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Sold on 09/09/2024
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1236 E 1st St, Long Beach, CA 90802

$2,960,000

Last sold 09/09/2024 after 159 Days

  • —

    bed

  • —

    bath

Multi-family not for sale
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About 1236 E 1st St

Property type Multi-family
Neighborhood
Year built 1928
HOA fee $0/month
Lot size 8,263 Sqft
Rental estimate
Property description
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!
Listed by
Listing Agent - Mark Kachigan
Listing Agent Contact: 562-225-4848
Listing Office - Pabst, Kinney & Associates
Source: CRMLS mls logo
MLS#PW24057202 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two, Spanish
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1897
Lot Size (SqFt) 8263
Year Built 1928
Condition Repairs Cosmetic
Interior
Laundry Community
Flooring Laminate
Exterior
Construction Stucco
Building Area Square Feet, 10586
Parking None
Lot Description Level, Near Public Transit, Park Nearby
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Electric Electricity - On Property
Spa None
Pool None
Location
View None
County Los Angeles
Community Features Curbs, Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Neighborhood Alamitos Beach
Zoning LBR4R
Directions East Of Orange, South Of Broadway
APN 7265009007
Multifamily Details
Tenant Pays Electricity
Vacancy Allowance Rate 3
Vacancy Allowance 7600
Operating Expense 105322
Expense: Insurance 5919
Total Expenses 105322
Gross Income 252600
Gross Operating Income 245000
Gross Multiplier 13.7
Gross Scheduled Income 252600
Expense: Supplies 8816
Expense: Gardener 3300
Lot/ Land Details
Road Surface Paved
Average Studio Area 706
Rental est.: $1,230/month
Gross rent multiplier: 200.5
  • Sep 2024
    mls logo MLS # PW24057202
  • Sep 9, 2024 Sold
    $2,960,000
  • Aug 10, 2024 Active
    —
  • Jul 30, 2024 Price Change
    $3,450,000 (-4.8%)
  • Jun 6, 2024 Price Change
    $3,625,000 (-5.8%)
  • Apr 3, 2024 Listed
    $3,850,000
  • Sep 2024
    Public Records
  • Sep 9, 2024 Sold
    $2,960,000 (-14.2%)
  • Year Property taxes Tax assessment
  • 2024
    $20,635 +1.8%
    $1,446,721 +2.0%
  • 2023
    $20,266 +6.3%
    $1,418,390
  • 2022
    $19,066 +2.4%
    $1,418,390 +4.03%
  • 2021
    $18,613 +0.3%
    $1,363,383 +1.03%
  • 2020
    $18,562
    $1,349,422
  • 1236 E 1st St
    $2.96M
  • Bixby Park
    $549K -11% y/y
  • 90802
    $459K -8% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 10/22/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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