$2,165,000 - 4115 E 1st Street, Long Beach

  • 0Beds
  • 1Baths
  • 3,376SQ. Feet
  • 0.07Acres

Seller has replacement property in escrow, short escrow is OKAY. UPSIDE IS SIGNIFICANT, please see supplement link- re current Rent Roll and History. This pride of ownership easy-to-manage 8-plex has all the potential to operate easily at 100% occupancy at all times, at premium rents, as these are larger home-like units with front and rear doors, sun-filled all day every day, all units are South-facing balcony style on the premier corner End-Cap of First Street (corner of Roswell), with curb parking just outside the front door. These are beautiful when refinished (several are currently refinished), with hardwood floors, eat-in kitchens and windows galore. Plus new roof and stairway, railings and paint. This is in a very desirable location of Belmont Shore, just a block from the beach, fitness center and bike path, with access to Livingston Drive for easy commuting, and a short stroll to Second Street shops and Restaurants. These are home-like and could easily operate at $1400-$1500 ultimately, which would yield a CAP of 4+% and GRM of 15.5x with income from parking and laundry ($45 /mo average. This is a portfolio property with stability and appeal, one to hold forever and hand to the kids, or an investment quality property with room to optimize performance. PLEASE DRIVE BY run your matrix and bring an offer.

Sales Agent

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

Essential Information

  • MLS® #:PW20093245
  • Price:$2,165,000
  • Bathrooms:1.00
  • Square Footage:3,376
  • Acres:0.07
  • Year Built:1944
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:4115 E 1st Street
  • Area:Belmont Shore/Park,Naples,Marina Pac,Bay Hrbr
  • Subdivision:Belmont Shore (BSD)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90803


  • # of Stories:2
  • Stories:Two


  • Lot Description:Lot-Level/Flat

Additional Information

  • Date Listed:May 15th, 2020
  • Days on Market:195

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Provided By: Michael Roland(01023175), Coldwell Banker Coastal Alliance.

Based on information from California Regional Multiple Listing Service, Inc. as of November 27th, 2020 at 3:36am CST. 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.