1142 E 1st Street Long Beach, CA 90802

RE/MAX Premier Realty
RE/MAX Premier Realty
(949) 451-1200
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225049341 33.76656 -118.177925 124 /listing/225049341-150158207/1142-e-1st-street-long-beach-ca-90802 False 0 4499000.0 105 PW18271182 False
  • $4,499,000
  • 1142 E 1st Street Long Beach, CA 90802
  • 8,222 lot
  • Est payment $24151.6/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 4.6% 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: Active
  • 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

  • Cooling:
    • None
  • Flooring:
    • Tile
    • Wood
  • Laundry:
    • Washer Hookup
  • Fireplace:
    • None
  • Common Walls:
    • 2+ common walls
  • Levels:
    • Two
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Foundation:
    • Raised
  • Condition:
    • Updated/Remodeled
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Walkstreet
  • Pool Features:
    • None
  • Carport Spaces:
    • 1.00
  • Parking Spaces:
    • 8.00
  • Sewer:
    • Public Sewer
  • Utilities:
    • Cable Available
    • Natural Gas Available
    • Sewer Connected
  • Security Features:
    • Gated Community
  • Community Features:
    • Sidewalks
    • Urban
  • Number of Buildings:
    • 2
  • Gross Income:
    • 308712.00
  • Net Operating Income:
    • 209309.00
  • CDOM:
    • 199
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 0.00
  • Gross Operating Income:
    • 299451.00
  • Insurance Expense:
    • 0.00
  • Lot Size Acres:
    • 0.1888
  • Lot Size Area:
    • 8222.0000
  • Lot Size Square Feet:
    • 8222.00
  • Operating Expense:
    • 90141.00
  • Price Per SQFT:
    • 502.12
  • 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.