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1442 Alamitos Ave, Long Beach, CA 90813

$725,000
•
  • —

    bed

  • 3

    bath

  • 1,064

    Sqft ($681/Sqft)

Multi-family for sale 40 days

About 1442 Alamitos Ave

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 2,018 Sqft
Movoto estimate
Rental estimate
Property description
An income-producing, recently remodeled triplex near the bustling downtown area and Long Beach Community College. Just five minutes from Alamitos Beach, this property offers easy access to the 710 and 405 freeways, making it highly desirable and easy to find tenants seeking both convenience and coastal living. Remodeled in 2021, the property features a newer roof, upgraded bathrooms, and fresh interior and exterior paint. Additional enhancements include new flooring in Unit B's main living area, energy-efficient split units in all three units, and improved downspout efficiency for better roofing performance. This triplex generates strong rental income, with all units currently on month-to-month leases. Unit A rents for $1,725, Unit B rents for $1,782 and Unit C is $1680 per month. Each unit is in excellent condition, and with reliable tenants in place, this turnkey investment offers immediate cash flow and minimal vacancy risk. With limited multi-unit properties available at this price point in Long Beach, this is a rare chance to own a well-maintained, income-generating asset in a high-demand rental market. Don't miss out on this exceptional investment!
Listed by
Listing Agent - Leah Guerra
Listing Office - Compass
Source: The MLS mls logo
MLS#26862447 • last updated 3 weeks ago
Movoto checked The MLS for data 7 minutes ago
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Overview
Levels/Style One
MLS # 26862447
Type Residential Income
Status Active
SqFt 1064
Lot Size (SqFt) 2018
Lot Size (Acres) 0.0463
Year Built 1923
Interior
Total # of Baths 3
Exterior
Parking Desc None
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBR4R
APN 7268-019-009
Multifamily Details
Unit 1: Furnished No
Unit 1: Projected Rent 5185
Unit 1: Rent 1725
Unit 1: # Baths 3
Unit Type 2106
Unit 1: Actual Rent 5185
Total # Of Buildings 1
Net Operating Income 45383
Annual Rent 62220
Gross Income 62220
Gross Operating Income 62200
Gross Rent Multiplier 11.65
Total Annual Expenses 16837
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  • Real Estate
  • CA
  • Los Angeles County
  • Long Beach
  • 90813
  • Central Long Beach
  • 1442 Alamitos Ave

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