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

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

Welcome to the vibrant and eclectic Downtown Area of Long Beach, California, where the sun-kissed shores of Alamitos Beach beckon you to experience coastal living at its finest. This dynamic region is a harmonious blend of urban sophistication and beachside charm, making it one of the most desirable places to call home in Los Angeles County.

Alamitos Beach is a picturesque neighborhood known for its stunning ocean views, sandy beaches, and a lively atmosphere. Here, you can enjoy leisurely strolls along the waterfront promenade, indulge in local eateries, or soak up the sun at the beach. The area is also rich in cultural offerings, with art galleries, theaters, and vibrant nightlife just a stone's throw away.

For those seeking unique investment opportunities, the Downtown Area features an array of triplex homes that perfectly cater to both homeowners and investors. These multi-family properties provide an excellent chance to live in one unit while renting out the others, creating a steady stream of income. With their charming architecture and prime locations, triplex homes in Alamitos Beach are not only practical but also a delightful place to reside.

Imagine waking up to the sound of waves crashing and enjoying your morning coffee on a private balcony, all while being steps away from the beach. Whether you're looking for a primary residence, a vacation home, or an investment opportunity, the triplex homes in this vibrant community offer a unique lifestyle that seamlessly combines the best of coastal living with urban convenience. Come experience the allure of Downtown Long Beach and discover your dream home 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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