Movoto Real Estate
Sold on 01/02/2026
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1500 E 1st St, Long Beach, CA 90802

$1,400,000

Last sold 01/02/2026 after 126 Days

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    bed

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    bath

Multi-family not for sale

About 1500 E 1st St

Property type Multi-family
Neighborhood
Year built 1906
HOA fee $0/month
Lot size 5,022 Sqft
Movoto estimate
Rental estimate
Property description
Investors pride of ownership. This stylish 3 unit complex is located minutes from the beach and beautiful downtown Long Beach. All units have been remodeled and features a welcoming, private entrance leading to the units. Upper unit is a 2 bedroom, 1 bath with a spacious living room layout with laundry hook-ups and 2 balcony's to enjoy the view on a nice day. The other two units are a charming and cozy 1 bedroom with 1 bath located on the lower level with nice space between them and no common walls for privacy. Perfect for a tenant or smaller family. There is also a 4th vacant unit that was converted from a storage room to a studio apt with a balcony. Not permitted but the structure was there and then remodeled into a studio. Complex comes with a laundry room for lower units to enjoy without having to leave the premises while also providing additional income to the investor. This is a unique investment opportunity for anyone looking to grow their portfolio. Come and take a look at this outstanding opportunity to own in the heart of Long Beach and in one of the areas most desirable locations.
Listed by
Listing Agent - Maggie Monge
Listing Agent Contact: Mmags024@gmail.com
Listing Office - MagiCal Properties, Inc.
Source: CRMLS mls logo
MLS#RS25187509 • last updated 9 months ago
Movoto checked CRMLS for data 6 minutes ago
Overview
Levels/Style Two
Type Residential Income
SubType Triplex
Status Closed
Lot Size (Acres) 0.1153
Lot Size (SqFt) 5022
Year Built 1906
Condition Updated/Remodeled
Interior
Appliances Water Heater
Interior Features Balcony
Window Features Atrium
Exterior
Foundation Raised
Construction Wood Siding
Building Area Square Feet, 1
Roof Shingle
Parking None
Other Structures Shed(s), Storage
Lot Description 2-5 Units/Acre, Corner Lot, Garden, Near Public Transit, Paved
Amenities / Utilities
Fireplaces None
Sewer/ Septic Public Sewer
Water Source Public
Electric Standard
Spa None
Pool None
Location
View City Lights
County Los Angeles
Community Features Biking, Curbs, Sidewalks
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Walk Score 88
Zoning LBR4R
Directions 1st And Falcon Ave
APN 7265014001
Multifamily Details
Expense: Trash 656
Laundry Income 1080
Operating Expense 8709
Expense: Insurance 2397
Total Expenses 8709
Expense: Water/ Sewer 1476
Gross Income 1080
Gross Operating Income 92100
Expense: Electric 3852
Gross Scheduled Income 92100
Expense: Fuel 328
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
$1.55M
Range: $1.41M-$1.69M
Last 30 days 
Rental est.: $1,230/month
Gross rent multiplier: 94.9
  • Jan 2026
    mls logo MLS # RS25187509
  • Jan 7, 2026 Sold
    $1,400,000
  • Dec 3, 2025 Active
    —
  • Sep 21, 2025 Price Change
    $1,650,050 (-5.0%)
  • Aug 29, 2025 Listed
    $1,736,000
  • Jan 2026
    Public Records
  • Jan 2, 2026 Sold
    $1,400,000 (-15.2%)
  • Year Property taxes Tax assessment
  • 2025
    $17,230 +4.5%
    $1,298,917 +2.0%
  • 2024
    $16,484 +2.2%
    $1,273,449 +2.0%
  • 2023
    $16,122 +6.2%
    $1,248,480 +2.0%
  • 2022
    $15,177 +9.5%
    $1,224,000 +10.13%
  • 2021
    $13,856 +269.2%
    $1,111,396
  • 2020
    $3,753 +5.6%
    $1,111,396 +322.42%
  • 2018
    $3,555 +1.1%
    $263,102 +4.04%
  • 2017
    $3,516 +7.9%
    $252,887 +2.0%
  • 2016
    $3,259 +3.9%
    $247,929
  • 2015
    $3,136
    —
  • 1500 E 1st St
    $1.4M
  • 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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8/10
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Source: GreatSchools.org © 2026. All rights reserved.

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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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