Long Beach, CA 90802 1517 E 1st Street
$2,450,000
27 more
Presented By: Cameron Jacques with Kinnery's Brokerage House; 310-490-8134
Beds • 2
Baths • 2
SQFT • 5,014
Garage • 4
Year Built • 1914
Home Details
Pride of Ownership, 6 Unit, Trophy Property! Located within the highly soughtafter community of Alamitos Beach, merely footsteps from the sand. 1517 E. 1st street is a classic, Long Beach, early 1900’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Both upper level units have large sunrooms. In 2016 the asset received a full interior/exterior renovation. Improvements include; all new kitchen upgrades (quartz counters, tile flooring, all new cabinetry, stainless steel appliances and all new fixtures). Bathrooms were upgraded with all new granite counters, tile flooring/wainscot, new toilets, tubs and fixtures. Each unit has its own washer dryer and is separately metered for gas and electric. Lower level units have their own private yards and each unit has its own parking space. Located just a short distance from Belmont Shore’s “2nd street”, which houses most of Long Beach's best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A location.
Presented By: Cameron Jacques with Kinnery's Brokerage House; 310-490-8134
Interior Features for 1517 E 1st Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace FeaturesLivingRoom
Fireplace Y/NYes
FlooringTile, Wood
Heating Y/NYes
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 1517 E 1st Street
Additional Parcels Y/NNo
Architectural StyleCapeCod
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate0.0
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, Park, StreetLights, Sidewalks, Urban
CoolingWallWindowUnits
CountyLos Angeles
DirectionsOcean Blvd and Cherry Avenue
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces4.0
Garage Y/NYes
Gross Income173400.0
HOANo
HOA Fee$0.0
HeatingFloorFurnace, Fireplaces
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Submit
Lot Size Square Feet8272.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income114778.0
New ConstructionNo
Number Of Units Total6
Open Parking Spaces2.0
Operating Expense55154.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
RoofFlat
Security FeaturesCarbonMonoxideDetectors, SmokeDetectors
Senior Community Y/NNo
SewerPublicSewer
Spa FeaturesNone
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameAlamitos Beach (AB)
Tax Lot17
Trash Expense0.0
UtilitiesElectricityAvailable, NaturalGasConnected, SewerConnected, WaterConnected
ViewNeighborhood
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1914
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1517 E 1st Street
Building Area Total5014.0
Crops Included Y/NNo
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions55 x 151
Lot FeaturesBackYard, Landscaped, RectangularLot
Lot Size Acres0.1899
Lot Size Area8272.0
Lot Size SourceAssessor
LotDimensionsSourceAssessor
Number of Buildings1
Number of Separate Electric Meters7
Number of Separate Gas Meters7
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypePaved
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$2,450,000
MLS#PW25062508
List Date
03/27/2025
Property Type
Multi-Family
Phone
(562) 818-1655
