33.7665596008301 -118.177917480469

1142 E 1st Street #50 Long Beach, CA 90802

257990550 33.7665596008301 -118.177917480469 124 /listing/257990550-150289293/1142-e-1st-street-no-50-long-beach-ca-90802 False 0 4295000.0000 105 PW19275303 False
  • $4,295,000
  • 8,222 lot
  • Est payment $23056.49/mo

Property & Neighborhood Info

Courtesy Of Cameron Jacques, Kinnery's Brokerage House

Multi-Family in Long Beach

We are proud to present 1142 E. 1st. This sensational, fully rehabbed, turnkey, 14 unit, value add, apartment building is located just one block from Ocean Blvd, right in the heart of Alamitos Beach. With beautiful curb appeal, historically low vacancy rates, and a 4.81% Cap with room to move, this building is arguably the best investor opportunity in this location!The building is comprised of 14 highly desirable units (2, two beds/1 baths & 12, one beds/1 baths). All 14 units have been extensively upgraded to like new condition. Kitchen upgrades consist of: Granite counters, stainless steel appliances, all new cabinetry and fixtures throughout. Bathroom upgrades consist of Granite counters, all new tile flooring, wainscot, tubs, toilets and fixtures. All units have washer/dryers, and onsite laundry caters to guests.Alamitos Beach is neatly positioned between Belmont shore and Downtown. The building is just a short distance (one block) to the Ocean, nearby restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much much more!

Courtesy Of Cameron Jacques, Kinnery's Brokerage House
  1. 8,222 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1913
  • Garage: 4.0
  • Floors: 2
  • County: Los Angeles County
  • Units: 14
  • Zoning: LBR4R
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:PW19275303

Additional Features

  • Common Walls:
    • 2+ common walls
  • Community Features:
    • Curbs
    • Park
    • Sidewalks
    • Street Lights
    • Urban
  • Flooring:
    • Laminate
    • Wood
  • Foundation:
    • Raised
  • Land Size Source:
    • Assessor
  • Laundry:
    • Inside
  • Levels:
    • Two
  • Lot Features:
    • Level
    • Level with Street
    • Utilities - Overhead
    • Walkstreet
  • Pool Features:
    • None
  • Road Surface:
    • Paved
  • Roof:
    • Composition
  • Sewer:
    • Public Sewer
  • Special Conditions:
    • Standard
  • Utilities:
    • Cable Available
    • Electricity Connected
    • Natural Gas Connected
    • Sewer Connected
    • Water Connected
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Carport Spaces:
    • 2.00
  • CDOM:
    • 389
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 312300.00
  • Gross Operating Income:
    • 303136.00
  • Insurance Expense:
    • 0.00
  • Listing Key:
    • 363789276
  • Lot Size Acres:
    • 0.1888
  • Lot Size Square Feet:
    • 8222.00
  • Net Operating Income:
    • 206651.00
  • Number of Buildings:
    • 2
  • Operating Expense:
    • 96485.00
  • Parking Spaces:
    • 7.00
  • Price Per SQFT:
    • 479.09
  • Tax ID:
    • 7265009030
  • Total Expenses:
    • 96485.00
Neighborhood info courtesy of Homes.com © 2020

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
33.7665596008301 -118.177917480469

1142 E 1st Street #50 Long Beach, CA 90802

257990550 33.7665596008301 -118.177917480469 124 /listing/257990550-150289293/1142-e-1st-street-no-50-long-beach-ca-90802 False 0 4295000.0000 105 PW19275303 False
  • $4,295,000
  • 8,222 lot
  • Est payment $23056.49/mo