1142 E 1st Street, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1142 E 1st Street,Long Beach, CA 90802
$3,475,000
  • 14 Beds
  • 14 Baths
  • 8,965 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26853641
Source:CRMLS

Price summary

  • Price:$3,475,000
  • Price per sq. ft.:$387.62

About this home

PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents. 14 units in prime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green. The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well. Based on...

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Home facts

  • Year built:1913
  • Listing ID #:26853641
  • Added:4 day(s) ago
  • Updated:July 12, 2026 at 11:05 AM

Rooms and interior

  • Bedrooms:14
  • Total bathrooms:14
  • Living area:8,965 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1913
  • Building area:8,965 sq. ft.
  • Lot area:0.19 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$3,475,000
  • Price per sq. ft.:$387.62

Parking

  • Total parking spaces:8
  • Parking description:Assigned
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