Skip To Content

1001 E 1st Street

Long Beach, CA 90802
  • $2,650,000
  • STATUS: Active
  • ON SITE: 98 Days
  • MLS #: SB25014963
UPDATED: 17 min ago
$2,650,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1929
County:

School Ratings & Info

Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)


Description

BROKERS OPEN - MAY 1st from 10AM to 1PM!Welcome to Esser House!This stunning Spanish Colonial Revival property is truly irreplaceable.Meticulously restored to its original design and beauty, 1001 E 1st St. wasbuilt by William Esser the famous 18th century Long Beach Builder. Theowners have not merely restored it, but meticulously revived everyintricate detail to mirror the craftsmanship and soul of its originaldesign. From each carefully chosen material to every delicate feature, itstands as a tribute to its historic beauty, inviting us to step back into thegrace of its first creation.The beauty of this building will bring you back to a bring and so will theproperty taxes. Through it's redesign it has received a historic Mills ActDesignation which drops the property taxes down to $5000 annually.Each unit showcases elegant architectural details, including beautifulhardwood floors, classic fixtures, built-in mantles, arches, wrought iron,and tile accents. The owners unit boasts 2 large bedrooms and 2bathrooms, one with a Jacuzzi steam spa, along with a private balcony.The second unit is a generous 3-bedroom, 2-bath apartment with aprivate patio. All units offer eat-in kitchens, separate dining and livingrooms, and in-unit laundry facilities.The property provides ample parking with 3 garages and 3 additionalspaces on the apron, along with garage storage. There is also aseparate bonus space that could serve as an office or additionalstorage. The location is an easy walk to Downtown Long Beach, with itsrestaurants, shops, and the beach.The Esser House is a Long Beach Historic Landmark and is protectedunder the Mills Act, offering substantial tax savings. It represents a rareopportunity to own a piece of Long Beach history. OM in supplements.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
www.theziagroup.com/homes/159626029
Print Image

1001 E 1st Street Long Beach, CA 90802

  • Price: $2,650,000
  • Status: Active
  • On Site: 98 Days
  • Updated: 17 min ago
  • MLS #: SB25014963
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1929
Built
Neighborhood:
Alamitos Beach (Ab)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
BROKERS OPEN - MAY 1st from 10AM to 1PM!Welcome to Esser House!This stunning Spanish Colonial Revival property is truly irreplaceable.Meticulously restored to its original design and beauty, 1001 E 1st St. wasbuilt by William Esser the famous 18th century Long Beach Builder. Theowners have not merely restored it, but meticulously revived everyintricate detail to mirror the craftsmanship and soul of its originaldesign. From each carefully chosen material to every delicate feature, itstands as a tribute to its historic beauty, inviting us to step back into thegrace of its first creation.The beauty of this building will bring you back to a bring and so will theproperty taxes. Through it's redesign it has received a historic Mills ActDesignation which drops the property taxes down to $5000 annually.Each unit showcases elegant architectural details, including beautifulhardwood floors, classic fixtures, built-in mantles, arches, wrought iron,and tile accents. The owners unit boasts 2 large bedrooms and 2bathrooms, one with a Jacuzzi steam spa, along with a private balcony.The second unit is a generous 3-bedroom, 2-bath apartment with aprivate patio. All units offer eat-in kitchens, separate dining and livingrooms, and in-unit laundry facilities.The property provides ample parking with 3 garages and 3 additionalspaces on the apron, along with garage storage. There is also aseparate bonus space that could serve as an office or additionalstorage. The location is an easy walk to Downtown Long Beach, with itsrestaurants, shops, and the beach.The Esser House is a Long Beach Historic Landmark and is protectedunder the Mills Act, offering substantial tax savings. It represents a rareopportunity to own a piece of Long Beach history. OM in supplements.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 0-1 Unit/Acre Number Of Separate Electric Meters 1 Parking Total 2 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.55 Common Interest Community Apartment Community Features Urban Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 143940 Gross Scheduled Income 143940 Insurance Expense 0 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional1031 Exchange Net Operating Income 120553 New Construction YN No Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 16190 Property Sub Type Triplex Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance Rate 5 Water Sewer Expense 0 Water Source Public Zoning LBR4R



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-30T18:35:31.163. 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 Zia Group | eXp Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373832709-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373832709-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_373832709-2.jpg
Logo
The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Cameron Samimi of Lyon Stahl Investment Real Estate, Inc. (310-425-9838)