Downtown Area, Alamitos Beach (4) Homes with Spanish Style

Welcome to the vibrant Downtown Area of Long Beach, California, where urban sophistication meets coastal charm! Nestled in the heart of Los Angeles County, this dynamic neighborhood is renowned for its eclectic mix of culture, entertainment, and stunning waterfront views. Just a stone's throw away, you'll find Alamitos Beach, a serene stretch of sand that beckons beach lovers and sun seekers alike.

The Downtown Area is a hub of activity, featuring an array of trendy restaurants, boutique shops, and lively nightlife. Whether you're indulging in fresh seafood at a waterfront eatery or enjoying a leisurely stroll along the picturesque shoreline, there's never a dull moment. The nearby Alamitos Beach offers a tranquil escape, perfect for morning jogs, afternoon picnics, or simply soaking up the California sun.

For those captivated by architectural beauty, the Downtown Area boasts a selection of stunning homes that reflect the rich heritage of Spanish-style design. These charming residences often feature terracotta roofs, vibrant tile work, and inviting courtyards that exude warmth and character. Imagine living in a home that seamlessly blends traditional elegance with modern amenities, all while being just minutes away from the beach and the bustling downtown scene.

Whether you're looking for a cozy retreat or a lively urban lifestyle, the Downtown Area and Alamitos Beach offer the perfect backdrop for your next chapter. Experience the best of Southern California living, where every day feels like a vacation in this enchanting coastal community. Come discover your dream home in this vibrant locale today!

Newest Downtown Area, Alamitos Beach (4) Homes with Spanish Style

$2,895,000

SB26175498 MLS ⋅ Active Status

1439 Cedar Avenue is a 16-unit apartment building with substantial remodeling and improvements. This property boasts a 9.01X GRM and a 6.5% cap rate off actuals. While this property has the charm of the 1920's with its higher ceilings and arched architecture, many of the systems and units have been upgraded/improved. The main electrical panel was upgraded in the 1990s. All the hot and cold-water supply lines were replaced in 2021. Prior to current ownership, the mail drain line was replaced with ABS in the larger than average crawlspace and substantial improvements were made to the foundation. All the units feature vinyl plank and ceramic-type tile flooring. Some units have had kitchen remodels with newer cabinets and quartz countertops. Pretty good mix of open floor plans and units with large walk-in closets. There are stairs leading to the roof for easy access and maintenance. There is on-site laundry and 4 garage spots which are rented for additional income. This property is located directly across the street from Washington Middle School which is currently undergoing a $176 million reconstruction process. It is conveniently located close to the 710 freeway, downtown Long Beach, and city transportation. 1439 Cedar Avenue offers steady cash flow with limited capital expenditure risk in a dense rental market.

1439 Cedar, Long Beach

$3,200,000

SB26197731 MLS ⋅ Active Status

We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294 per square foot while generating a 6.80% current capitalization rate and a 7.74% pro forma capitalization rate. The investment thesis is straightforward: acquire a well- renovated asset at a discounted basis, capture a near-7% day-one yield, and retain additional upside through rent normalization and potential future ADU development. The property offers investors a true ease-of-management opportunity. Current ownership extensively renovated the building with the intention of holding it for the long term, completing comprehensive upgrades while preserving its original 1930s Spanish-style character. The rehabilitation was executed with that character in mind, including restoration of original oak flooring and installation of mission-style lighting, alongside fully remodeled interiors, replacement windows, upgraded electrical meters, plumbing and HVAC systems. Renovation decisions prioritized quality, durability and longevity. With the renovated units leased at market rents, a new owner benefits from immediate stabilized income without the execution risk, downtime or capital requirements typically associated with a value-add renovation program. Importantly, the pro forma rents can be achieved through annual rent increases alone, with no further capital expenditure required. 1211 Magnolia Avenue is situated in Long Beach’s Willmore neighborhood, just minutes from Downtown Long Beach, its waterfront amenities and the 710 Freeway.

1211 Magnolia Avenue, Long Beach

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