Marcus & Millichap is pleased to present the opportunity to acquire 933 Alamitos Avenue, a 12-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California.
The 10,510 net square foot property consists exclusively of twobedroom units and offers amenities including security doors and onsite laundry.
933 Alamitos Avenue is just northeast of the East Village Arts District of Long Beach. This neighborhood is a vibrant, eclectic pocket within the city with boutique stores, art galleries, coffee shops and restaurants. The East Village is known for its walkability, and 933 Alamitos Avenue provides great access to all its amenities.
Historically known for its status as the preeminent harbor city on the West Coast, Long Beach continues to gain notoriety as an exciting and vibrant waterfront destination. Long Beach’s world-class port, prestigious university, unique business market, and unmatched local attractions have made it one of Southern California’s most desirable markets. Additionally, 933 Alamitos Avenue sits adjacent to some of the city’s highest concentration of new developments. These include numerous new residential and commercial developments that are revitalizing the landscape of the Downtown Long Beach.
Given the strength of the apartment market in Long Beach, 933 Alamitos Avenue offers an investor the ability to capture quality tenants seeking an exceptional living experience within a vibrant neighborhood. The areas surrounding the property provides tenants convenient access to a wide variety of activities, employment, transportation and retail amenities. This overall demand for well-located apartments will be a key driver in the continued growth and success at 933 Alamitos Avenue.