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

Welcome to the vibrant Downtown Area of Long Beach, California, nestled within the stunning Alamitos Beach neighborhood. This bustling region is a perfect blend of urban sophistication and coastal charm, making it an ideal place to call home. With its picturesque beaches, lively arts scene, and a plethora of dining options, Downtown Long Beach offers an unparalleled lifestyle that attracts residents and visitors alike.

Alamitos Beach is renowned for its stunning ocean views and a laid-back atmosphere that embodies the Southern California lifestyle. Here, you can enjoy leisurely strolls along the sandy shores, indulge in water sports, or simply relax at one of the many beachfront parks. The area is also home to a thriving community, with events that celebrate local culture, art, and cuisine, ensuring there’s always something exciting happening just around the corner.

For those seeking a home that provides both style and space, the Downtown Area features an array of two-story residences that cater to diverse lifestyles. These homes often boast open floor plans, modern amenities, and ample natural light, making them perfect for families or individuals who appreciate a bit of extra room to breathe. With multiple levels, you can enjoy a dedicated space for entertaining, working from home, or simply unwinding after a long day.

Whether you’re drawn to the vibrant nightlife, the stunning beach sunsets, or the welcoming community spirit, Downtown Long Beach and Alamitos Beach promise a lifestyle that’s both invigorating and relaxing. Discover your dream home in this coastal paradise today!

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

$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

$854,900

3 Beds ⋅ 2 Baths ⋅ PW26181565 MLS ⋅ Active Status

SO MANY UPGRADES!! Got to see this one! This craftsman style home is not only beautiful but is loaded with upgrades!! This home has 3 nice sized bedrooms, 2 baths, with a nice sunroom in front and plenty of natural sunlight throughout. Storage space in attic in upstairs hallway. New fencing and gates made a nice yard to play or entertain in. Replaced old knob and tubing with Romex wiring, new electric panel, new wall outlets in dining room, added dimmable recessed lighting in kitchen, a new faucet, an inside washer and dryer closet, and new clean out drain installed, removed floor outlets upstairs and replaced with wall outlets, ceiling lights in upstairs bedrooms were replaced with new modern ceiling fans, shower valves replaced and a new shower head added, old front yard retaining wall was rebuilt which added approx. 3 ft, to the front yard space. The hard to maintain grass between sidewalk was removed and replaced with pea gravel. Appliances are included as well as window air conditioners. All these upgrades added to this beautiful home for added value, your savings, convenience, and comfort. Walking distance to the many Long Beach attractions, restaurants and shops. Don't miss this one! Priced to sell!

551 W 8th Street, Long Beach

$2,200,000

SB26180743 MLS ⋅ Active Status

Discover an exceptional investment opportunity in the heart of Long Beach’s vibrant East Village/Alamitos Beach corridor. Situated just minutes from the beach, Downtown Long Beach, major transit lines, and an array of local dining, shopping, and entertainment, 1056 E. 6th St. offers an ideal blend of convenience, accessibility, and tenant appeal. The property consists of eight (8) well-maintained 1-bedroom/1-bath units and one (1) 2-bedroom/1-bath unit. This practical and efficient unit mix caters to the strong local demand for smaller rental units, supporting consistent occupancy and dependable renter interest. A standout feature is the property’s existing four-car garage, providing secure, private on-site parking—an increasingly valuable amenity in this neighborhood. Additional parking is available directly in front of the garages, creating the potential for up to eight (8) total on-site parking spaces, depending on vehicle size and configuration and applicable local ordinances. The garage area may also present a compelling ADU conversion opportunity, potentially allowing an investor to add residential units, increase rentable square footage, and enhance the property’s overall income potential. Buyers should independently verify parking configuration, ADU feasibility, unit count, permitting requirements, and development potential with the City of Long Beach and appropriate professionals. 1056 E. 6th St. is a proven income-producing asset located in one of Long Beach’s most desirable rental submarkets. With its strong existing unit mix, valuable on-site parking, and potential value-add opportunity through ADU development, the property is well positioned for investors seeking stability, long-term appreciation, and additional upside from a strategically located multifamily investment.

1056 E 6th Street, Long Beach

$799,000

PW26180275 MLS ⋅ Active Under Contract Status

A rare chance to own an exceptionally spacious duplex in one of Southern California's most dynamic and evolving markets. This large property features eight total bedrooms and four bathrooms across two expansive units, each offering four bedrooms and two bathrooms, a layout rarely seen in multifamily properties. Both units showcase updated interiors with newer laminate flooring, tile kitchens, and remodeled bathrooms, blending modern comfort with low-maintenance living. At $799,000, this duplex is currently producing a 7.45% cap rate on actual rent roll and operating expenses. With an 8.7% rent increase effective December 2026, the cap rate rises to 8.17%, well above the 5% to 6% range typical for small multifamily properties in the 90802 area. Add over $24,800 in completed capital improvements, including full bathroom and kitchen tile remodels, new flooring throughout, updated electrical and lighting, and fresh paint in both units, and this is a property offering both immediate cash flow and built-in upside. The property also includes a detached garage and a long driveway that provides abundant off-street parking. Gas and electric are separately metered for efficiency, and both units are tenant-occupied on month-to-month terms, giving maximum flexibility moving forward. Ideally located near dining, shopping, the beach, and freeway access, this property combines a prime Long Beach location with unmatched scale. Whether you are looking to expand your portfolio or take advantage of value-add opportunities, this duplex checks all the boxes.

643 Elm Avenue, Long Beach

$924,999

1 Beds ⋅ 1 Baths ⋅ OC26173785 MLS ⋅ Active Under Contract Status

Experience the ultimate urban lifestyle in this stunning 2,410 sqft, two-level loft located in the historic Masonic Temple Lofts, where industrial charm meets modern amenities. This beautifully designed Loft, featuring one-bedroom and one-bathroom, has enough space to add a second bedroom and ensuite if preferred. The open space includes high ceilings, hardwood floors, and exposed steel and ductwork that enhance its inviting ambiance, while a remarkable wall of windows in original 1920s brick floods the interior with natural light. The functional layout includes a welcoming entry, a versatile bonus room, a stylish kitchen, and expansive living and dining areas, complemented by a modern bathroom and convenient laundry facilities. Situated just steps from vibrant downtown, residents enjoy diverse shopping, dining, and cultural experiences, along with beautiful beaches and nearby parks such as El Dorado Regional Park and Shoreline Village. Iconic attractions like the Aquarium of the Pacific and RMS Queen Mary are just a short drive away, and with excellent transit options—including the Blue Line to Downtown LA and close proximity to Long Beach Airport—commuting is effortless. The security managed complex ensures secure living with two assigned parking spots in an attached garage and ample on-street parking for visitors, while exclusive amenities like a roof terrace with BBQ facilities, a coming soon hot-tub area, fitness center, and billiards room provide perfect spaces for relaxation or entertainment. A brand new central HVAC system, installed in July 2026, guarantees year-round comfort, making this loft not just a home, but a vibrant lifestyle in the heart of Long Beach. PLEASE NOTE: All Open House viewings MUST be scheduled, due to secure building access.

835 Locust Avenue Unit 211, Long Beach

$1,399,900

10 Beds ⋅ 4 Baths ⋅ 26870367 MLS ⋅ Active Status

RARE 4-UNIT OWNER-USER, VALUE-ADD & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 117 W. 9th Street presents a unique opportunity to acquire a Long Beach multifamily property with TWO VACANT 2-BEDROOM UNITS. 50% OF THE PROPERTY AVAILABLE FOR IMMEDIATE OCCUPANCY OR LEASE-UP! The two currently occupied units generate $3,355 per month / $40,260 annually, with existing rents of $1,995 and $1,360. This provides established income from day one while leaving TWO 2-BEDROOM UNITS VACANT and available for a new owner to immediately reposition, improve, occupy, or lease at current market rents, subject to applicable laws. For an OWNER-USER, the opportunity is particularly compelling: occupy one of the vacant 2-bedroom units while receiving rental income from the occupied units and retaining an additional vacant 2-bedroom unit for future rental income. For an INVESTOR, 50% vacancy creates the opportunity to immediately address a significant portion of the property's income potential rather than waiting for existing tenants to vacate. Current annual operating expenses are approximately $17,390, with current NOI of approximately $22,870 BEFORE ANY INCOME FROM THE TWO VACANT UNITS. The property's current financial performance therefore reflects only 50% physical occupancy and should be evaluated together with the potential income available through lease-up of the two vacant units. Multiple strategies are available: OWNER-OCCUPY, LEASE-UP, RENOVATE, VALUE-ADD, HOLD, or 1031 EXCHANGE. Existing income + two vacant 2-bedroom units + immediate control of 50% of the units creates a compelling opportunity for a buyer seeking long-term upside. PORTFOLIO SALE: 117 W. 9th Street is being offered as part of a portfolio sale together with 1089 E. 7th Street, Long Beach, providing an opportunity to acquire multiple Southern California multifamily assets. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer. Buyer to independently verify all rents, expenses, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and owner-occupancy requirements.

117 W 9th Street, Long Beach

$1,399,900

6 Beds ⋅ 4 Baths ⋅ 26870317 MLS ⋅ Active Status

STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with established cash flow. Located in Long Beach, the property provides access to one of Southern California's established rental markets and offers investors the opportunity to acquire a multifamily asset with approximately $96,000 in annual gross rental income while maintaining the potential for future rent growth, operational improvements, and long-term appreciation. PORTFOLIO OPPORTUNITY: 1089 E. 7th Street is being offered as part of a portfolio sale together with 117 W. 9th Street. The properties offer complementary investment strategies: 1089 E. 7th Street provides high existing income, and 117 W. 9th Street offers two vacant 2-bedroom units with owner-user and value-add potential. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer; also to independently verify all rents, expenses, income, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and all other property information.

1089 E 7th Street, Long Beach

Start Your Search

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.