1236 E 1st Street, Long Beach, CA 90802

$2,960,000

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Sold Price
$2,960,000
List Price
$3,450,000
Closing Date
Sep 09, 2024
Status
CLOSED
MLS#
PW24057202
Year Built
1928
Lot Size
8,263
Acres
0.19
Lot Location
Level, Near Park, Near Public Transit
Days on Market
129
Property Type
Multifamily
Style
Spanish
Property Sub Type
Apartment
Stories
Two Levels
Neighborhood
Alamitos Beach (Ab)

Property Description

Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!

Additional Information

Pool Description
None
View
None
Exterior Construction
Stucco
Sewer
Public Sewer
Water
Public
Attached Structure
Attached
Number Of Units Total
14
Gross Scheduled Income
$252,600
Operating Expense
105322

Listing courtesy of Listing Agent: Mark Kachigan (makachigan@aol.com) from Listing Office: Pabst, Kinney & Associates.

Listing sold by Spencer Pabst from Pabst, Kinney & Associates

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Calculator source: Real Geeks

Based on information from California Regional Multiple Listing Service, Inc. as of . 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.