Downtown Area, Alamitos Beach (4) Homes with Industrial Subtype

Welcome to the vibrant Downtown Area of Long Beach, California, where urban living meets coastal charm! Nestled in Los Angeles County, this dynamic neighborhood is a blend of eclectic culture, stunning waterfront views, and a thriving community atmosphere. Just a stone's throw away, you’ll find the picturesque Alamitos Beach, a haven for sun-seekers and water enthusiasts alike. With its sandy shores and inviting waves, it’s the perfect spot for a morning jog, sunset stroll, or a day of fun in the sun.

The Downtown Area boasts an array of amenities, including trendy cafes, gourmet restaurants, and boutique shops that cater to every taste. The lively art scene is highlighted by galleries and public installations, making it a cultural hotspot for both residents and visitors. The Long Beach Convention Center and the nearby Aquarium of the Pacific offer endless entertainment options, ensuring there’s never a dull moment.

For those with an eye for unique living spaces, the Downtown Area features homes with an industrial subtype that perfectly encapsulate the essence of urban life. These residences often showcase exposed brick walls, high ceilings, and large windows that flood the interiors with natural light. The industrial charm, combined with modern amenities, creates a distinctive living experience that appeals to both creatives and professionals.

Whether you’re looking to immerse yourself in the local culture or enjoy the serene beauty of Alamitos Beach, the Downtown Area of Long Beach offers a lifestyle that is as diverse as it is inviting. Discover your dream home in this thriving community today!

Newest Downtown Area, Alamitos Beach (4) Homes with Industrial Subtype

$1,799,000

PW26189996 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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