816 Alamitos AVE Active Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB25066385
HOA Y/N No
Year Built 1922
Lot Size 6,481 Sqft
Property Sub-Type Quadruplex
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 Olympics host city, Long Beach is poised for global attention, with event venues just 2 miles away, perfect for premium short-term rentals. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000. Don't miss this high-yield asset in a high-growth market! Contact for financials and schedule a viewing today.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBR4N
Interior
Heating Wall Furnace
Cooling None
Flooring Laminate,Tile
Fireplaces Type None
Fireplace No
Appliance Gas Oven,Gas Range
Laundry None
Exterior
Parking Features None
Fence Block,Wood,Wrought Iron
Pool None
Community Features Urban
Utilities Available Electricity Connected,Natural Gas Connected,Sewer Connected,Water Connected
View Y/N No
View None
Roof Type Composition,Flat
Accessibility None
Private Pool No
Building
Lot Description Rectangular Lot
Faces West
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7267025031
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Special Listing Condition Standard