Price Reduced Listing
816 Alamitos Avenue,Long Beach, CA 90813
Long Beach, CA 90813
Description
Rare opportunity to own a cash-flowing 4-plex in the heart of Alamitos Beach, Long Beach! This well-maintained property features 4 spacious, oversized units with exceptional tenant retentiononly one turnover in 5 yearsensuring high occupancy and stable income. Three units have been extensively renovated with modern finishes, including stainless steel appliances, quartz countertops, updated bathrooms, and energy-efficient systems, while the fourth offers value-add potential for increased rents. The property consists of one 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. This is the lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.5X GRM on actuals and 11.2X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Expenses are low being separately metered for gas and electric. Located in an opportunity zone blocks from Alamitos Beach, Retro Row, and downtown, tenants enjoy walkability and easy access to the 710/405 freeways and Metro A Line. Long Beach’s $10 billion transformation, including downtown revitalization, $3.2 billion in Port of Long Beach upgrades, and $12.5 million in 2025 infrastructure improvements, drives demand and appreciation potential. As a 2028 Olympics host city, Long Beach is poised for global attention, with event venues just 2 miles away, perfect for premium short-term rentals. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000. Don’t miss this high-yield asset in a high-growth market! Contact for financials and schedule a viewing today.
Details
| MLS # | SB25066385 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1922 |
| Days On Site | 107 |
| Listing Provided By | Buckingham Investments, Inc | Anthony Walker |
Features
| SQ Feet | 3,498 |
|---|---|
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 3 |
| Zoning | LBR4N |
| Acreage | 0.15 |
| Property View | None |
Interior
| Cooling | None |
|---|---|
| Heating | Wall Furnace |
| Heating Yes / No | Yes |
| Cooling Yes / No | No |
| Appliances | Gas Oven, Gas Range |
| Fireplace Yes / No | No |
Exterior
| Roof | Composition, Flat |
|---|---|
| Construction Materials | Stucco |
| Lot Features | Rectangular Lot |
| Fencing | Block, Wood, Wrought Iron |
Parking
| Parking Features | None |
|---|---|
| Garage Yes / No | No |
Utilities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected |
|---|---|
| Electric | Standard |
| Sewer | Public Sewer |
Location
| Community Features | Urban |
|---|
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 3 Eastside | Circle Area |
| Community Name | Eastside (ES) |
 | $1,100,000831 Alamitos Avenue 3Long Beach, CA 90813 |
 | $1,400,0001100 E 10th StreetLong Beach, CA 90813 |
 | $1,400,0001100 E 10th StreetLong Beach, CA 90813 |
