1142 E 1st Street Long Beach, CA 90802

225049341 33.7665596008301 -118.177925109863 124 False 0 4299000.0000 105 PW18271182 False
$4,299,000
  • 8,222 lot
  • Est payment $23077.96/mo

Property & Neighborhood Info

Courtesy Of Cameron Jacques, Kinnery's Brokerage House

Multi-Family in Long Beach

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 4.9% 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.

Courtesy Of Cameron Jacques, Kinnery's Brokerage House
  1. 8,222 Lot

Main Features

  • Listing Status: Off Market
  • Year Built: 1913
  • Garage: 4.0
  • Floors: 2
  • County: Los Angeles County
  • Units: 14
  • Zoning: LBR4R
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:PW18271182

Additional Features

  • Common Walls:
    • 2+ common walls
  • Community Features:
    • Sidewalks
    • Urban
  • Condition:
    • Updated/Remodeled
  • Cooling:
    • None
  • Fireplace:
    • None
  • Flooring:
    • Tile
    • Wood
  • Foundation:
    • Raised
  • Land Size Source:
    • Assessor
  • Laundry:
    • Washer Hookup
  • Levels:
    • Two
  • Lot Features:
    • Walkstreet
  • Pool Features:
    • None
  • Security Features:
    • Gated Community
  • Sewer:
    • Public Sewer
  • Special Conditions:
    • Standard
  • Utilities:
    • Cable Available
    • Natural Gas Available
    • Sewer Connected
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Carport Spaces:
    • 1.00
  • CDOM:
    • 316
  • Fuel Exp:
    • 0.00
  • Gross Income:
    • 308712.00
  • Gross Operating Income:
    • 299451.00
  • Insurance Expense:
    • 0.00
  • Listing Key:
    • 361392906
  • Lot Size Acres:
    • 0.1888
  • Lot Size Square Feet:
    • 8222.00
  • Net Operating Income:
    • 209309.00
  • Number of Buildings:
    • 2
  • Operating Expense:
    • 90141.00
  • Parking Spaces:
    • 8.00
  • Price Per SQFT:
    • 479.80
  • Tax ID:
    • 7265009030
  • Total Expenses:
    • 90141.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
33.7665596008301 -118.177925109863

1142 E 1st Street Long Beach, CA 90802

225049341 33.7665596008301 -118.177925109863 124 False 0 4299000.0000 105 PW18271182 False
  • $4,299,000
  • 8,222 lot
  • Est payment $23077.96/mo