Long Beach Homes with Apartment Subtype

Welcome to Long Beach, California—a vibrant coastal city nestled in the heart of Los Angeles County. Known for its stunning waterfront, diverse culture, and thriving arts scene, Long Beach offers an unparalleled lifestyle that blends urban convenience with beachside relaxation. With a rich history that dates back to the early 1900s, this city has evolved into a dynamic community that attracts residents from all walks of life.

Long Beach boasts a variety of neighborhoods, each with its unique charm and character. From the bustling downtown area, filled with trendy restaurants and shops, to the serene coastal neighborhoods that offer breathtaking ocean views, there's something for everyone. The city is also home to beautiful parks, a lively nightlife, and cultural landmarks like the iconic Queen Mary and the Long Beach Museum of Art.

For those looking to invest in real estate, Long Beach presents an attractive opportunity, particularly in the realm of homes with apartment subtypes. These versatile properties cater to a range of lifestyles, whether you're a first-time buyer seeking a cozy space or an investor looking for rental opportunities. Many homes with apartment subtypes feature modern amenities, spacious layouts, and proximity to public transportation, making them ideal for both families and professionals.

Living in Long Beach means enjoying year-round sunshine, a vibrant community, and a wealth of recreational activities. From beach volleyball to art walks, there's no shortage of things to do. Discover your perfect home in Long Beach and embrace the coastal lifestyle you've always dreamed of!

Newest Long Beach Homes with Apartment Subtype

$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

$1,350,000

PW26213009 MLS ⋅ Active Status

3046 Santa Fe Avenue presents an attractive multifamily investment opportunity in Long Beach, California, featuring a well-maintained six-unit community with strong in-place occupancy and future rental growth potential. The property consists of six spacious two-bedroom, one-bathroom units within a 3,520 SF building situated on a 4,928 SF lot, offering functional layouts designed to appeal to a broad tenant base. The asset benefits from onsite parking, individually metered utilities, and efficient operations while providing investors with a stable income stream and an opportunity to enhance value through continued rent optimization. Ideally located within the greater Long Beach market, the property offers convenient access to major employment centers, transportation corridors, retail destinations, dining, and recreational amenities, positioning it for long-term tenant demand and sustained investment performance.

3046 Santa Fe Avenue, Long Beach

$2,895,000

SB26175498 MLS ⋅ Active Status

1439 Cedar Avenue is a 16-unit apartment building with substantial remodeling and improvements. This property boasts a 9.01X GRM and a 6.5% cap rate off actuals. While this property has the charm of the 1920's with its higher ceilings and arched architecture, many of the systems and units have been upgraded/improved. The main electrical panel was upgraded in the 1990s. All the hot and cold-water supply lines were replaced in 2021. Prior to current ownership, the mail drain line was replaced with ABS in the larger than average crawlspace and substantial improvements were made to the foundation. All the units feature vinyl plank and ceramic-type tile flooring. Some units have had kitchen remodels with newer cabinets and quartz countertops. Pretty good mix of open floor plans and units with large walk-in closets. There are stairs leading to the roof for easy access and maintenance. There is on-site laundry and 4 garage spots which are rented for additional income. This property is located directly across the street from Washington Middle School which is currently undergoing a $176 million reconstruction process. It is conveniently located close to the 710 freeway, downtown Long Beach, and city transportation. 1439 Cedar Avenue offers steady cash flow with limited capital expenditure risk in a dense rental market.

1439 Cedar, Long Beach

$1,355,000

PW26205276 MLS ⋅ Active Status

4 UNITS IN PRIME DOWNTOWN LOCATION CONSISTING OF ALL 2 BEDROOM/ 1 BATHROOM UNITS. NEW ROOF PUT ON IN ~2022. SEPARATELY METERED FOR GAS AND ELECTRIC. 2 GARAGES IN FULLY GATED SECURED BACK OF BUILDING. BLOCKS TO THE BEACH, RESTAURANTS AND DOWNTOWN SHOPPING.

333 W 9th, Long Beach

$1,375,000

OC26209184 MLS ⋅ Active Status

328 West 8th Street is an 8-unit multifamily investment property located in Long Beach, California. 328 West 8th Street features an efficient unit mix consisting exclusively of studio apartments, with all 8 units having undergone extensive interior renovations. While finishes vary slightly by unit, the interiors generally feature vinyl plank flooring, shaker-style cabinetry, quartz countertops, subway tile backsplashes, stainless-steel appliances, range hoods, modern ceiling fans and updated paint. Bathrooms have also been modernized with tile flooring, updated showers and contemporary vanities. Seven of the eight units are equipped with in-unit washers and dryers. Ownership has invested more than $400,000 in capital improvements throughout the property, including substantial upgrades to both the interiors and exterior, resulting in a heavily modernized asset with significantly reduced near-term renovation requirements for a new owner. The property has been professionally managed and maintained, with electrical subpanels updated in 2024. The main electrical service is reported to be 200 amps, subject to buyer verification. From an operating standpoint, utilities are master-metered and currently paid by ownership, providing an opportunity for a future owner to implement a RUBS program and recover a portion of these expenses. Market underwriting assumes utility reimbursements of $50 per unit per month, creating an additional source of income while helping offset ownership’s utility costs. Located along a quiet, tree-lined residential street just blocks from Downtown Long Beach, 328 West 8th Street offers residents convenient access to shopping, dining, entertainment and everyday services. The property earns a Walk Score of 90, supporting a highly walkable lifestyle, while nearby access to the I-710 Freeway provides connectivity to employment centers throughout Long Beach and the surrounding region. With its renovated studio units, in-unit laundry in nearly every residence, completed electrical improvements and highly walkable Downtown-adjacent location, 328 West 8th Street offers a well-maintained multifamily asset with established improvements and an opportunity to enhance operating income through utility reimbursements.

328 W 8th Street, Long Beach

$3,100,000

PW26208894 MLS ⋅ Active Status

We are pleased to present 4126 Elm Ave, an 8 unit condo-quality trophy investment opportunity in Long Beach's Bixby Knolls. Built in 1977, the two-story building sits just two blocks off of the Atlantic Avenue corridor and just a few miles from the ocean and Downtown Long Beach. The 9,761 SF building sits on a 10,755 SF lot with an unusually large unit mix: three 1+1 units, four 2+2 units and one 3+2.5 owner’s unit, with the average SF of each unit being roughly 1,220 SF. Each unit has its own fireplace, heating and air conditioning, patio or balcony and garage parking, which is currently provided at no charge, providing immediate additional upside for a new buyer. Current rents average $2,256 against market rents of $3,008 — about 33% of upside — taking the property from a 4.23% cap rate to 6.91% pro forma. Bixby Knolls is a Walk Score 84 neighborhood anchored by the Atlantic Avenue corridor, SteelCraft Long Beach and the Expo Arts Center, with the 405 a mile south and Long Beach Airport under four miles away.

4126 Elm Ave, Long Beach

$1,650,000

PW26207416 MLS ⋅ Active Status

426 E 17th Street is a 10-unit apartment building in Long Beach’s Poly High neighborhood, aggressively priced at $1,650,000—just $165,000 per unit, 8.99 times gross income, and a 7.15% cap rate based on current income. The property features (5) 1bed/1bath units and (5) studios, including two newly constructed ADUs, along with new main electrical panels. The property offers easy access to Downtown Long Beach, local schools, the Metro line, and newer shopping centers.

426 E 17th, Long Beach

$1,599,000

PW26197901 MLS ⋅ Active Status

THIS PROPERTY IS CURRENTLY BEING RENTED AS TRANSITIONAL HOUSING. BUSINESS PLUS REAL ESTATE. HUGE NET INCOME. JUST A 3 MINUTE DRIVE TO THE OCEAN. EACH UNIT IS A 2 BEDROOM 1 BATH WITH ENCLOSED GARAGE. HIGH DEMAND FOR THIS TYPE OF PROPERTY, ALWAYS RENTED. THE OWNER JUST INSTALLED 2 TANKLESS HOT WATER HEATERS. PROPERTY MAY NEED SOME TLC. PLEASE CALL BROKER FOR MORE INFORMATION. PROPERTY NEXT DOOR AT 771 ALAMITOS AVE. IS ALSO LISTED FOR SALE.

801 Alamitos Avenue, Long Beach

$2,900,000

OC26203758 MLS ⋅ Active Status

820 Cedar Avenue is a 16-unit multifamily investment property located in Long Beach, California. 820 Cedar Avenue was built in 1928 and features a unit mix of 12 studios and 4 1-bedroom/1-bath units across approximately 10,584 square feet of net rentable area. The controlled-access property features interior hallways leading to the residences, an on-site laundry facility and 6 garage parking spaces. The laundry facility provides a convenient tenant amenity and ancillary income stream, while the garage spaces offer additional parking utility and revenue potential. The property has undergone substantial interior and building-system improvements. Ownership reports that all units feature new kitchens and bathrooms, with 14 of the 16 units taken down to the studs. Ownership also upgraded the property’s plumbing to copper, while electrical subpanels were upgraded in 13 of the 16 units. 820 Cedar Avenue is located near Downtown Long Beach and a short distance from the East Village Arts District, providing residents with convenient access to dining, entertainment and employment destinations throughout the city. The property is also near Shoreline Marina, the waterfront and the city’s beaches, while nearby I-710 provides connectivity throughout the region. The Ports of Long Beach and Los Angeles are also readily accessible from the property. 820 Cedar Avenue combines substantial interior and building-system improvements with practical resident amenities and proximity to major employment, entertainment and coastal destinations throughout Long Beach.

820 Cedar Avenue, Long Beach

$2,400,000

OC26203726 MLS ⋅ Active Status

1137 Junipero Avenue is an 11-unit multifamily investment property located in Long Beach, California. 1137 Junipero Avenue was built in 1963 and features a unit mix of 9 1-bed/1-bath and 2 2-bed/2-bath units totaling approximately 7,461 rentable square feet. The gated property offers an on-site laundry room and 6 garage parking spaces, providing residents with practical amenities while generating ancillary income beyond base rental revenue. The property further benefits from copper plumbing throughout, representing a meaningful completed building-system improvement. Located in Long Beach’s Eastside, 1137 Junipero Avenue is positioned near the Anaheim Street and 7th Street corridors, providing convenient access to daily-needs retail, dining and public transportation. The property is also a short drive from the 4th Street/Retro Row corridor, Belmont Heights, the waterfront and Downtown Long Beach, placing residents near many of the city’s primary employment, recreation and entertainment destinations. With a predominantly 1-bedroom unit mix, established ancillary income sources and completed plumbing upgrades, 1137 Junipero Avenue offers a well-rounded multifamily investment within an established Long Beach rental market.

1137 Junipero Avenue, Long Beach

$4,850,000

PW26203183 MLS ⋅ Active Status

The Lakewood Village Portfolio offers investors the rare opportunity to acquire three well-maintained mixed-use and SRO assets totaling 42 SRO units and 3 retail storefronts in one of Long Beach’s most desirable and supply-constrained neighborhoods. Located in Lakewood Village, an established infill community known for exceptional demographics, pride-of-ownership housing, and extremely low turnover, the portfolio provides strong in-place income and operational stability. Current income supports an attractive 7.2% cap rate and 7.83 GRM, positioning the offering as a compelling yield opportunity in a high-barrier submarket. Across the portfolio, all buildings are well maintained and exhibit true pride of ownership, with numerous physical, cosmetic, and system upgrades completed by ownership. The SRO units range between 100 and 200 square feet, with a mix of private layouts and others utilizing shared community bathrooms and showers, aligning well with the 30-day minimum stay model and helping maintain consistently strong occupancy. The three retail storefronts are individually metered for gas and electricity. Significant system improvements further enhance the portfolio’s long-term durability. All buildings have updated main electrical panels and subpanels. 4430 Village also offers dedicated 20-amp circuits in SRO rooms. The 4430 Village building includes 2 shared showers and 3 toilets and has a newer roof. All buildings are secured with security cameras and has an onsite laundry facility. The location offers exceptional convenience and connectivity. The properties are walking distance to Long Beach City College and minutes from Lakewood Golf Course, Heartwell Park, Parkview Village retail, and the region’s premier lifestyle destination, LBX (Long Beach Exchange)—a major draw for dining, retail, entertainment, and fitness concepts. This amenity-rich environment supports sustained demand for both residential and retail space.

4420 4408 E Greenmeadow, Long Beach

$2,850,000

OC26201934 MLS ⋅ Active Status

825 Roswell Avenue is a 9-unit multifamily investment property located in Long Beach, California. 825 Roswell Avenue is a well-maintained 1960s property featuring a stucco exterior accented by red tile roofing, landscaped frontage and gated access. The property features a unit mix of 1 studio, 7 2-bed/1-bath units and 1 3-bed/2-bath unit, providing a concentration of larger 2-bedroom floor plans. The property has also benefited from completed capital improvements including copper plumbing and a tile roof that was replaced approximately 2 to 3 years ago. The gated property offers on-site laundry and 6 garage parking spaces, providing residents with convenient amenities while creating additional income opportunities for ownership. Laundry currently generates supplemental revenue, while the garage spaces are included with tenant rents, providing future ownership with the potential to further monetize the property’s parking. The property benefits from a highly desirable Long Beach location approximately 1 block from Wilson High School and just blocks from Recreation Park, a setting that complements its predominantly 2-bedroom unit mix. Belmont Shore and the 2nd Street commercial corridor, California State University, Long Beach and Retro Row are also a short drive away, providing convenient access to some of the city’s most prominent shopping, dining, recreation and educational destinations. 825 Roswell Avenue is being offered in conjunction with the neighboring 4-unit property at 807 Roswell Avenue and 3-unit property at 815 Roswell Avenue. Each property is available for separate acquisition or may be purchased together, creating a rare opportunity to acquire 3 contiguous multifamily properties and establish a larger ownership presence along a single Long Beach block.

825 Roswell Avenue, 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.