Long Beach, CA 90813 816 Alamitos Avenue
$1,450,000
15 more
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Beds • 15
Baths • 5
SQFT • 3,498
Year Built • 1922
Home Details
This large 3 building campus of a 4 unit property is one block North of Downtown Long Beach and Alamitos Beach. One 5 bed/1 bath house, one 4 bed/2 bath house, and two 3 bed/1 bath apartments on a 6483 square foot lot. Lowest GRM and best income 4 unit for sale in the whole city of Long Beach at 11.8X GRM on actuals and 11.4X GRM on market rents, and is only 8 blocks to the beach and Pacific Ocean. Low expense property separately metered for gas and electric. Well maintained and professionally managed in a dense, high demand rental market. The property is close to St Mary's hospital and Long Beach Community College plus numerous other job centers in the area. Per Costar, 61% of households within a 5 mile radius are renters with an average household income of over $98,000.
Presented By: Anthony Walker with Buckingham Investments, Inc; 310-561-4776
Interior Features for 816 Alamitos Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesNone
Fireplace Y/NNo
FlooringLaminate, Tile
Heating Y/NYes
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 816 Alamitos Avenue
AccessibilityNone
Additional Parcels Y/NNo
AppliancesGasOven, GasRange
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.0
Carport Spaces0.0
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
Construction MaterialsStucco
CoolingNone
CountyLos Angeles
DirectionsEast side of Alamitos, between 7th and 10th.
ElectricStandard
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Facing DirectionWest
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income122412.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense6122.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet6483.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense5819.0
MobileHomeRemainsYNNo
Net Operating Income71958.0
New ConstructionNo
Number Of Units Total4
Open Parking Spaces0.0
Operating Expense44414.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidentialIncome
Rent Control Y/NYes
RoofComposition, Flat
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameEastside (ES)
Tax Lot39
Taxes$18,125
Tenant PaysElectricity, Gas, TrashCollection
Trash Expense2000.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
Water Sewer Expense2325.0
Waterfront Y/NNo
Year Built1922
Year Built SourceAssessor
ZoningLBR4N
Exterior for 816 Alamitos Avenue
Building Area Total3498.0
Crops Included Y/NNo
FencingBlock, Wood, WroughtIron
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.1488
Lot Size Area6483.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved, Paved
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Keegan Cin
Team Lead
Price
$1,450,000
MLS#SB25066385
List Date
03/27/2025
Property Type
Multi-Family
Phone
(310) 963-5595
