Downtown Area, Alamitos Beach (4) Homes with Driveway Parking features

Downtown Area, Alamitos Beach (4) Homes with Driveway Parking features

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled along the picturesque Alamitos Beach, this dynamic neighborhood is known for its lively atmosphere, diverse culture, and stunning waterfront views. Here, residents enjoy a unique blend of city conveniences and beachside relaxation, making it an ideal place to call home.

The Downtown Area boasts a rich tapestry of dining, shopping, and entertainment options. Stroll along the bustling Pine Avenue, where you’ll find trendy boutiques, eclectic eateries, and lively nightlife. For those who appreciate the arts, the nearby Long Beach Museum of Art and the iconic Performing Arts Center offer a plethora of cultural experiences. And when it’s time to unwind, Alamitos Beach is just a stone’s throw away, inviting you to bask in the sun, take leisurely strolls, or enjoy water sports.

For homebuyers seeking practicality and convenience, the Downtown Area features a selection of homes with driveway parking, a coveted amenity in this bustling city. Imagine coming home after a long day and having your own private space to park, ensuring easy access and peace of mind. Whether you’re a first-time buyer or looking to invest, these properties offer both comfort and functionality, allowing you to enjoy everything this thriving community has to offer.

Experience the best of coastal living in Long Beach’s Downtown Area, where your dream home awaits amidst the perfect blend of urban excitement and beachside tranquility. Come discover your new lifestyle today!

Newest Downtown Area, Alamitos Beach (4) Homes with Driveway Parking features

$1,250,000
3 Beds 2 Baths 26856719 MLS Active Status
Versatile and turn-key investment opportunity at 530 Almond Ave. This Long Beach DUPLEX has been thoughtfully updated and remodeled, offering a fresh, modern aesthetic across both units. Whether you're looking for a savvy addition to your portfolio or a property with built-in income potential, this one delivers. The property is currently performing well, with a front 3BD + 2BA house fully remodeled with a spacious and bright living room, dining area, renovated bathrooms and fully equipped kitchen with brand new LG appliances with fridge, stove, microwave, dishwasher and garbage disposal, as well as new countertops, new cabinets, new fixtures. Additional features include new recessed lighting, new vinyl flooring, covered one car garage, gated driveway with space for 3 cars, central AC on the front unit and a washer and dryer room in unit. All plumbing, electrical and HVAC systems have been upgraded. Relax outside and enjoy a large backyard area with new landscaping already occupied by tenants paying excellent rents, providing immediate cash flow from day one. The second unit is a 1BD + 1BA upstairs unit sitting above the garage on a separate building and remodeled with a mini split A/C unit. In addition to the two primary units, the property features a non-conforming studio situated below the 1BD unit, offering even more flexibility for creative use or additional workspace. Spacious backyard on an expansive lot with room for an ADU or additional improvements. The property includes a garage and a spacious driveway with enough room to accommodate multiple vehicles comfortably. With its stylish finishes, updated systems, and significant income potential, this is a standout opportunity to own a high-functioning property in a vibrant location. One bedroom unit and non conforming studio to be delivered vacant! Main house is tenant occupied and shown with accepted offer only.

530 Almond Avenue, Long Beach

$899,000
3 Beds 2 Baths SB26132854 MLS Active Under Contract Status
Built in 1914, this classic Craftsman presents an exceptional opportunity for investors, renovators, or buyers with a vision to restore a true architectural gem to its original glory. Situated on a picturesque, wide, tree-lined one-way street just blocks from the beach, this 112-year-old home is rich with timeless character and offers the perfect canvas for a stunning transformation. Many of the home's original details remain, including hardwood floors, crown molding, custom built-ins, generously sized rooms, soaring ceilings, and abundant windows that fill the interior with natural light. While the property could benefit from some TLC, it already features valuable updates such as central forced-air heating and air conditioning, an updated kitchen with rich dark cabinetry, granite countertops, stainless steel appliances, and a remodeled upstairs bathroom with dual showerheads. The spacious floor plan includes an charming living room, formal dining room, family/great room, remodeled kitchen, and a convenient ¾ bath on the main level. A grand sweeping staircase leads to three oversized bedrooms with ample closets and the updated full bath. Outside, the private fenced backyard offers plenty of space for entertaining or future enhancements. A detached single-car garage and extended driveway provide ample off-street parking. Whether you're looking to restore a historic Craftsman to its magnificent beauty or create lasting value in a highly sought-after beach-close neighborhood, this is a rare opportunity to bring new life to a home with incredible character, charm, and potential.

1130 E Appleton, Long Beach

$1,050,000
2 Beds 6 Baths 26676253 MLS Active Status
1081 Cherry Avenue presents investors with a rare opportunity to acquire a fully occupied, cash-flowing six-unit asset in Long Beach at a compelling 6.42% current cap rate with immediate upside on the table. Offered at $1,100,000, $183,333 per unit and $397 per square foot, this 1923 built property delivers strong in place income of $110,208 annually against a lean 33% expense ratio, producing a current NOI of $70,569 with a clear path to $92,263 at pro forma rents. The property consists of one two-bedroom one-bath unit and five studios across 2,773 square feet of building on a 6,187 square foot lot. All six units are occupied with tenants paying gas and electric, and the building features an on-site laundry facility and garage parking for the two-bedroom unit. Studios are currently averaging $1,272 per month against a market rent of $1,600, representing an 18% rental upside that a new owner can capture through natural turnover with no heavy lifting required. At pro forma rents the GRM compresses to 8.45 and the cap rate expands to 8.39%, both favorable against comparable sales in the submarket which are averaging a 6.09% cap rate and 11.06 GRM. For the value-add investor seeking strong in-place cash flow with meaningful upside ahead, 1081 Cherry Avenue delivers day-one income, a below-market rent profile with room to grow, and the kind of returns that get stronger over time as rents are pushed to market through natural turnover.

1081 Cherry 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.