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Sold on 07/08/2024
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2524 E 1st St, Long Beach, CA 90803

$2,300,000

Last sold 07/08/2024 after 51 Days

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    bed

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    bath

Multi-family not for sale
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About 2524 E 1st St

Property type Multi-family
Neighborhood
Year built 1940
HOA fee $0/month
Lot size 9,631 Sqft
Parking 5 garage spaces
Rental estimate
Property description
Welcome to this beautifully designed multi-family property located in the highly sought-after historic Bluff Park neighborhood, just a block from the beach and ocean. Family owned for 70 years and first time ever on the market, this impressive 5-unit property offers a total of 8 bedrooms and 7 baths, spanning 4,863 square feet. The front building consists of two spacious 3-bedroom, 2-bath units that live like single-family homes. The back building consists of two charming 1-bedroom, 1-bath units located above the 5-car garages. A 5th downstairs single unit with a 3/4 bath has a side entrance. Well maintained throughout the years, all but 1 unit has been occupied by the family, with hardwood flooring in all the units, fireplaces and AC in the two front 3-bedroom units. A fantastic opportunity for investors or those seeking a multi-family compound with potential rental income. With its prime location, unique architectural elements, and exceptional features, this property is a must-see!
Listed by
Listing Agent - Loree Scarborough
Listing Office - Compass
Source: CRMLS mls logo
MLS#PW24112193 • last updated 2 years ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Traditional
Type Residential Income
SubType Commercial/Residential
Status Closed
Lot Size (Acres) 0.2211
Lot Size (SqFt) 9631
Year Built 1940
Interior
Laundry Individual Room
Interior Features Ceiling Fan(s), Ceramic Counters, Tile Counters
Window Features Bay Window(s), Screens, Wood Frames
Exterior
Construction Stucco
Building Area Square Feet, 4863
Parking Garage, Garage Faces Rear, Parking Space
# Uncovered Spaces 2
# Parking Spaces 7
# Garage Spaces 5
Lot Description 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Lot 10000-19999 Sqft, Park Nearby, Sprinkler System, Walkstreet, Yard
Amenities / Utilities
Fireplaces Living Room
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
View Neighborhood
County Los Angeles
Community Features Biking, Curbs, Dog Park, Park, Watersports, Rural, Storm Drains, Street Lights
Subdivision Bluff Park (BLF), Bluff Park (BLF)
Zoning LBR2L
Directions Ocean North On Molino, Left On 1st
APN 7264023005
Multifamily Details
Operating Expense 10400
Expense: Insurance 2600
Expense: Water/ Sewer 6000
Gross Income 18000
Gross Scheduled Income 18000
Expense: Gardener 1800
Lot/ Land Details
Road Frontage City Street
Road Surface Alley Paved
Rental est.: $1,668/month
Gross rent multiplier: 114.9
  • Jul 2024
    mls logo MLS # PW24112193
  • Jul 8, 2024 Sold
    $2,300,000
  • Jun 15, 2024 Active
    —
  • May 18, 2024 Listed
    $2,250,000
  • Jul 2024
    Public Records
  • Jul 8, 2024 Sold
    $2,300,000 (+2.2%)
  • Year Property taxes Tax assessment
  • 2024
    $3,212 +2.0%
    $173,009
  • 2023
    $3,150 +5.4%
    $173,009 +4.03%
  • 2022
    $2,989 +3.4%
    $166,301 +2.0%
  • 2021
    $2,889 +0.4%
    $163,046 +1.03%
  • 2020
    $2,879 +6.9%
    $161,378 +4.03%
  • 2018
    $2,694
    $155,122
  • 2524 E 1st St
    $2.3M
  • Bluff Park
    $939K +22% y/y
  • 90803
    $1.09M -15% y/y
  • Long Beach
    $699K 0% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank Elementary School
public Grades K-5
Long Beach Unified School District
6/10
Wilson High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

Around Bluff Park

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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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