1043 Alamitos Avenue, Long Beach, CA 90813
Property · 2 recorded sales since 2014
Sold August 2023
Listing Agent: Kamfar Kyle Mirrafati (DRE #01911204) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Joseph Finkelstein · Buckingham Investments, Inc · MLS #23259695 · Source: CRMLS
About this property
We are pleased to offer the opportunity to acquire 1043 Alamitos Avenue, a 3-unit apartment building located in a rapidly evolving neighborhood of Long Beach. 1043 Alamitos Avenue is a unique property that offers a buyer the opportunity to convert the unused garage space into a brand new 1-bedroom ADU unit which will provide an investor with over 95% rental upside potential. Built in 1929, this 2,240 SqFt bungalow style apartment features gated access to the building and a great unit mix of majority 2-bedroom units. The front two structures have been completed renovated with new bathrooms, restored hardwood floors, new cabinetry, and new utility lines throughout. The property is well-maintained with all units possessing new tankless water heaters, new roofs, and utility lines, but still offers plenty of potential for an investor to capitalize on the incomplete renovations for the 1-bedroom unit and easily convert the garage into a large 1-bedroom ADU.
Listing description from the August 2023 sale, as reported to CRMLS.
Sale history
