$4,599,000 - 1142 E 1st Street, Long Beach

  • 6Beds
  • 5Baths
  • 8,960SQ. Feet
  • 0.19Acres

We are proud to present 1142 E. 1st Street Apartments. The property presents investors with an opportunity to acquire a turn-key investment with market rents and an attractive 4.0% CAP rate. The property is a 8,960 Square Foot building set on an lot of 8,222 square feet that consists of (12) One Bedroom/ One bathroom units and (2) Two Bedroom/ One Bathroom units, 4 garages, 3 parking spaces parking to tenants as well as on-site laundry. All the units have been fully renovated with new modern kitchens, bathrooms, hardwood floors, tile kitchens and bathrooms, and all new appliances. Some units have the laundry equipment in the units. The building is located in the trendy Alamitos Beach neighborhood and walking distance to the beach as well as numerous cafes, restaurants, boutiques and parks. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment of $2.2 billion. An example of this large-scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multi family residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW18271182
  • Price:$4,599,000
  • Bedrooms:6
  • Bathrooms:5.00
  • Square Footage:8,960
  • Acres:0.19
  • Year Built:1913
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1142 E 1st Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:8
  • # of Garages:4

Interior

  • Cooling:None
  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Walkstreet
  • Foundation:Raised

Additional Information

  • Date Listed:November 10th, 2018
  • Days on Market:128
  • Zoning:LBR4R

Similar Type Properties to PW18271182, 1142 E 1st Street, Long Beach

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Similar Neighborhoods to "Alamitos Beach (AB)" in Long Beach, California

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Alamitos Beach (ab)

Belmont Shore (bsd)

Eastside (es)

  • City:
    Long Beach
  • Price Range:
    $499,000 - $4,425,000
  • Current Listings:
    15
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $47,030
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Provided By: Cameron Jacques(01852032), Kinnery's Brokerage House.

Based on information from California Regional Multiple Listing Service, Inc. as of March 19th, 2019 at 12:28pm CDT. 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.