Movoto Real Estate
Sold on 09/20/2024
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1534 E 1st St, Long Beach, CA 90802

$2,165,000

Last sold 09/20/2024 after 121 Days

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    bed

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    bath

Multi-family not for sale

About 1534 E 1st St

Property type Multi-family
Neighborhood
Year built 1920
HOA fee $0/month
Lot size 8,266 Sqft
Parking 8 garage spaces
Rental estimate
Property description
Pride of Ownership, 5 Unit, Trophy Property! Located within the highly sought after community of Alamitos Beach, merely footsteps from the sand. 1534 E. 1st street is a picturesque 1920’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Interior upgrades include (Kitchen improvements; all new Corion counters, stainless steel appliances, new cabinetry and all new fixtures throughout – Bathroom improvements include; Upgraded vanity counters, tile flooring/wainscot, toilets and fixtures). The asset is comprised of One large 3 bedroom x 2 bathroom unit with in unit laundry, along with Four large 1 bedroom x 1 bathroom units. The asset is separately metered for gas and electric and has onsite laundry, 8 onsite garage spaces, with 2 additional open spaces (10 total). The grounds/garden beds have been beautifully manicured with a large tiled patio area perfect for weekend BBQ’s. Located just a short distance to Belmont Shore’s “2nd street”, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A+ location.
Listed by
Listing Agent - Cameron Jacques
Listing Office - Kinnery's Brokerage House
Source: CRMLS mls logo
MLS#PW24103838 • last updated 2 years ago
Movoto checked CRMLS for data 3 minutes ago
Overview
Levels/Style Two, Spanish
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.1898
Lot Size (SqFt) 8266
Year Built 1920
Interior
Appliances Dishwasher
Exterior
Foundation Raised
Building Area Square Feet, 4717
# Uncovered Spaces 2
# Parking Spaces 10
# Garage Spaces 8
Lot Description Garden, Landscaped, Lot 6500-9999, Rectangular Lot, Walkstreet
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Sidewalks, Urban
Subdivision Alamitos Beach (AB), Alamitos Beach (AB)
Zoning LBR4R
Directions South Of 1st Street Between Falcon And Gaviota
APN 7265014006
Multifamily Details
Vacancy Allowance 2798
Operating Expense 46525
Cap Rate 4.13
Total Expenses 46525
Gross Income 139920
Gross Operating Income 137122
Gross Multiplier 15.72
Gross Scheduled Income 139920
Lot/ Land Details
Road Frontage City Street
Road Surface Paved
Rental est.: $1,230/month
Gross rent multiplier: 146.7
  • Sep 2024
    mls logo MLS # PW24103838
  • Sep 20, 2024 Sold
    $2,165,000
  • Sep 4, 2024 Active
    —
  • Jun 28, 2024 Price Change
    $2,200,000 (-4.3%)
  • May 22, 2024 Listed
    $2,300,000 (+1.1%)
  • Sep 2024
    Public Records
  • Sep 20, 2024 Sold
    $2,165,000 (-1.6%)
  • Feb 2024
    mls logo MLS # PW24003861
  • Feb 23, 2024 Price Change
    $2,275,000 (-1.1%)
  • Jan 10, 2024 Listed
    $2,300,000 (+9.5%)
  • Sep 2020
    mls logo MLS # OC20198518
  • Sep 22, 2020 Listed
    $2,100,000 (+14.3%)
  • Sep 2018
    mls logo MLS # PW18152305
  • Sep 24, 2018 Sold
    $1,837,500
  • Sep 21, 2018 Sold
    $1,837,500 (-3.2%)
  • Aug 9, 2018 Pending
    —
  • Jun 25, 2018 Listed
    $1,899,000 (-15.6%)
  • Jun 25, 2018 Listed
    $2,250,000
  • Sep 2018
    Public Records
  • Sep 21, 2018 Sold
    $1,837,500
  • Year Property taxes Tax assessment
  • 2024
    $26,088 +1.7%
    $2,009,025 +2.0%
  • 2023
    $25,652 +6.6%
    $1,969,633 +2.0%
  • 2022
    $24,074 +2.0%
    $1,931,013 +2.0%
  • 2021
    $23,599 +0.3%
    $1,893,151 +1.04%
  • 2020
    $23,537 +3.6%
    $1,873,740 +2.06%
  • 2018
    $22,711
    $1,836,000
  • 1534 E 1st St
    $2.16M
  • 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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Source: GreatSchools.org © 2026. All rights reserved.

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