Movoto Real Estate
Sold on 03/12/2026
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1605 E 1st St, Long Beach, CA 90802

$2,150,000

Last sold 03/12/2026 after 162 Days

  • 12

    bed

  • 8

    bath

  • 4,971

    Sqft ($433/Sqft)

Multi-family not for sale

About 1605 E 1st St

Property type Multi-family
Neighborhood
Year built 1988
HOA fee $0/month
Lot size 8,273 Sqft
Movoto estimate
Parking 10 garage spaces
Property description
This coastal investment property is located within a historic district, minutes to the beach with small shops, coffee houses, restaurants, proximate to Marine Stadium, Alamitos Bay, and Naples Island. Convenient to public transportation and freeway access, with proximity to Cal State Long Beach. An incredible unit mix, consisting of a classic 3-bedroom/2-bath house, plus four newer condominium-style units, composed of three 3-bedroom/2-bath units and one 2-bedroom/2-bath unit. All units are separately metered and have upgraded appliances, including washers and driers. The property is well maintained and nicely landscaped, with a solar-camera security system. There are five tandem garages, offering two parking spaces per unit, a big plus in an area where parking is at a premium. PRICE REDUCED with a 6% CAP RATE!
Listed by
Listing Agent - Albert Morell
Listing Office - WRE SoCal, Inc.
Source: The MLS mls logo
MLS#25588185 • last updated 4 months ago
Movoto checked The MLS for data 6 minutes ago
Overview
Levels/Style Two
MLS # 25588185
Type Residential Income
Status Sold
SqFt 4971
Lot Size (SqFt) 8273
Lot Size (Acres) 0.1899
Year Built 1988
Interior
Total # of Baths 8
Total # of Bedrooms 12
Exterior
# Garage Spaces 10
# Parking Spaces 10
Parking Desc Garage - 2 Car, Tandem
Add'l Structures None, Sprinkler System
Amenities / Utilities
Equipment Dishwasher, Refrigerator, Range/Oven, Microwave, Gas Or Electric Dryer Hookup, Dryer, Washer
Location
County Los Angeles
Zoning LBR4R
APN 7265-013-013
Multifamily Details
Tenant Pays Gas, Electricity
Unit 1: Furnished No
Unit 1: # Beds 3
Unit 1: Rent 3450
Unit 2: Rent 2787
Owner Pays Water, Gardener
Unit 2: Furnished No
Unit 2: # Beds 2
Unit 2: # Baths 2
Unit 1: # Baths 2
Unit 2: Actual Rent 2787
Unit Type 2106, 2107
Unit 1: Actual Rent 13890
Total # Of Buildings 2
Net Operating Income 151964
Cap Rate 6.5
Vacancy Amount (%) 3
Vacancy Rate 3%
Gross Income 200124
Gross Operating Income 196060
Gross Rent Multiplier 11.6
Total Annual Expenses 48160
$2.11M
Range: $1.94M-$2.28M
Last 30 days 
  • May 2026
    mls logo MLS # 25588185
  • May 19, 2026 Sold
    $2,150,000 (-8.5%)
  • Mar 12, 2026 Pending
    —
  • Mar 6, 2026 Price Change
    $2,350,000 (-4.1%)
  • Feb 4, 2026 Price Change
    $2,450,000 (-2.0%)
  • Nov 11, 2025 Price Change
    $2,500,000 (-16.5%)
  • Oct 13, 2025 Price Change
    $2,995,000 (-6.8%)
  • Sep 10, 2025 Listed
    $3,215,000
  • Year Property taxes Tax assessment
  • 2024
    $20,692 +1.7%
    $1,581,883 +2.0%
  • 2023
    $20,348 +6.5%
    $1,550,867 +2.0%
  • 2022
    $19,104 +2.1%
    $1,520,458 +2.0%
  • 2021
    $18,720 +0.3%
    $1,490,646 +1.04%
  • 2020
    $18,670 +4.2%
    $1,475,362 +2.0%
  • 2018
    $17,910 +1.1%
    $1,446,434 +4.04%
  • 2017
    $17,723 +7.7%
    $1,390,268 +2.0%
  • 2016
    $16,462 +4.2%
    $1,363,009
  • 2015
    $15,798
    —
  • 1605 E 1st St
    $2.15M
  • Bixby Park
    $549K -14% y/y
  • 90802
    $465K -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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