1236 E 1st Street Long Beach, CA $ 3,850,000
1236 E 1st Street
$ 3,850,000
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1236 E 1st Street

Long Beach, CA, 90802
$ 3,850,000
Bedrooms13 Baths2.0 Sq 10,586

Monthly Estimate*

$ 26,893

Listed by Pabst, Kinney & Associates
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Multi-Family Home for sale in Long Beach, CA

for $3,850,000 with 13 bedrooms and 2 full baths. This 10,586 square foot home was built in 1928 on a lot size of 0.1897.

Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!

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Multi-Family Active

Price

$ 3,850,000

Bedrooms

13

Full Bath

2

Property Type

Multi-Family

Taxes

$ 0

Style

Spanish

Lot Size

0.1897

Year Built

1928

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW24057202

Days on Market

42

Features
General
Sewer PublicSewer
Utilities ElectricityConnected NaturalGasConnected SewerConnected WaterConnected
Possession CloseOfEscrow
Zoning LBR4R
HOA 0.0
Garage Spaces 0.0
Architectural Style Spanish
Pool Features None
Construction Materials Stucco
Year Built 1928
Electric ElectricityOnProperty
Tenant Pays Electricity
View None
Stories 2
Levels Two
Property SubType Apartment
Gross Income 252600.0
Community Features Curbs Sidewalks Park
County Los Angeles
Net Operating Income 139678.0
Operating Expense 105322.0
Insurance Expense 5919.0
New Construction N
Property Type ResidentialIncome
HOA / Comm Assn N
Attached Garage N
Subdivision Name Alamitos Beach (AB)
Garage Y/N N
Special Listing Conditions Standard Trust
Status Active
Directions East of Orange South of Broadway
City Long Beach
Entry Location 1
View Y/N N
Senior Community Y/N N
Open Parking Spaces 0.0
Total Units 14
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Square Feet 8263.0
Private Pool N
Waterfront Y/N N
Carport Spaces 0.0
Carport Y/N N
Street Name 1st
Listing Terms Cash CashtoExistingLoan CashtoNewLoan Conventional TrustConveyance
Spa Features None
Property Attached Y/N Y
Land Lease Y/N N
Electric Expense 0.0
Home Warranty Y/N N
Current Financing Conventional
Fuel Expense 0.0
Property Condition RepairsCosmetic
Trash Expense 0.0
Water Sewer Expense 0.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N Y
Days on Market 0
Building Area Units SquareFeet
Standard Status Active
Year Built Source PublicRecords
Tax Lot 6
Total Actual Rent 21050.0
Property Sub Type Additional Apartment
Cap Rate 3.6
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Interior
Flooring Laminate
Total Stories 2
Common Walls Item2CommonWalls
Basement (Y/N) N
Air Conditioning Y/N N
Heating Y/N N
Fireplace Y/N N
Street Suffix Street
Laundry Features CommonArea
Entry Level 1
Electric On Property Y/N N
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Exterior
Parking Features None
Lot Features Level NearPark NearPublicTransit
Water Source Public
Total Parking 0.0
Lot Size Area 8263.0
Number of Buildings 1
Spa N
Building Area Total 10586.0
Lot Dimensions 55' X 151'
Lot Size Acres 0.1897
Road Surface Type Paved
Lot Size Units SquareFeet
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 15
Road Frontage Type Alley CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 1236
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* Excluded Features
List By
Pabst, Kinney & Associates

Broker

(562) 987-3244

Phone

Affordability Calculator

$26,893
Per Month
100%
0%
0%
Monthly Principal & Interest
$26,893
Monthly Property Taxes
--
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
273443 Elementary School
272636 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
4/4/2024$3,850,000 Listed Price

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1236 E 1st Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,850,000 with 10,586 sqft and a lot size of 0.1897. 1236 E 1st Street has 13 bedrooms, 2.0 baths, and was built in 1928. The property's zip code is 90802 which is in Long Beach, CA