Description

Three unit investment opportunity in Alamitos Beach, just minutes from the beach & Downtown and walking distance to the revitalized 4th Street Corridor. The property offers a unique mix and vintage character. The front unit is a freestanding 2 bedroom/1 bathroom 1911 Craftsman bungalow with a large covered porch, Arts & Crafts beam and rafter details, staggered wood clapboard siding, saw tooth wood eve vents, and decorative pyramidal post details & chimney. The front unit also has a fenced front yard, gated side yard for storage, and a long driveway offering parking for numerous vehicles. The back 2 units are a Spanish style building with ample parking accessed by an alley. The rear lower unit is 2 bedroom/1 bathroom and the upper unit is a 1 bedroom/1 bathroom. The lot is spacious and could offer upside and potential for additional development, ADUs, etc. (buyer to verify with city). The property presents many possibilities, from an pure income investment or an owner occupied front house with two units in the rear to offset costs. Location is well rounded close to the beach, dining, shopping, and entertainment.