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Diego Magdaleno

diego@1visionproperties.com +1(714) 376-8652

$1,150,000

Est. payment - /mo

5,915 Sqft Lot

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Key Details

Property Type Multi-Family

Sub Type Quadruplex

Listing Status Pending

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW26024591

HOA Y/N No

Year Built 1919

Lot Size 5,915 Sqft

Property Sub-Type Quadruplex

Property Description

Exceptional investment opportunity just a short bike ride to the beach! This well-maintained 4-plex offers a versatile unit mix, strong income potential, and an ideal setup for both investors and owner-occupants. Located near Downtown and the vibrant 4th Street Retro Row, the property sits in a highly desirable rental area known for its coastal lifestyle, walkability, and charm.
The front detached unit is a spacious 3-bedroom, 2-bath home, perfect for owner occupancy or commanding premium rent. With its generous layout and privacy from the other units, it lives like a single-family residence while still benefiting from the income of the additional units on site.
Behind the front home are three additional units: two 2-bedroom, 1-bath units and one 1-bedroom, 1-bath unit, creating a highly rentable and desirable unit mix. One of the 2-bedroom units is currently vacant and ready for a new tenant, presenting an immediate opportunity to set market rent and increase overall income.
The property features convenient on-site laundry for tenants and ample parking, including a carport, driveway parking for two vehicles, and additional spaces for a total of five parking spots — a rare and valuable amenity this close to the beach and downtown.
This income property has a proven track record of solid rental performance, yet still offers room for upside through rental increases and value-add potential. Its prime location near shopping, dining, entertainment, and coastal attractions makes it highly appealing to long-term tenants and short-term renters alike.
Whether you are looking to live in the front home while collecting rent from the other units, or seeking a strong addition to your investment portfolio, this property checks all the boxes: location, unit mix, parking, on-site amenities, and income growth potential.
Opportunities like this in such a sought-after coastal neighborhood are rare. Don't miss the chance to own a flexible, high-demand multi-unit property in one of the area's most desirable locations.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Fireplace No

Laundry Laundry Room

Exterior

Garage Spaces 2.0

Carport Spaces 1

Garage Description 2.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Utilities Available Electricity Connected, Natural Gas Connected

Total Parking Spaces 7

Private Pool No

Building

Lot Description Front Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7267017010

Acceptable Financing 1031 Exchange

Listing Terms 1031 Exchange

Special Listing Condition Standard

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Listed by Art Saenz Think Boutiq Real Estate 310-710-4810, DRE #01963000

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826 Gaviota Long Beach, CA 90813