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    1534 E 1st Street

    Long Beach, CA 90802
    • $2,100,000
    • STATUS: Active
    • ON SITE: 27 days
    • ID#: OC20198518
    UPDATED: 19 min ago
    $2,100,000
    • 0
      BEDS
    • 0.19
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,717
      SQFT
    • $445
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1920
    County:

    School Ratings & Info

    Description

    1534 East 1st Street is a 5-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1920 and 1990, 1534 East 1st Street offers spacious one-bedroom and three-bedroom units split across two buildings. The property has recently been renovated with luxury unit upgrades including new kitchen cabinets, stainless steel appliances including dishwashers, mosaic tile backsplashes, stainless steel plumbing fixtures, ceiling fans in bedrooms and living rooms, and hardwood flooring.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T12:27:49.71. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

    www.themarellygroup.com/homes/110286473
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    1534 E 1st Street Long Beach, CA 90802

    • Price: $2,100,000
    • Status: Active
    • Updated: 19 min ago
    • ID#: OC20198518
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.19
    Acres
    4,717
    SQFT
    $445
    $/SQFT
    1920
    Built
    Neighborhood:
    699 - Not Defined
    County:
    Los Angeles
    Area:
    699 - Not Defined
    Property Description
    1534 East 1st Street is a 5-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1920 and 1990, 1534 East 1st Street offers spacious one-bedroom and three-bedroom units split across two buildings. The property has recently been renovated with luxury unit upgrades including new kitchen cabinets, stainless steel appliances including dishwashers, mosaic tile backsplashes, stainless steel plumbing fixtures, ceiling fans in bedrooms and living rooms, and hardwood flooring.
    Exterior Features

    Garage Spaces 8.00 Lot Features LawnLevel With Street Lot Size Source Assessor Lot Size Units Acres Parking Total 10.00 Pool Features None Pool Private YN No Property Attached YN No Uncovered Spaces 2.00

    Interior Features

    Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area Units Square Feet Average3 Bed Area Units Square Feet Common Walls No Common Walls Laundry Features Community Levels Two

    Property Features

    Additional Parcels YN No Building Area Units Square Feet Community Features CurbsSidewalks Country Us Electric Expense 462.50 Elevation Units Feet Fuel Expense 462.50 Gross Income 112080.00 Gross Operating Income 108908.00 Gross Scheduled Income 105720.00 Insurance Expense 1500.00 Land Lease YN No Laundry YN Yes Maintenance Expense 3250.00 Net Operating Income 72565.00 New Construction YN No New Taxes Expense 26244.00 Number Of Separate Electric Meters 5 Number Of Separate Gas Meters 5 Number Of Separate Water Meters 1 Number Of Units Leased 5 Operating Expense 36343.00 Other Expense 3500.00 Other Expense Description Misc Other Income1 6360.00 Professional Management Expense 0.00 Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Total Actual Rent 8810.00 Total Expenses 36343.00 Trash Expense 462.00 Vacancy Allowance 3172 Water Sewer Expense 462.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Tyler Leeson of Marcus & Millichap Re Invest


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-20T12:27:49.71. 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 deemed reliable but is not guaranteed accurate by the MLS or The Marelly Group | Compass. Licensed in the State of California, USA.

     
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    The Marelly Group | Compass
    5256 South Mission Rd, Suite 1006
    Bonsall CA, 92003