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Sold on 05/12/2026
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1149 E 1st, Long Beach, CA 90802

  • $3,325,000

    Last sold 05/12/2026 after 88 Days

  • bed

  • bath

Multi-family not for sale
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About 1149 E 1st

Property type Multi-family
Neighborhood
Year built 1941
HOA fee $0/month
Lot size 8,243 Sqft
Parking 3 garage spaces
Rental estimate
Property description
1149 E. 1st Street is a striking 12-unit Art Deco multifamily property with a bonus 13th non-conforming unit, ideally located in the heart of Alamitos Beach — one of Long Beach’s most desirable coastal neighborhoods. This architectural standout blends timeless 1930s character with meaningful modern upgrades. The building has been freshly painted and features upgraded plumbing and electrical systems, enhancing long-term performance while preserving its historic charm. Its bold lines and coastal energy evoke a subtle Miami Art Deco aesthetic — vibrant, clean, and full of personality. The property offers a well-balanced unit mix: 3 Studio Units, 2 Two-Bedroom Units (one serving as a penthouse-style unit), 7 One-Bedroom / One-Bath Units, Bonus 13th Non-Conforming Unit All units have been thoughtfully updated with newer kitchens, upgraded flooring, and refreshed interiors. The layouts are spacious and filled with natural light, offering larger-than-average unit sizes compared to many nearby properties — a significant advantage in tenant appeal and retention. The property also includes three garages, providing valuable parking and/or additional income potential in this high-demand beachside location. Situated just blocks from the ocean and minutes from Downtown Long Beach, residents enjoy exceptional walkability, coastal access, dining, nightlife, and the vibrant energy that defines Alamitos Beach living. 1149 E. 1st Street represents a rare opportunity to acquire a character-rich coastal asset with strong rental appeal, solid improvements, and long-term upside in one of Long Beach’s most dynamic neighborhoods.
Listed by
Listing Agent - Juan Huizar
Listing Agent Contact: 562-307-0838
Listing Office - Sage Real Estate Group, Inc.
Source: CRMLS mls logo
MLS#PW26011273 • last updated 2 months ago
Movoto checked CRMLS for data 8 minutes ago
Overview
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1892
Lot Size (SqFt) 8243
Year Built 1941
Interior
Laundry Community
Accessibility Features Parking
Exterior
Building Area Square Feet, 7906
Parking Garage
# Parking Spaces 3
# Garage Spaces 3
Lot Description 0-1 Unit/Acre
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Pool None
Location
County Los Angeles
Community Features Street Lights, Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Walk Score 88
Directions E. Of Cerritos Ave, W. Of Orange Ave.
APN 7265010016
Multifamily Details
Expense: Trash 1845
Operating Expense 91262
Cap Rate 5.8
Expense: Insurance 14007
Total Expenses 86251
Expense: Maintenance 9000
Expense: Water/ Sewer 7383
Gross Income 285194
Gross Operating Income 270935
Gross Multiplier 11.22
Gross Scheduled Income 285195
Expense: Gardener 1050
Rental est.: $1,177/month
Gross rent multiplier: 235.4
  • May 2026
    mls logo MLS # PW26011273
  • May 15, 2026 Sold
    $3,325,000 (+3.9%)
  • Mar 4, 2026 Pending
  • Feb 13, 2026 Listed
    $3,200,000 (+56.1%)
  • May 2011
    Public Records
  • May 25, 2011 Sold
    $2,050,000 (+199.3%)
  • Dec 2007
    Public Records
  • Dec 3, 2007 Sold
    $685,000 (+24.5%)
  • Aug 2006
    Public Records
  • Aug 22, 2006 Sold
    $550,000 (-67.6%)
  • Apr 2004
    Public Records
  • Apr 29, 2004 Sold
    $1,700,000
  • 1149 E 1st
    $3.32M
  • Bixby Park
    $575K -10% y/y
  • 90802
    $480K -3% y/y
  • Long Beach
    $700K -4% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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CRMLS Multiple Listing Service™ system
The real estate listing data marked with this icon comes from the IDX program of the CRMLS Multiple Listing Service™ system.
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