potential. The property consists of (1) 1BD/1BA unit, (1) 2BD/1BA unit, and (1) 3BD/1BA unit. Current monthly rents total $6,470, with projected market rents of $6,700 per month. The one-bedroom unit is currently rented at $1,670 compared with a projected market rent of $1,750, while the two-bedroom unit is rented at $2,000 compared with a projected $2,150. With only three units, the property offers investors a manageable multifamily asset with substantially greater income diversification than a single-family or duplex investment while retaining the operational simplicity of a small residential property. The varied unit mix further reduces reliance on any single tenant profile and creates multiple rent points within the property. For investors seeking a smaller multifamily acquisition with immediate income and identifiable upside, 1636 N. Stanton Place offers a compelling combination of a 5.93% going-in cap rate, rental growth potential, larger two- and three-bedroom floor plans, and a $300,000-per-unit basis. As rents move toward projected market levels, investors have the opportunity to enhance NOI and overall property value while benefiting from strong in-place cash flow.

1636 N Stanton, Long Beach

$1,199,000

PW26108897 MLS ⋅ Active Status

* $200,000 PRICE REDUCTION! * LONG BEACH TRIPLEX (SOUTH OF PCH), BUILT IN 1988 (Click the 360 icon above to view the video.) – This Multi-Family home was built from the ground up by the current owner in 1988. The spacious (3BR/2BA, 1596 sf) fully detached front unit was owner-occupied for years, as it was originally designed to be. The back two units (a 3BR/2BA and a 2BR/2BA) total 2706 sf. All three units feature 2-car attached garages (each with 2-car driveways), and they occupy an unusually large 6503 sf lot. Now we turn our attention to this property’s location in Long Beach: 1) Less than 2 miles from the beach and the Long Beach bike path 2) Quick access to Belmont Shore’s 2nd Street dining, shopping & nightlife, while being removed from the high-traffic tourist zone 3) Mere steps to Nieto Herrera Elementary School 4) Convenient to Cal State Long Beach, Recreation Park Golf Course and Marine Stadium… Overall, 1735 Orizaba Avenue benefits from being in a centrally located east Long Beach pocket near coastal amenities, established neighborhoods, dining corridors, and recreation — a combination that tends to support long-term desirability and property value stability. Take the time to thoughtfully compare, and you’ll realize why this is the one you’ve been looking for! (Note: Addresses for the two back units are 1737 & 1739 Orizaba Ave.)

1735 Orizaba 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.