Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm. Nestled between the sparkling Pacific Ocean and the bustling city streets, this region is renowned for its dynamic lifestyle, cultural diversity, and stunning waterfront views. Alamitos Beach, located just a stone's throw away, offers a serene escape with its sandy shores and inviting ocean waves, making it a perfect playground for beach lovers and sun-seekers alike.

In this thriving community, you’ll find an array of homes that cater to various lifestyles, including beautiful two-story residences that combine style and functionality. These two-level homes provide ample space for families and individuals alike, featuring open floor plans that seamlessly blend living, dining, and entertaining areas. With modern amenities and thoughtful designs, these properties are perfect for those who appreciate both comfort and sophistication.

Living in Downtown Long Beach means you’re never far from exciting attractions. Explore the eclectic mix of shops, cafes, and restaurants that line the streets, or take a leisurely stroll along the picturesque waterfront promenade. With easy access to public transportation, you can easily venture out to explore the broader Los Angeles area.

Whether you’re drawn to the vibrant nightlife, cultural events, or the tranquil beach vibes, Downtown Long Beach and Alamitos Beach offer a unique blend of experiences. Discover your dream two-story home in this captivating region, and embrace the lifestyle that awaits you in this coastal paradise!

Newest Downtown Area, Alamitos Beach (4) Homes with Two Levels Stories

$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

$1,355,000

PW26205276 MLS ⋅ Active Status

4 UNITS IN PRIME DOWNTOWN LOCATION CONSISTING OF ALL 2 BEDROOM/ 1 BATHROOM UNITS. NEW ROOF PUT ON IN ~2022. SEPARATELY METERED FOR GAS AND ELECTRIC. 2 GARAGES IN FULLY GATED SECURED BACK OF BUILDING. BLOCKS TO THE BEACH, RESTAURANTS AND DOWNTOWN SHOPPING.

333 W 9th, Long Beach

$1,599,000

PW26197901 MLS ⋅ Active Status

THIS PROPERTY IS CURRENTLY BEING RENTED AS TRANSITIONAL HOUSING. BUSINESS PLUS REAL ESTATE. HUGE NET INCOME. JUST A 3 MINUTE DRIVE TO THE OCEAN. EACH UNIT IS A 2 BEDROOM 1 BATH WITH ENCLOSED GARAGE. HIGH DEMAND FOR THIS TYPE OF PROPERTY, ALWAYS RENTED. THE OWNER JUST INSTALLED 2 TANKLESS HOT WATER HEATERS. PROPERTY MAY NEED SOME TLC. PLEASE CALL BROKER FOR MORE INFORMATION. PROPERTY NEXT DOOR AT 771 ALAMITOS AVE. IS ALSO LISTED FOR SALE.

801 Alamitos Avenue, Long Beach

$1,599,000

PW26198635 MLS ⋅ Active Status

ONLY 8 BLOCKS TO OCEAN BLVD. JUST A 3 MINUTE DRIVE TO THE OCEAN. THIS PROPERTY IS CURRENTLY BEING RENTED AS TRANSITIONAL HOUSING. EACH OF THE 4 UNITS IS A 2 BEDROOM 1 BATH. THE 4 UNITS NEXT DOOR AT 801 ALAMITOS AVE. IS ALSO LISTED FOR SALE.

775 Alamitos Avenue, Long Beach

$255,000

1 Beds ⋅ 1 Baths ⋅ SR26199047 MLS ⋅ Active Status

Charming and centrally located, this 1-bedroom, 1-bathroom condo puts you within easy reach of shops, restaurants, city hall, and more. Situated in an intimate 12-unit building, the unit has been well cared for and is ready for its next chapter. Make your appointment today Great opportunity to own!

723 E 6th, Long Beach

$799,000

2 Beds ⋅ 3 Baths ⋅ SB26197249 MLS ⋅ Active Status

Experience the ultimate in sophisticated city living with this highly sought-after luxury townhome—where designer style meets modern comfort. At the heart of the open-concept first level is a show-stopping chef’s kitchen, featuring a premium Pirch faucet, beautifully refinished cabinetry, a generous island, and sleek Caesarstone countertops—perfect for cooking, entertaining, or simply enjoying your morning coffee. Upstairs, unwind in your luxurious primary suite, complete with an expansive walk-in closet and a spa-inspired bathroom boasting dual sinks, a rain shower, and a separate six-foot soaking tub. The second bedroom offers comfort and privacy with its own en-suite bath, while the versatile loft in between provides an ideal space for an office, creative studio, or cozy lounge. Designed with style and sophistication in mind, this home features 12-foot ceilings, recessed lighting, surround sound, exposed ducts, modern steel stair railings, custom window coverings, and durable vinyl floors throughout. Enjoy two private patios overlooking tranquil fountains—a serene urban escape. HOA includes FIOS internet, basic cable, and water, offering both convenience and value. Located in the acclaimed Promenade development, residents enjoy an impressive array of amenities: a pet-friendly community with complimentary guest parking and EV charging stations, a chic clubroom with full kitchen and pool table, outdoor social patio and bar, cozy courtyard lounge with fireplace, and a fully equipped gym and yoga studio. All of this in the heart of Downtown Long Beach, just steps from the beach, boardwalk, restaurants, museums, shopping, and nightlife. Explore The Pike, marina, Queen Mary, Pine Avenue, Belmont Shore, farmers markets, and more—all within a few blocks. Live the lifestyle you’ve been dreaming of—modern, connected, and effortlessly luxurious.

133 The Promenade N Unit 118, 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

$888,000

SB26196998 MLS ⋅ Active Status

We are pleased to present 1071 N Almond Ct, a five-unit apartment building and multi-layered value-add opportunity in a strong Long Beach infill location. The building is 3,221 SF, sits on a 4,257 SF lot, and benefits from a strong unit mix of (3) 2 Bed/1 Bath and (2) 1 Bed/1 Bath units. At $177,600/unit and $275.69/SF — both well below comp averages — the offering represents an attractive entry basis in a tightly held submarket. At a 3.5% CAP rate and 15.8 GRM on current in-place rents, this offering carries roughly 125% in rent upside, which would impute a 10.1% Market CAP and 7.0 Market GRM on stabilized market rents. Four units are occupied at rents well below market; the rear unit will be delivered vacant and requires full renovation. Further, the building benefits from efficient lot coverage, with a detached rear garage presenting a potential ADU conversion candidate and a second garage ADU opportunity once the rear building is renovated (buyer to verify). In addition, the property scores 93 on Walk Score and sits roughly three miles from the Port of Long Beach, which supports an estimated one in five jobs citywide. Demand is further supported by Anduril's $1 billion Douglas Park campus and its roughly 5,500 projected jobs. Full build-out of highest and best use is modeled at a 16.1% unlevered IRR over a 7-year hold. See OM for details. Offered as-is, where-is; buyer to verify zoning, rebuild rights, and ADU eligibility with the City of Long Beach.

1071 N Almond Court, Long Beach

$1,450,000

PW26193792 MLS ⋅ Active Status

1071 Olive Avenue is a well-maintained six-unit apartment building near Downtown Long Beach. The property offers a desirable unit mix consisting entirely of 2bed/1bath units, all updated within the past five years. Several units feature in-unit laundry and ductless mini split air conditioning. One unit is currently vacant, providing an immediate opportunity to lease at market rent. The property includes four driveway parking spaces, a freestanding one-car garage and an unused laundry room with additional income potential.

1071 Olive, Long Beach

$412,999

2 Beds ⋅ 1 Baths ⋅ RS26191853 MLS ⋅ Active Status

Check this out...Charming upstairs ,2 bedrooms, 1 full bath accented by hardwood floors,pane windows along with street, sunset and treetop views, moments from the vibrant Long Beach scene, Bluff park ,and if you like walking to the beach,trendy cafes,niche coffee shops and restaurant ,this might be the one for you. This is truly Southern California beach community living in its best in Alamitos beach.

1035 E Appleton Street Unit 2, Long Beach

$3,850,000

26908925 MLS ⋅ Active Status

Premier Downtown Long Beach redevelopment and investment opportunity in the heart of the East Village Arts District, surrounded by new residential growthand a thriving mix of dining, retail, and entertainment. Just minutes from the Long Beach Convention Center, Queen Mary, Metro transit, waterfront, and beaches, withconvenient access to the cruise terminal, Belmont Shore, The Pike Outlets, Seal Beach, and Huntington Beach. Long Beach's signature annual events, including the GrandPrix and Pride, further contribute to the area's year-round activity and destination appeal.A rare grandfathered hotel entitlement creates exceptional flexibility and adds a valuable dimension to the site's future potential. Envision a landmark multilevel mixed-use development with ground-floor retail and residential above, a multilevel residential community, or a hotel/hospitality-driven concept capitalizing on this exceptional location and existing entitlement.As Downtown Long Beach continues to attract significant investment and residential growth, sites offering this combination of location, flexibility, and entitlement are increasingly scarce. An exceptional opportunity to create a signature project and help shape the next chapter of one of Southern California's most dynamic urban districts!

154 Elm Avenue, Long Beach

$739,000

PW26184784 MLS ⋅ Active Status

Triplex. A rare opportunity to own a beautifully updated multi-unit property in one of Long Beach’s most desirable historic neighborhoods. Offering three separate units, the property features two spacious one-bedroom units plus a studio apartment, providing an excellent opportunity for investors or an owner-user looking to generate additional rental income. Each unit has been nicely updated while maintaining the character and charm of the property. The upstairs one-bedroom unit features its own private deck, creating a great outdoor space to relax and enjoy the Southern California lifestyle. The property also offers some outdoor space. Ideally located near Downtown Long Beach and the beach, residents can enjoy convenient access to restaurants, shopping, entertainment, and everything the city has to offer. Quick access to the 710 Freeway also makes commuting throughout Southern California convenient. Situated in a strong rental neighborhood with excellent long-term potential, this character-filled property combines location, versatility, outdoor space, and income opportunity—a compelling addition to any real estate portfolio.

451 W 10th, 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.