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$7,100,000
86 Days Online

1237 E 1st Street
Long Beach, CA 90802

For Sale|Single Family Home|Active
0
Beds
0
Full Baths
0
Partial Baths
8,319
SqFt
$853
/SqFt
1923
Built
Subdivision:
Alamitos Beach (Ab)
County:
Los Angeles
Listed by Robert Stepp of Keller Williams - Santa Monica 310-463-2916

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1237 E 1st Street1237 E 1st Street1237 E 1st Street1237 E 1st Street
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Mortgage Calculator

Monthly Payment (Est.)

$32,393
Calculator powered by Showcase IDX. Copyright ©2024 Information is deemed reliable but not guaranteed.

1237 E. 1st Street is a 18-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $1,165,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 14-17.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The submarket fetches 14% higher rents than the Long Beach average.

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Listing Snapshot
Price 
$7,100,000
Days Online 
86 Days
Bedrooms 
N/A
Inside Area (SqFt) 
8,319 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.1892 Acres
Year Built 
1923
MLS® Number 
PW24055916
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
3 months agoListing first seen online
General Features
Parking Spaces 
0
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.1892
Water 
Public
Property Sub Type 
Mixed Use
Garage Spaces 
0
Zoning 
LBR4R
Listing Conditions 
Standard
Interior Features
Laundry Features 
Inside
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Exterior Features
Pool Features 
None
Lot 
Item1620 Units Acre
Community Features
Community Features 
Sidewalks
Senior Community 
No
MLS Area 
4 - Downtown Area, Alamitos Beach


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. The 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, the 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.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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