1152 E 1st Street, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1152 E 1st Street,Long Beach, CA 90802
$6,499,900
  • 8 Beds
  • 30 Baths
  • 19,800 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan swire
Office: the agency424-230-3700
MLS#:26860795
Source:CRMLS

Price summary

  • Price:$6,499,900
  • Price per sq. ft.:$328.28

About this home

$500K Price Reduction. Prime Alamitos Beach - PRICED TO SELL - 9.4 GRM and 7.1% CAP with upside to 8.6 GRM and 8.1% CAP at market rents. Ean over 12% cash on cash return at market rents. 31 units (1 is non-conforming) 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 with 16 onsite underground parking spaces (all are single spaces). 25 units were updated in the past 5 years and taken down to the studs - all new kitchen cabinets, counter tops, updated bathrooms, flooring and windows. 6 units have W/D's in them. The common areas and exterior were also redone. The Seller has spent over $2.5MM in CAP EX. The property features 30 legal units and 1 non-conforming 1 bed unit. The non-conforming unit can likely be legalized under the Long Beach Amnesty Program - Buyer to verify. The property has an 87 Walkscore. It has a 400 AMP main panel and 60 AMP subpanels - Buyer to verify....

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Home facts

  • Year built:1929
  • Listing ID #:26860795
  • Added:94 day(s) ago
  • Updated:October 23, 2026 at 11:44 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:30
  • Living area:19,800 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1929
  • Building area:19,800 sq. ft.
  • Lot area:0.19 Acres

Finances and disclosures

  • Price:$6,499,900
  • Price per sq. ft.:$328.28

Parking

  • Total parking spaces:16
  • Parking description:Assigned
  • Garage:Yes
  • Garage spaces:16
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