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833 E 1st Street

Long Beach, CA 90802
  • $2,240,000
  • STATUS: Active
  • ON SITE: 180 Days
  • MLS #: PW24222778
UPDATED: 32 min ago
$2,240,000
  • 0
    BEDS
  • 0.19
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1922
County:

School Ratings & Info

Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800) and Rick Applebaum of Morgan Skenderian(949-251-8800)


Description

Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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/157261099
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833 E 1st Street Long Beach, CA 90802

  • Price: $2,240,000
  • Status: Active
  • On Site: 180 Days
  • Updated: 32 min ago
  • MLS #: PW24222778
0
Beds
0
Baths
0
½ Baths
0.19
Acres
1922
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.
Exterior Features

Entry Level 1 Entry Location 1 Number Of Separate Electric Meters 9 Parking Total 6 Pool Features None Pool Private YN No Property Attached YN No

Interior Features

Common Walls No Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.99 Common Interest Community Apartment Community Features CurbsGutter(s)Sidewalks Electric Expense 2045 Fuel Expense 2045 Garage YN Yes Gross Income 7200 Gross Scheduled Income 173436 Insurance Expense 6696 Land Lease YN No Laundry Features Common Area Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Maintenance Expense 8412 Net Operating Income 111775 New Construction YN No New Taxes Expense 31088 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Operating Expense 56457 Other Expense 1000 Pest Control Expense 1080 Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 31088 Total Actual Rent 13953 Trash Expense 2045 Vacancy Allowance 5203 Water Sewer Expense 2045 Water Source Public Zoning LBR4R



Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-27T08:30:53.793. 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.
 
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The Zia Group | eXp Realty
10 E Yanonali St #11
Santa Barbara CA, 93101
Listing Agent(s): Damien Breaux of Morgan Skenderian (949-251-8800) and Rick Applebaum of Morgan Skenderian(949-251-8800)