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1142 E 1st Street $4,699,000

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1142 E 1st Street Long Beach, CA 90802

  • 0 Beds
  • 0 Baths
  • 8,960 sq.ft.
  • Multi-Family
MLS# PW18271182 | Active

$4,699,000

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Days On Market: 66 0 Views
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Property Details

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 4.0% 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.

  • General Features
    • Number Of Separate Water Meters 1
    • Number Of Separate Electric Meters 5
    • Number Of Separate Gas Meters 5
    • Number Of Units Total 14
    • Property Condition Updated/Remodeled
    • YearBuilt 1913
    • Subdivision Name Alamitos Beach (AB)
    • County Or Parish Los Angeles
    • Number Of Buildings 2
    • Community Features Sidewalks, Urban
    • Association Fee 0.00
  • Building Features
    • Carport Spaces 1.00
    • Cooling None
    • Fireplace Features None
    • Flooring Tile,Wood
    • Foundation Details Raised
    • Laundry Features Washer Hookup
  • Property Features
    • Lot Size Acres 0.18
    • Lot Features Walkstreet
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 8.00

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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $4,699,000
12/29/2018 3:45:58 PM Price Reduced Source New Value: $4,699,000 -4.1%
11/19/2018 12:16:29 PM Price Increased Source New Value: $4,900,000 11.36%
11/10/2018 2:18:00 PM New in Database Source New Value: $4,400,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 1/15/2019. 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.