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1142-1148 E 1st St
Long Beach, CA 90802 Downtown Long Beach

$3,475,000 USD

Apartments For Sale • 8,965 SF

Property Details

Property Type Apartments
Total Building Size 8,965 SF
Lot Size 0.19 AC
Building Class C
Year Built 1956
Cap Rate 5.80 %
Zoning LBR4R

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents. 
                            
                                EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.
                            
                                Prime Alamitos Beach Location in Long Beach NOT subject to local rent control. 
                            
                                All Units heavily remodeled - 12 of 14 have W/D included. 
                            
                                8 onsite parking spaces. 
                            
                                Potential to add 2 ADU's - Buyer to verify.

Financial Summary

Cap Rate:

5.80 %

Public Transportation

Transit/Subway	Drive	Walk	Distance
1St Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	14 min	0.8 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	17 min	0.9 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	12 min	-	4.7 mi
John Wayne/Orange County	31 min	-	20.9 mi
Los Angeles International	34 min	-	23.6 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	2
Type:	Surface
Included in Rent:	Yes

Jon Swire 310-948-2631 The Agency

1142-1148 E 1st St Long Beach, CA 90802 Downtown Long Beach