Belmont Heights, Alamitos Heights (2) Homes with Mixed Use Subtype

Welcome to Belmont Heights and Alamitos Heights, two of Long Beach’s most charming neighborhoods, where coastal living meets urban convenience. Nestled in the heart of Los Angeles County, these vibrant communities offer a unique blend of residential comfort and mixed-use opportunities, making them ideal for both homeowners and investors alike.

Belmont Heights is renowned for its picturesque tree-lined streets and stunning views of the Pacific Ocean. Here, you’ll find a mix of architectural styles, from classic Craftsman homes to modern condos, all infused with the character and charm that define this coastal enclave. Residents enjoy easy access to local parks, boutique shops, and delightful eateries, creating a neighborhood atmosphere that feels both intimate and lively.

Just a stone’s throw away, Alamitos Heights boasts a more contemporary vibe, with a variety of homes that cater to diverse lifestyles. This area is particularly attractive for those seeking mixed-use properties, where residential living harmoniously coexists with commercial spaces. This flexibility not only enhances the community's vibrancy but also opens doors for innovative business opportunities right at your doorstep. Imagine living above a trendy café or art studio, where creativity and community thrive.

Both Belmont Heights and Alamitos Heights are strategically located near major transportation routes, making commuting to downtown Los Angeles or enjoying a day at the beach a breeze. With a strong sense of community and a wealth of amenities, these neighborhoods are perfect for those looking to embrace the Southern California lifestyle. Whether you’re seeking a home, an investment, or a little bit of both, Belmont Heights and Alamitos Heights are waiting to welcome you home.

Newest Belmont Heights, Alamitos Heights (2) Homes with Mixed Use Subtype

$4,400,000

PW26170001 MLS ⋅ Active Status

445 E. 3rd Street is a 22-unit multifamily asset located in Long Beach’s East Village Arts District, a dense, walkable submarket within Downtown that continues to attract a steady base of renters driven by proximity to employment, transit, and lifestyle amenities. The property consists of (14) studio units and (8) 1BD/1BA, providing an efficient unit mix aligned with prevailing demand in the area. The seller has invested approximately $530,000 in capital improvements, including interior common areas (hallways, stairwells, keypads), unit interior renovations, new turf and landscaping on exteriors. All unit interiors are completely renovated with designer fixtures and finishes. Approximately $18,200 has been invested per studio unit renovation and ~$19,200 invested per 1BD/1BA renovation. 445 E. 3rd Street is priced at a 5.84% cap rate and 10.10 GRM in place, with clear embedded upside. As rents move to market and RUBS is implemented, the property stabilizes at a 6.82% cap rate and 9.12 GRM—a 98-basis-point expansion in yield and nearly a full point of GRM compression. That equates to $41,075 of additional annual NOI, a 16% increase in cash flow at no change in basis.

445 E 3rd, Long Beach

$2,150,000

PW26093940 MLS ⋅ Active Status

The subject is a mixed-use complex with a prime location in the very desirable Belmont Heights neighborhood of Long Beach, California. The Property includes one, two-story building constructed in 1923 and renovated on multiple occasions. The building totals 7,701 sf in size and is situated on a level, rectangular 5,414 sf parcel on the southwest corner of East 4th Street, and Ximeno Avenue. The Property has nine, one-bedroom/one bath apartment units plus an approximately 1,500 square foot commercial suite located on the first floor at the hard corner. The commercial unit is leased to Egg Heaven Cafe, which opened in 1969 and is considered to be one of the most well-known and loved breakfast diners in the city. East 4th Street is a a busy mixed-use street developed with retail, office, multi-residential units and a few single-family homes. It is one of the main east/west traffic corridors through the neighborhood. Belmont Heights is one of the area's most sought-after coastal submarkets with a broad tenant base of young professionals, families and long-term residents. Woodrow Wilson High School is located just three blocks to the north of the Property. The 229-acre, city-owned Recreation Park is located one-quarter mile to the east and features a community center, two golf courses, a tennis center, fishing pond and a baseball stadium. The heart of trendy Belmont Shore is three quarters of a mile to the south. California State University, Long Beach is located one and one-quarter miles to the northeast. City Beach, Bluff Park and the Belmont Pier are less than one mile to the south. Long Beach Municipal Airport is located less than three miles to the north. Anduril Industries, a cutting-edge defense technology company specializing in artificial intelligence applications has recently announced that it is commencing a $1 billion redevelopment of land adjacent to the Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. This is the first offering for sale of the Property since the current Owner acquired it in 2004. The property is fully-occupied and rarely has vacant units. Current apartment rental rates are below market and range up to $1,695 per month. The property is subject only to State of California rent control. Most tenants occupy units on a month-to-month basis.

4340 E 4th Street E, Long Beach

$2,445,000

PW26074402 MLS ⋅ Active Status

A Masterfully Reimagined Investment Opportunity: Step into one of Long Beach’s most desirable coastal neighborhoods. This exceptional multifamily estate has been extensively transformed, blending timeless architectural charm with sophisticated modern finishes to establish a new benchmark for turnkey investment excellence. A rare offering for the discerning investor, the property delivers both enduring value and elevated living. This premier six unit asset has undergone an extensive renovation with premium-quality finishes throughout, offering the ideal balance of classic character and contemporary luxury. The beautifully updated building has been thoughtfully modernized for today’s lifestyle, featuring all new gourmet kitchens, elegantly remodeled bathrooms, luxury vinyl plank flooring, mini-split climate control systems, upgraded electrical, and entirely new plumbing throughout the property. Further enhancing the estate’s value and versatility are two newly constructed accessory dwelling units (ADUs), seamlessly integrated into the property’s design. Each ADU has been carefully crafted with privacy, functionality, and style in mind, offering private in unit laundry, thoughtfully designed floor plans, and refined interiors that maximize both comfort and efficiency. Additionally, the property features three generously sized garages, providing secure parking and added convenience for tenants and owners alike. The level of craftsmanship and attention to detail is evident throughout the entire property, far too many upgrades and enhancements to fully capture here. Please inquire for a comprehensive list of improvements. Ideally located near the vibrant Belmont Shore Second Street corridor, residents enjoy immediate access to an incredible collection of boutique shopping, renowned restaurants, charming coffee shops, and an energetic coastal atmosphere, all within close proximity to the ocean and Long Beach’s scenic waterfront lifestyle.

625 Orizaba Unit 6, 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.