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Sold on 12/03/2024
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5101 E 1st St, Long Beach, CA 90803

$1,796,000

Last sold 12/03/2024 for $1.6M

  • —

    bed

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    bath

Multi-family not for sale
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About 5101 E 1st St

Property type Multi-family
Neighborhood
Year built 1952
HOA fee $0/month
Lot size 2,704 Sqft
Movoto estimate
Parking 3 garage spaces
Rental estimate
Property description
Prime Triplex in the Heart of Belmont Shore. Located on the North/East corner of 1st St. & Granada. Easy walk to 2nd St., Beach, or Pool. Unit Mix of: 2-(2 Br's), 1-(1 Br) and 3-(Garages). First time for sale in 50+ years! Beautiful hardwood flooring. Large units, bldg. sq.ft is 2,691. Well maintained. Termite completion in 2022. Common Laundry room. See attached supplements.
Listed by
Listing Agent - Mark Kachigan
Listing Agent Contact: 562-225-4848
Listing Office - Pabst, Kinney & Associates
Source: CRMLS mls logo
MLS#PW24180202 • last updated 1 year ago
Movoto checked CRMLS for data 4 minutes ago
Overview
Levels/Style Two, Mid Century Modern
Type Residential Income
SubType Apartment
Status Closed
Lot Size (Acres) 0.0621
Lot Size (SqFt) 2704
Year Built 1952
Interior
Laundry Community
Exterior
Foundation Raised
Construction Stucco
Building Area Square Feet, 2691
Roof Composition
Parking Garage Faces Front, Street
# Parking Spaces 3
# Garage Spaces 3
Lot Description Corner Lot, Front Yard, Level With Street, Rectangular Lot, Walkstreet
Amenities / Utilities
Sewer/ Septic Public Sewer
Water Source Public
Spa None
Pool None
Location
County Los Angeles
Community Features Biking, Curbs, Dog Park, Park, Sidewalks, Storm Drains, Street Lights
Subdivision Belmont Shore (BSD), Belmont Shore (BSD)
Neighborhood Belmont Shore
Zoning LBR2S
Directions South Of 2nd St.
APN 7247015012
Multifamily Details
Vacancy Allowance Rate 3
Vacancy Allowance 2485
Expense: Insurance 2550
Expense: Maintenance 1200
Gross Operating Income 80315
Gross Multiplier 20.5
Gross Scheduled Income 82800
Expense: Supplies 500
Expense: Gardener 1440
Lot/ Land Details
Road Frontage City Street
Road Surface Alley Paved
$1.79M
Range: $1.52M-$2.06M
Last 30 days 
Rental est.: $1,708/month
Gross rent multiplier: 78.1
  • Dec 2024
    mls logo MLS # PW24180202
  • Dec 3, 2024 Sold
    $1,600,000
  • Nov 14, 2024 Active
    —
  • Oct 24, 2024 Listed
    $1,695,000 (-5.6%)
  • Oct 9, 2024 Active
    —
  • Sep 5, 2024 Listed
    $1,795,000
  • Dec 2024
    Public Records
  • Dec 3, 2024 Sold
    $1,600,000 (-5.6%)
  • Year Property taxes Tax assessment
  • 2024
    $12,360 +442.0%
    $945,159
  • 2023
    $2,280 +5.7%
    $945,159 +623.15%
  • 2022
    $2,156 +3.1%
    $130,701 +2.0%
  • 2021
    $2,092 +0.3%
    $128,139
  • 2020
    $2,085 +5.7%
    $128,139 +3.06%
  • 2018
    $1,974 +1.1%
    $124,340 +4.04%
  • 2017
    $1,953 +8.1%
    $119,514 +2.0%
  • 2016
    $1,806 +3.5%
    $117,171
  • 2015
    $1,744
    —
  • 5101 E 1st St
    $1.6M
  • Belmont Shore
    $1.09M -27% 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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9/10
Naples Elementary School
public Grades K-5
Long Beach Unified School District
7/10
Rogers Middle School
public Grades 6-8
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.

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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 10/27/2026. 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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