Long Beach Homes with Apartment Subtype

Long Beach Homes with Apartment Subtype

Welcome to Long Beach, California – a vibrant coastal city that beautifully blends urban sophistication with a laid-back beach lifestyle. Nestled in Los Angeles County, Long Beach is renowned for its stunning waterfront, diverse culture, and thriving arts scene. With its picturesque beaches, bustling downtown, and a variety of recreational activities, it’s no wonder that Long Beach is a sought-after destination for homebuyers and renters alike.

One of the most appealing aspects of Long Beach is its eclectic mix of residential options, including homes with apartment subtypes. These properties offer the perfect balance for those seeking a dynamic living experience. Whether you are a first-time buyer, an investor, or looking for a multi-generational living solution, homes with apartment subtypes in Long Beach provide flexibility and convenience. Imagine living in a charming house while having the option to rent out an apartment for additional income or accommodating family members in a separate yet close-knit space.

Long Beach's neighborhoods are as diverse as its residents, offering a range of architectural styles from historic bungalows to modern condos. The city is also home to a variety of parks, cultural institutions, and a vibrant dining scene, ensuring there’s always something to explore. With easy access to major highways and public transportation, commuting to downtown Los Angeles or enjoying a day at the beach is a breeze.

Discover the charm and opportunities that await you in Long Beach, where your dream home with an apartment subtype is just around the corner!

Newest Long Beach Homes with Apartment Subtype

5529 Dairy, Long Beach
$3,350,000
SB26216803 MLS ⋅ Active Status
5529 Dairy Ave is a rare opportunity to own a turnkey 10-unit, non-rent-controlled apartment building in North Long Beach that produces strong cash flow from day one. Offered at $3,350,000, the property delivers an approximately 7% cap rate on current scheduled rents. The building was taken down to the framing in 2022 under permit and extensively rebuilt with a new roof, new electrical and plumbing systems, new HVAC, new windows, and an individual water heater for every unit. Interiors feature new cabinetry, flooring, recessed lighting, updated bathrooms, and stainless steel appliances, complemented by drought-tolerant landscaping. The unit mix consists of five 1 bed / 1 bath units and five 2 bed / 1 bath units, including three newly built ADUs. Gas and electricity are separately metered and paid directly by the tenants. Five of the ten units are master leased to a single organization, providing one rent payment each month and reduced property management demands. With every major building system substantially new, near-term capital expenditure requirements are minimal. As a non-LA-City rent-controlled asset, the property also allows significant 8.7% annual rent increases (5% + CPI) for future upside. The property is located roughly five miles from Douglas Park and the Long Beach Airport aerospace corridor, where Anduril, Rocket Lab, Relativity, and other major employers continue to expand, and offers convenient access to the 710, 91, and 405 freeways. A coastal-city rental market without coastal-city pricing.

5529 Dairy, Long Beach

3121 E 5th Street, Long Beach
$2,595,000
OC26214397 MLS ⋅ Active Status
3121 East 5th Street is a 5-unit multifamily investment property located in Long Beach, California. Constructed in 1930 and known as Casa Valencia, the property features a unit mix of five 2-bed/1-bath residences totaling 5,822 square feet. Four of the units offer approximately 1,242 square feet of living space, while the fifth totals approximately 854 square feet. Four single-car garages and four surface space provide an attractive parking ratio. Casa Valencia retains a collection of original Spanish Revival details that distinguish the property from more conventional apartment inventory. Architectural features include plaster barrel-vaulted ceilings, curved archways and period Spanish Revival fixtures, complemented by oak flooring and dedicated dining rooms in 4 of the 5 residences. Ownership has renovated 2 of the 5 units with new kitchens, stainless-steel appliances and in-unit washer/ dryers while also completing electrical and exterior improvements throughout the property. Most notably, Unit 3127, the renovated 1,242-square-foot residence, currently rents for $3,495 per month, compared with approximately $1,770 to $2,528 for the three remaining residences of the same size. This in-place performance provides a clear benchmark for the property’s value-add potential as the remaining units are improved over time. Located in Long Beach’s 90814 ZIP, Casa Valencia places residents near Fourth Street’s Retro Row, Bluff Park and the coastline, with convenient access to Belmont Shore, Downtown Long Beach and the surrounding area’s dining, shopping and recreational destinations. Together, Casa Valencia’s preserved architectural character, oversized 2-bedroom floor plans and demonstrated renovation premium provide a distinctive foundation for continued value creation.

3121 E 5th Street, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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