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

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

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled within the heart of Los Angeles County, this dynamic region is known for its eclectic mix of culture, entertainment, and stunning waterfront views. Just a stone's throw away from the picturesque Alamitos Beach, this area offers a unique lifestyle that seamlessly blends city excitement with beachside relaxation.

Downtown Long Beach boasts a diverse array of amenities, including trendy cafes, gourmet restaurants, and boutique shops that cater to every taste. The lively arts scene is palpable here, with galleries, theaters, and live music venues dotting the landscape, providing endless opportunities for entertainment and cultural enrichment. Enjoy leisurely strolls along the waterfront or partake in various community events that celebrate the vibrant spirit of the area.

For those seeking a distinctive real estate opportunity, the triplex homes in the Downtown Area and Alamitos Beach are a fantastic choice. These properties not only provide ample living space but also offer the potential for rental income, making them an attractive investment for both seasoned investors and first-time buyers. With spacious layouts and the option to live in one unit while renting out the others, triplex homes are perfect for families or individuals looking to maximize their investment.

Experience the best of both worlds in Long Beach, where the urban lifestyle meets the serene coastal atmosphere. Discover your dream triplex home today and become part of this thriving community!

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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