816 Alamitos AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25066385
Year Built 1922
Lot Size 6,483 Sqft
Property Sub-Type Fourplex
Source California Regional MLS
Property 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 retention-only one turnover in 5 years-ensuring 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 11.8X GRM on actuals and 11.4X 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 Olympi
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Rooms
Kitchen Oven Range - Gas,Oven - Gas
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate
Laundry None
Exterior
Parking Features No Parking
Pool 31,None
View None
Roof Type Flat / Low Pitch,Composition
Building
Water District - Public
Others
Tax ID 7267025031
Special Listing Condition Not Applicable