Long Beach, CA 90802 1236 E 1st Street

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Presented By: Mark Kachigan with Pabst, Kinney & Associates; 562-225-4848
  • MLS# PW24057202
  • 04/03/2024
  • Request Tour
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  • BedBeds • 13
  • BathBaths • 2
  • FootageSQFT • 10,586

Home Details

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!
Presented By: Mark Kachigan with Pabst, Kinney & Associates; 562-225-4848

Interior Features for 1236 E 1st Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
FlooringLaminate
Heating Y/NNo
Laundry FeaturesCommonArea
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1236 E 1st Street

Additional Parcels Y/NNo
Architectural StyleSpanish
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.6
Carport Spaces0.0
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Sidewalks, Park
Construction MaterialsStucco
CountyLos Angeles
Current FinancingConventional
Days on Market
DirectionsEast of Orange, South of Broadway
ElectricElectricityOnProperty
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income252600.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5919.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoExistingLoan, CashtoNewLoan, Conventional, TrustConveyance
Lot Size Square Feet8263.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income139678.0
New ConstructionNo
Open Parking Spaces0.0
Operating Expense105322.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard, Trust
Standard StatusActive
StatusActive
Stories2
Street Name1st
Subdivision NameAlamitos Beach (AB)
Tax Lot6
Tenant PaysElectricity
Total Actual Rent21050.0
Total Units14
Trash Expense0.0
UtilitiesElectricityConnected, NaturalGasConnected, SewerConnected, WaterConnected
ViewNone
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1928
Year Built SourcePublicRecords
ZoningLBR4R

Exterior for 1236 E 1st Street

Building Area Total10586.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions55' X 151'
Lot FeaturesLevel, NearPark, NearPublicTransit
Lot Size Acres0.1897
Lot Size Area8263.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
LotDimensionsSourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters15
Number of Separate Gas Meters1
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesNone
Road Frontage TypeAlley, CityStreet
Road Surface TypePaved
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $3,850,000
MLS#PW24057202
List Date 04/03/2024
Property Type Multi-Family
Phone 714.964.3311
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