Active

1152 E 1st Street

Long Beach, CA 90802
Mark as Favorite
Bed 8

Bed

Bath 30

Bath

SqFt19,800

Sqft

SqFt8,234

Sqft(Lot)

PRICED TO SELL - 9.3 GRM and 7.4% CAP at market rents. 30 units in 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 $2MM in CAP EX. The property features 30 legal units and 1 non-conforming 1 bed unit (401). 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 200 AMP main panel and 50 AMP subpanels - Buyer to verify. There is onsite laundry in the basement and 6 units have W/D in them as well. Based on area rental comps, there is approximately 14% rental upside, allowing an owner to achieve a 9.35 GRM and 7.4% CAP once rents are leveled to market. Excellent lender financing is available for qualified Buyers- 5.4% 5-year fixed debt. Earn over an 7.5% Cash on Cash Return against in place rents with upside to a 11%+ return at market. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.

Read More Expand

Detail Ic Property Details

Property Type : ResidentialIncome

Price : $6,999,000

AD Id : 88366358

MLS Id : 26860795

Beds : 8

Lot Size : 8,234 Sqft

Living Area Size : 19,800

Year Built : 1929

Garage : 16

County : Los Angeles

  • Map Map

Map

Map What's Nearby

Map Nearby Areas

Feature Features

  • Bedroom Information

    Total beds: 8

    Bathroom Information

    Total Baths: 30
  • Heating & Cooling

    Has Heating: Yes Heating: WallFurnace

  • Building Information

    Year Built: 1929
    Building Area Total: 19800
    Private Pool: No

  • Lot Information

    Main Square Feet: 8234 Lot Size Acres: 0.189 Lot Size Square Feet: 8,234

  • Listing Price Information

    Listing Price: $6999000

  • Tax Information

    Parcel Number: 7265009031

  • Parking Information

    Parking Total: 16 Assigned

    Garage Information

    Has Garage: Yes Garage Space: 16

  • Location Information

    Direction: 30 units in prime Alamitos Beach.
Sell a home like this and save $419,441 Find out How

How much is this property worth?

Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.

Images
Loading, please wait...

Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1827 E 4th Street, Long Beach, CA, 90802 $7,400,000 -- -- 15,168 15,168 SqFt
1738 E 4th, Long Beach, CA, 90802 $299,998 -- 1 397 397 SqFt
1738 E 4th Street #15, Long Beach, CA, 90802 $279,000 -- 1 398 398 SqFt
1785 E 3rd, Long Beach, CA, 90802 $2,125,000 -- -- 4,321 4,321 SqFt
535 Nebraska, Long Beach, CA, 90802 $925,000 2 1 1,211 1,211 SqFt
1427 E 4th, Long Beach, CA, 90802 $1,999,000 2 6 --
530 Almond Avenue, Long Beach, CA, 90802 $1,250,000 3 -- 1,962 1,962 SqFt
1250 E 4th, #8, Long Beach, CA, 90802 $280,000 1 1 654 654 SqFt
216 Esperanza, Long Beach, CA, 90802 $1,449,000 -- -- 3,816 3,816 SqFt
1311 E 1st #12, Long Beach, CA, 90802 $409,000 1 1 817 817 SqFt

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 07/27/2026 @ 19:55

MLS: 26860795 LISTED BY: Jonathan Swire, The Agency 424-230-3700 SOURCE: CRMLS

Homes around $6,999,000

Selling? Save $419,441 when you sell a home like this

Tour with a ByOwner Agent