Downtown (Dt) Real Estate

Downtown (Dt) Real Estate

Welcome to Downtown (Dt), California, where urban living meets vibrant community spirit! Nestled in the heart of the Golden State, this dynamic subdivision is a true gem that offers a unique blend of modern convenience and rich cultural heritage.

Downtown Dt is characterized by its stunning skyline, bustling streets, and an eclectic mix of residential, commercial, and recreational spaces. Whether you're a young professional, a growing family, or a retiree looking to enjoy the vibrant lifestyle, this area has something for everyone. The beautiful tree-lined streets are home to a variety of architectural styles, from contemporary condos to charming historic buildings, creating a visually appealing tapestry that reflects the area’s diverse history.

One of the standout features of Downtown Dt is its accessibility. With a robust public transportation system, residents can easily navigate the city and beyond, making commuting a breeze. Plus, the subdivision is just a stone's throw away from major highways, ensuring that weekend getaways to California’s stunning beaches or picturesque mountains are always within reach.

Culinary enthusiasts will revel in the array of dining options available, from cozy cafés to gourmet restaurants, showcasing the best of local and international cuisine. Art lovers can immerse themselves in the vibrant cultural scene, with galleries, theaters, and live music venues providing endless entertainment.

In addition, Downtown Dt boasts an array of parks and green spaces, perfect for leisurely strolls, picnics, or simply unwinding in nature. With a strong sense of community, numerous events and festivals throughout the year bring residents together, fostering connections and creating lasting memories.

Discover the charm of Downtown Dt, where urban sophistication meets a welcoming community, making it the perfect place to call home!

Newest Listings in Downtown (Dt)

1019 Lewis, Long Beach
$3,700,000
PW26209030 MLS
1019 Lewis Avenue presents the opportunity to acquire a substantially renovated 16-unit multifamily property offering strong in-place cash flow, a stable income profile and additional rental upside in a highly walkable north Downtown Long Beach location. Offered at $3,900,000, the property generates a 7.00% current cap rate, with upside to a 8.14% market cap rate as rents move toward market levels. Ownership has invested approximately $400,000 in capital improvements, significantly reducing near-term capital expenditure requirements for a new investor. Fifteen of the property's 16 units have been fully renovated, while major building improvements include a new roof on one building, a newly sealed roof on the second building, a new 400-amp main electrical panel, upgraded subpanels and majority copper plumbing. The property features a highly desirable unit mix consisting of (14) 2BD/1BA units and (2) 1BD/1BA units. Current rents average $2,168 per unit, compared with projected market rents of ~$2,325, representing approximately 7% overall rental upside. Scheduled rental income has the potential to increase from $416,268 to $446,400 annually as rents are brought toward market levels. The property benefits from a stable income profile, with the majority of residents participating in HACLA or HACLB housing assistance programs. This provides an attractive combination of dependable rental income and continued organic upside as below-market rents are adjusted over time. Two newly constructed ADUs have already been incorporated into the property, increasing the asset's income-producing unit count while demonstrating the property's ability to accommodate additional density. Ownership has identified the potential for additional ADU development, providing a future investor with another avenue for long-term value creation beyond the existing rental upside. At the $3,700,000 offering price, 1019 Lewis generates $273,402 in current NOI, equating to a 7.00% current cap rate and 8.59 GRM. At projected market rents, NOI increases to ~$301,169, supporting a 8.14% market cap rate and 8.03 GRM. The combination of strong day- one yield and ~$27,767 in additional NOI potential provides investors with meaningful current income without relying on an extensive renovation or repositioning program. Located just north of Downtown Long Beach, 1019 Lewis provides convenient access to the city's employment centers, shopping, dining, transit and ocean.

1019 Lewis, Long Beach

Listing courtesy of Listing Agent: Robert Stepp (rstepp@steppcommercial.com) from Listing Office: Keller Williams Realty Downey.

420 Olive, Long Beach
$769,000
2 Beds ⋅ 2 Baths ⋅ OC26165621 MLS
1911 Bungalow • Extensive Renovation • 2 Bedrooms / 2 Bathrooms • East Village Arts District • Downtown Long Beach • Near Alamitos Beach Located at 420 Olive Ave in Long Beach, this beautifully revived 1911 bungalow blends the character of a classic Long Beach home with the modern systems and finishes buyers want today. Offering approximately 1,000 sq ft with 2 bedrooms and 2 bathrooms, the home was taken down to the studs and thoughtfully reimagined from top to bottom. The open-concept living space flows into a custom kitchen with quartz countertops, center island with seating, new cabinetry, and modern finishes, creating a comfortable gathering space for everyday living and entertaining. Seamless flooring, new drywall, doors, trim, baseboards, interior and exterior paint, double-pane windows, and updated fixtures give the home a clean, cohesive feel while preserving its bungalow character. Both bathrooms have been completely renovated, including the addition of a second bathroom, adding functionality rarely found in homes of this era. Behind the finishes is an extensive list of major improvements, including a complete electrical re-wire with upgraded electrical panel, full-house re-pipe, updated drains and plumbing fixtures, ductless mini-split heating and air conditioning, new water heater, and double-pane windows. This is much more than a cosmetic remodel—the major systems have been thoughtfully addressed as part of the renovation. The location completes the package. Situated in the East Village Arts District of Downtown Long Beach and just over a half a mile from Alamitos Beach, the home is near the shoreline bike path, restaurants, coffee shops, local boutiques, galleries, Shoreline Village, The Pike Outlets, and Downtown Long Beach entertainment. A rare opportunity to own a fully re-imagined 1911 Long Beach bungalow with 2 bedrooms, 2 bathrooms, modern systems, historic character, and coastal Downtown Long Beach living.

420 Olive, Long Beach

Listing courtesy of Listing Agent: Frank Magdaleno (Realest8frank@baybrookre.com) from Listing Office: BayBrook Realty.

360 W OCEAN BLVD Unit 407, Long Beach
$399,000
1 Beds ⋅ 1 Baths ⋅ RS26199139 MLS
Welcome to 360 W Ocean Blvd, Unit 407, where coastal living meets the energy and convenience of Downtown Long Beach. This inviting residence offers an exceptional location along iconic Ocean Boulevard, just moments from the beach, waterfront, dining, shopping, entertainment, and some of the city’s most popular destinations. Enjoy easy access to Shoreline Village, The Pike Outlets, Downtown Long Beach, and nearby waterfront attractions, making it easy to experience everything this vibrant coastal community has to offer. Whether you’re seeking a primary residence, second home, or convenient coastal retreat, Unit 407 offers an appealing combination of location, lifestyle, and flexibility. Residents enjoy community amenities including a rooftop solarium with panoramic views, community laundry facilities, controlled access, and on-site management. With its central Downtown location and proximity to the coast, this is a wonderful opportunity to enjoy the best of Long Beach living. Great investment opportunity with Airbnb/short-term rental potential, subject to local regulations and HOA rules. Additional on-site storage is included, and parking may be available for an additional fee. Buyer to verify all property details, parking requirements, HOA amenities, rules, restrictions, and rental requirements or limitations with the appropriate sources.

360 W OCEAN BLVD Unit 407, Long Beach

Listing courtesy of Listing Agent: Keisha Blanks (listandinvestwithkb@gmail.com) from Listing Office: Brown House Realty.

133 The Promenade N Unit 118, Long Beach
$799,000
2 Beds ⋅ 3 Baths ⋅ SB26197249 MLS
Experience the ultimate in sophisticated city living with this highly sought-after luxury townhome—where designer style meets modern comfort. At the heart of the open-concept first level is a show-stopping chef’s kitchen, featuring a premium Pirch faucet, beautifully refinished cabinetry, a generous island, and sleek Caesarstone countertops—perfect for cooking, entertaining, or simply enjoying your morning coffee. Upstairs, unwind in your luxurious primary suite, complete with an expansive walk-in closet and a spa-inspired bathroom boasting dual sinks, a rain shower, and a separate six-foot soaking tub. The second bedroom offers comfort and privacy with its own en-suite bath, while the versatile loft in between provides an ideal space for an office, creative studio, or cozy lounge. Designed with style and sophistication in mind, this home features 12-foot ceilings, recessed lighting, surround sound, exposed ducts, modern steel stair railings, custom window coverings, and durable vinyl floors throughout. Enjoy two private patios overlooking tranquil fountains—a serene urban escape. HOA includes FIOS internet, basic cable, and water, offering both convenience and value. Located in the acclaimed Promenade development, residents enjoy an impressive array of amenities: a pet-friendly community with complimentary guest parking and EV charging stations, a chic clubroom with full kitchen and pool table, outdoor social patio and bar, cozy courtyard lounge with fireplace, and a fully equipped gym and yoga studio. All of this in the heart of Downtown Long Beach, just steps from the beach, boardwalk, restaurants, museums, shopping, and nightlife. Explore The Pike, marina, Queen Mary, Pine Avenue, Belmont Shore, farmers markets, and more—all within a few blocks. Live the lifestyle you’ve been dreaming of—modern, connected, and effortlessly luxurious.

133 The Promenade N Unit 118, Long Beach

Listing courtesy of Listing Agent: Amy Wilson (amy.wilson@redfin.com) from Listing Office: Redfin Corporation.

1211 Magnolia Avenue, Long Beach
$3,200,000
SB26197731 MLS
We are pleased to present 1211 Magnolia Avenue, a pride-of-ownership, turnkey 16-unit multifamily property located in Long Beach. The property features an efficient all one-bedroom unit mix, five garages, on-site laundry, and additional upside through modest rent growth and potential garage-area ADUs. At the asking price, 1211 Magnolia is offered at approximately $294 per square foot while generating a 6.80% current capitalization rate and a 7.74% pro forma capitalization rate. The investment thesis is straightforward: acquire a well- renovated asset at a discounted basis, capture a near-7% day-one yield, and retain additional upside through rent normalization and potential future ADU development. The property offers investors a true ease-of-management opportunity. Current ownership extensively renovated the building with the intention of holding it for the long term, completing comprehensive upgrades while preserving its original 1930s Spanish-style character. The rehabilitation was executed with that character in mind, including restoration of original oak flooring and installation of mission-style lighting, alongside fully remodeled interiors, replacement windows, upgraded electrical meters, plumbing and HVAC systems. Renovation decisions prioritized quality, durability and longevity. With the renovated units leased at market rents, a new owner benefits from immediate stabilized income without the execution risk, downtime or capital requirements typically associated with a value-add renovation program. Importantly, the pro forma rents can be achieved through annual rent increases alone, with no further capital expenditure required. 1211 Magnolia Avenue is situated in Long Beach’s Willmore neighborhood, just minutes from Downtown Long Beach, its waterfront amenities and the 710 Freeway.

1211 Magnolia Avenue, Long Beach

Listing courtesy of Listing Agent: Nico Rosmarin (nico@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..

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