816 Alamitos Avenue
Long Beach, CA, 90813
$1,450,000
Beds
0 Baths
SqFt
0.15 Acres
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This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. 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. 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. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary’s hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.

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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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

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816 Alamitos Avenue
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