
Long Beach, California 90802
This Triplex Investment Asset in Alamitos Beach represents a strategic development opportunity with a List Price of $899,000. Positioned near its $842,425 Fair Market Value, the pricing reflects the premium for a rare 7,493 sq. ft. lot with significant ADU development potential. The 1911 Craftsman bungalow and rear duplex are in Poor Condition, requiring substantial rehabilitation to modernize the units and capture market rents. With Ample Parking, a private patio, and access to Top-Rated Schools like Stevenson Elementary and Jefferson Leadership Academies, this Value-Add acquisition is a prime target for Buy-and-Hold Investors or Developers looking to maximize density.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1900 E 6th Subject | $899,000* List Price | 0 | 0 | 2,624 | $321 | - |
A 419 Rose Avenue Sold | $757,500 | 0 | 0 | 2,448 | $309 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
The property, built in 1911, is a three-unit investment opportunity. While the exterior of the front Craftsman bungalow shows some vintage charm, the overall condition appears to be aged and in need of significant updates. The provided images do not showcase the kitchen or bathroom conditions in detail, but the general exterior appearance and the age of the property suggest that interior components, including kitchens and bathrooms, are likely outdated and may require substantial repairs or rehabilitation. There is no mention of updated systems (HVAC, electrical, plumbing), and the property analysis highlights 'Age of Property' and 'Limited Information on Unit Condition' as weaknesses. Therefore, it falls into the 'Poor' category, requiring substantial repairs and rehabilitation.
Situated in the highly desirable Alamitos Beach neighborhood, offering proximity to the beach, vibrant Downtown Long Beach, and the revitalized 4th Street Corridor, ensuring excellent walkability and access to amenities.
A three-unit property with a spacious lot presents significant upside potential for additional development, including Accessory Dwelling Units (ADUs), subject to city verification, maximizing return on investment.
Offers flexible ownership opportunities, including a pure income investment or an owner-occupant scenario with the front Craftsman bungalow and two income-generating units in the rear.
Built in 1911, the property may require significant updates and maintenance to meet modern standards and buyer expectations, potentially leading to higher renovation costs.
The description focuses on the exterior charm of the front unit and general layout of the rear units, with limited details on the interior condition and potential need for upgrades within each unit.
The property details do not specify the condition or age of essential systems such as plumbing, electrical, or HVAC, which could be a concern for potential buyers.
Three unit investment opportunity in Alamitos Beach, just minutes from the beach & Downtown and walking distance to the revitalized 4th Street Corridor. The property offers a unique mix and vintage character. The front unit is a freestanding 2 bedroom/1 bathroom 1911 Craftsman bungalow with a large covered porch, Arts & Crafts beam and rafter details, staggered wood clapboard siding, saw tooth wood eve vents, and decorative pyramidal post details & chimney. The front unit also has a fenced front yard, gated side yard for storage, and a long driveway offering parking for numerous vehicles. The back 2 units are a Spanish style building with ample parking accessed by an alley. The rear lower unit is 2 bedroom/1 bathroom and the upper unit is a 1 bedroom/1 bathroom. The lot is spacious and could offer upside and potential for additional development, ADUs, etc. (buyer to verify with city). The property presents many possibilities, from an pure income investment or an owner occupied front house with two units in the rear to offset costs. Location is well rounded close to the beach, dining, shopping, and entertainment.
No exterior & parking available.
Grades K-5 • 0.3 mi
Grades K-5 • 0.9 mi
Grades 6-8 • 0.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 2,624 | 2,765 | 47% |
| Lot Size | 7,493 | 5,022 | 73% |
| Price | $899.0K | $1.10M | 20% |
| Price per sq ft | $343 | $358 | 40% |
| Built year | 1911 | 1920 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 75 | 194 | 13% |
Feb 6, 2026
$899,000
Initial Listing