Remodeled Triplex Near Alamitos
For Sale
$725,000
1442 Alamitos Ave, Long Beach, CA 90813
Three-unit property with 2021 renovations, month-to-month leases, and access to downtown Long Beach and nearby coastal amenities.
Property Size1,064 SF
Price / SF$681.39
Days on Market52
Property Features for 1442 Alamitos Ave
General Information
Standard status
Active
Size
1,064 SF
Property subtype
Residential Income
Occupancy
100%
Additional Details
Highway Access
Yes
Multifamily Units
3
Building Details
Year Renovated
2021
Buildings
1
Listing Agency:
Compass
(310) 820-0195
Listed By:
Leah Guerra · License #01907093
(310) 945-8232
Source:
Exprealty
Added: Aug 27
Changed: Oct 11
Last Checked: Oct 16 at 11:50AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This three-unit residential income property contains 1,064 square feet and underwent remodeling in 2021. Improvements include a newer roof, updated bathrooms, fresh interior and exterior paint, energy-efficient split units in all three units, upgraded downspout performance, and new flooring in Unit B’s main living area. Each unit is currently occupied under a month-to-month lease.
The property is located at 1442 Alamitos Ave in Long Beach, near downtown Long Beach and Long Beach Community College. Alamitos Beach is approximately five minutes away, while the 710 and 405 freeways provide regional access. The unit configuration, recent updates, and existing tenancy provide a straightforward multifamily ownership profile.
The property is located at 1442 Alamitos Ave in Long Beach, near downtown Long Beach and Long Beach Community College. Alamitos Beach is approximately five minutes away, while the 710 and 405 freeways provide regional access. The unit configuration, recent updates, and existing tenancy provide a straightforward multifamily ownership profile.
Key Highlights
- Three‑unit property with 1,064 square feet
- Remodeled in 2021 with updated bathrooms and newer roof
- Energy‑efficient split units installed in all three units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,456
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,120
$489.1K
Cap Rate 7%
$349,371
$349.4K
Cap Rate 9%
$271,733
$271.7K
Market Conditions
NOI Build-Up for 1,064 SF
Gross rent
$36.4K $34.20/SF
− Vacancy
−$1.5K −$1.36/SF
EGI
$34.9K $32.84/SF
− OpEx
−$10.5K −$9.85/SF
NOI
$24.5K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$489,120
Cap Rate 7%
$349,371
Cap Rate 9%
$271,733
Alternative Uses
Best Use
Multifamily LT 5
$349.4K
$305.7K – $407.6K
NOI $24,456 @ 7.0% cap · market cap 3.37%
Second Best
Apartment 5plus
$322.0K
$281.7K – $375.6K
NOI $22,537 @ 7.0% cap · market cap 3.11%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
3
Residential units
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,270
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Triplex - Three-unit property with 2021 renovations, month-to-month leases, and access to downtown Long Beach and nearby coastal amenities.
Where is this triplex located?
The property is located at 1442 Alamitos Ave Long Beach, CA.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Three‑unit property with 1,064 square feet; Remodeled in 2021 with updated bathrooms and newer roof; Energy‑efficient split units installed in all three units
