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Sheila Dadashzadeh

[email protected] +1(858) 375-6785

$2,495,000

Est. payment - /mo

4 Beds

4 Baths

7,340 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW26097344

Bedrooms 4

Lot Size 7,340 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

Significant Price Improvement Compelling Coastal Investment Opportunity! Well-maintained 10-unit property located in the highly desirable Alamitos Beach neighborhood of Long Beach. The building features an attractive unit mix of (9) 1-bedroom/1-bath units and (1) 2-bedroom/1-bath unit, along with 6 single-car garages and 3 carport spacesan increasingly rare amenity in this coastal submarket. Offered for sale for the first time in 36 years, the property now benefits from recently implemented rental increases effective July 1, 2026, bringing total monthly income to $18,089 (including garage income). At the new pricing, the property operates at an attractive 5.71% cap rate on current income, with clear potential for additional upside through continued rent growth. Situated just blocks from the beach, dining, and retail, the property offers a highly walkable location with strong and consistent tenant demand. The existing garage structures may also present a potential opportunity for ADU conversion (buyer to verify), allowing a future owner to further enhance income and overall returns. This is a rare opportunity to acquire a stabilized, pride-of-ownership asset at a newly adjusted basis in one of Long Beachs most sought-after rental markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 4th Street to Bonito Ave.

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7266008024

Acceptable Financing Cash

Listing Terms Cash

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Listed by Spencer Pabst, DRE#01849377 Pabst, Kinney & Associates

Nearby School & Business

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Sheila Dadashzadeh

+1(858) 375-6785

Agent | CA BRE #01835591

Agent CA BRE #01835591

San Diego Communities

437 Bonito Long Beach, CA 90802

Sheila Dadashzadeh

Key Details

Location

Interior

Exterior

Building

Others

Nearby School & Business

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