Downtown Area, Alamitos Beach (4) Homes with Industrial Subtype

Welcome to the vibrant Downtown Area of Long Beach, California, where the allure of urban living meets the charm of coastal breezes. Nestled within this dynamic city is the stunning Alamitos Beach, a neighborhood that perfectly captures the essence of California coastal life. With its sun-kissed shores and bustling atmosphere, Alamitos Beach is a haven for those seeking a blend of relaxation and excitement.

In this thriving locale, you’ll find an eclectic mix of homes, including unique properties with an industrial subtype that exude character and style. These homes often showcase exposed brick walls, high ceilings, and large windows that flood the spaces with natural light, creating a warm and inviting ambiance. The industrial charm is complemented by modern amenities, making them perfect for those who appreciate contemporary living with a touch of history.

Living in the Downtown Area means you’re just steps away from an array of dining, shopping, and entertainment options. Stroll along the picturesque waterfront, indulge in trendy eateries, or explore the local art scene. Alamitos Beach offers a laid-back lifestyle, with opportunities for beach activities, parks, and community events that foster a sense of belonging.

Whether you’re a first-time homebuyer or looking to invest in a property that stands out, the industrial homes in this area provide a unique opportunity to experience the best of Long Beach living. Embrace the vibrant culture, stunning beaches, and the captivating charm of Downtown Long Beach—your dream home awaits!

Newest Downtown Area, Alamitos Beach (4) Homes with Industrial Subtype

$1,799,000

PW26189996 MLS ⋅ Active Status

317 Elm Avenue presents a rare opportunity to acquire a truly hands-off, income-producing asset in the heart of Downtown Long Beach. Located directly across the alley from a major United States Postal Service facility, the 7,512-square-foot parking lot is leased to the USPS for truck parking. Beginning February 1, 2027, the property will generate $9,895.83 per month—or $118,750 annually—under a new five-year lease. The USPS is responsible for all property maintenance, providing the owner with predictable income and minimal day-to-day management. Competitively priced at a 5.3% cap rate, the property offers investors an attractive combination of reliable income, exceptional credit tenancy and minimal operating responsibility. Notably, with no viable alternative parking for their vehicles in the area, the USPS operates as a captive tenant—a dynamic that strengthens the likelihood of lease renewal and creates a compelling opportunity to negotiate extended terms beyond the initial five-year period if desired. Beyond its strong current cash flow, the property offers compelling long-term development potential. The parcel is located within Downtown Long Beach’s PD-30 zoning district, positioning it for a variety of future development possibilities. The five-year lease runway gives an investor time to evaluate, design and pursue entitlements for a future project while continuing to collect substantial rental income.

317 Elm, Long Beach

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