$875,000
OPEN SAT 2PM - 5PM

Estimated payment $4,990/month

Total Views 6,394
2 Beds
2 Baths
1,600 Sq Ft
$547 Price per Sq Ft

Highlights

  • No HOA
  • Double Pane Windows
  • Laundry Room
  • Long Beach Polytechnic High School Rated A
  • Cooling System Mounted To A Wall/Window
  • 2-minute walk to Miracle On Fourth Street Park

About This Home

Located just blocks (1/2 Mile) from the ocean in the desirable Alamitos Beach neighborhood, this charming and thoughtfully upgraded duplex offers an exceptional opportunity for both owner-users and savvy investors. The property features two well-maintained one-bedroom, one-bathroom units, each approximately 800 square feet, currently generating strong rental income. Each unit showcases its own distinct character and modern finishes that enhance both functionality and style. Unit 1635 has been updated and freshly painted throughout, ready to be rented or for a new owner to occupy. The kitchen is appointed with an abundance of cabinet space, granite countertops, a convenient eat-up bar, matching granite window sills, dishwasher, and elegant crown molding. A custom-built entertainment center adds a refined focal point to the living room, while the bathroom is finished with custom tile work and includes a luxurious sunken whirlpool bathtub for a spa-like experience. Next door, Unit 1633 offers a recently remodeled bathroom complete with a fiberglass tub enclosure and modern fixtures. The spacious kitchen is equally inviting, featuring oak cabinetry and tile countertops that balance durability with charm. Both units are equipped with recessed lighting, ceiling fans, mirrored sliding closet doors in the bedrooms, and dual-pane white vinyl windows that improve energy efficiency and sound insulation. Each unit also includes its own in-unit laundry room with hookups. Both units have low-maintenance laminate flooring, along with upgraded copper plumbing. The exterior spaces are equally well-designed for comfortable coastal living. Each unit enjoys its own private backyard area, enclosed with new vinyl fencing for added privacy. The yard for Unit 1635 features newly poured concrete patio and steps, while the front yard is landscaped with low-maintenance artificial turf for year-round curb appeal. All utilities are tenant-paid, keeping operating costs low. With its unbeatable location, smart upgrades, and strong income potential, this duplex presents a rare opportunity to own a well producing property in one of Long Beach’s most vibrant and walkable beachside communities. Take advantage as Long Beach is set to host the upcoming 2028 Summer Olympics and will host an influx of Olympic visitors. Up-side potential in rentals and possible short-term rentals with many events in Alamitos Beach, Belmont Shore, Marine Stadium and Long Beach Arena.

Listing Agent

Blair Newman

Berkshire Hathaway HomeServices California Properties Brokerage Phone: 562-822-6532 License #01459316 Listed on: 05/24/2025

Berkshire Hathaway HomeServices California Properties

Open House Schedule

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,778

Year Built

  • Built in 1914

Lot Details

  • 3,017 Sq Ft Lot
  • 1 Common Wall
  • Vinyl Fence
  • Front Yard

Parking

  • On-Street Parking

Home Design

  • Duplex
  • Composition Roof

Interior Spaces

  • 1,600 Sq Ft Home
  • 1-Story Property
  • Double Pane Windows

Bedrooms and Bathrooms

  • 2 Bedrooms
  • 2 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Outdoor Features

  • Exterior Lighting

Utilities

  • Cooling System Mounted To A Wall/Window
  • Wall Furnace
  • Private Water Source

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 2
  • Assessor Parcel Number 7275015027
  • $432 per year additional tax assessments
  • Seller Considering Concessions

Community Details

Overview

  • No Home Owners Association
  • 2 Units
  • Alamitos Beach Subdivision

Building Details

  • 2 Leased Units
  • 2 Separate Electric Meters
  • 2 Separate Gas Meters
  • 2 Separate Water Meters
  • Insurance Expense $976
  • Other Expense $1,095
  • Pest Control $552
  • Professional Management Expense $3,499
  • Operating Expense $6,122
  • Net Operating Income $46,426

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,778

Year Built

Built in 1914

Lot Details

0

Listing Details

  • CapRate: 5.30
  • Price Per Unit: 437500
  • Professional Management Expense: 3499.00
  • Property Attached: Yes
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBR1N
  • Property Sub Type: Duplex
  • Property Type: Residential Income
  • Parcel Number: 7275015027
  • Year Built: 1914
  • AgentOnly_SellerConsiderConcessionYN: Yes
  • Special Features: OpenHouse

Interior Features

  • Fireplace: No
  • Stories: 1
  • Entry Location: 1
  • Common Walls: 1 Common Wall
  • Entry Level: 1
  • Levels: One
  • Price Per Square Foot: 546.88
  • Window Features: Double Pane Windows

Exterior Features

  • Fence: Yes
  • Fencing: Vinyl
  • Pool Private: No
  • Roof: Composition

Garage/Parking

  • Parking: No
  • Parking Features: Street

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Gas Dryer Hookup, Inside, Washer Hookup
  • Pest Control Expense: 552.00
  • Sewer: Public Sewer
  • Water Source: Private
  • Cooling: Wall/Window Unit(s)
  • Cooling: Yes

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Front Yard
  • Lot Size Sq Ft: 3017.00
  • Lot Size Acres: 0.0693

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Average1 Bed Area: 800 Square Feet
  • Gross Multiplier: 17.00
  • Gross Scheduled Income: 52548.00
  • Insurance Expense: 976.00
  • Lot Size Area: 3017.0000 Square Feet
  • Net Operating Income: 46426.00
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number Of Units Leased: 2
  • Number Of Units Total: 2
  • Number Wall A C: 1
  • Number With Dishwasher: 1
  • Number With Range: 2
  • Number With Refrigerator: 1
  • Operating Expense: 6122.00
  • Other Expense: 1095.00
  • Other Expense Description: Maint.
  • Rent Control: No
  • Total Actual Rent: 4206.80
  • Total Expenses: 6122.00

Tax Info

  • Tax Census Tract: 5765.03
  • Tax Lot: 1
  • Tax Tract Number: 2
  • TaxOtherAnnualAssessmentAmount: 432.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,778 $192,097 $84,520 $107,577
2024 $2,778 $188,331 $82,863 $105,468
2023 $2,729 $184,639 $81,239 $103,400
2022 $2,572 $181,020 $79,647 $101,373
2021 $2,510 $177,472 $78,086 $99,386
2019 $2,475 $172,210 $75,771 $96,439
2018 $2,366 $168,835 $74,286 $94,549
2016 $2,173 $162,281 $71,402 $90,879
2015 $2,092 $159,844 $70,330 $89,514
2014 $2,087 $156,714 $68,953 $87,761
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
05/24/2025 05/24/25 For Sale $875,000 0.0% $547 / Sq Ft
07/08/2021 07/08/21 Rented $1,795 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Purchase History

Date Type Sale Price Title Company
Interfamily Deed Transfer -- --
Interfamily Deed Transfer -- North American Title Co
Grant Deed $125,000 Fidelity Title
Gift Deed -- Fidelity Title
Grant Deed $100,000 Fidelity National Title
Trustee Deed $209,468 Southern California Title Co
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $504,000 Negative Amortization
Closed $50,100 Credit Line Revolving
Closed $90,000 Credit Line Revolving
Closed $450,000 Fannie Mae Freddie Mac
Closed $75,000 Credit Line Revolving
Closed $216,500 Unknown
Closed $30,000 Credit Line Revolving
Closed $185,000 Unknown
Closed $30,000 Credit Line Revolving
Closed $161,000 No Value Available
Closed $32,500 Stand Alone Second
Closed $122,552 FHA
Closed $123,978 FHA
Previous Owner $90,000 Seller Take Back
Source: Public Records

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25114547

California Regional Multiple Listing Service (CRMLS)

APN: 7275-015-027