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.
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.
Property Details
Price:
$1,450,000
MLS #:
SB25066385
Status:
Active
Baths:
0
Address:
816 Alamitos Avenue
Type:
Residential Income
Subtype:
Quadruplex
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Mar 6, 2025
State:
CA
ZIP:
90813
Lot Size:
6,483 sqft / 0.15 acres (approx)
Year Built:
1922
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Schools
Interior
Accessibility Features
None
Appliances
Gas Oven, Gas Range
Cooling
None
Fireplace Features
None
Flooring
Laminate, Tile
Heating
Wall Furnace
Exterior
Community Features
Urban
Electric
Standard
Fencing
Block, Wood, Wrought Iron
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Features
None
Parking Spots
0.00
Pool Features
None
Roof
Composition, Flat
Sewer
Public Sewer
Spa Features
None
Stories Total
2
View
None
Water Source
Public
Financial
Tenant Pays
Electricity, Gas, Trash Collection
Utilities
Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
Map
Community
- Address816 Alamitos Avenue Long Beach CA
- Area3 – Eastside, Circle Area
- SubdivisionEastside (ES)
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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816 Alamitos Avenue
Long Beach, CA
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