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1152 E 1st St
Long Beach, CA 90802 Downtown Long Beach

$6,999,000 USD

Apartments For Sale • 20,168 SF

Property Details

Property Type Apartments
Total Building Size 20,168 SF
Lot Size 0.19 AC
Building Class C
Year Built 1929
Cap Rate 6.10 %
Zoning LBR4R

60 Transit Score

60 Walk Score

                
                    Highlights
                
                                PRICED TO SELL - 9.3 GRM and 7.4% CAP at market rents. 
                            
                                Heavy Rehab - Over $2MM in CAP EX Spent - 25 units taken down to the studs
                            
                                16 Onsite Parking Spaces.
                            
                                Prime Alamitos Beach location - blocks to the ocean. 
                            
                                Excellent Bank Financing Available - 5.4% Fixed for 5 Years for Qualified Buyers. 
                            
                                EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND OM.

Financial Summary

Cap Rate:

6.10 %

Amenities

Laundry Facilities
Gated

Public Transportation

Transit/Subway	Drive	Walk	Distance
1st Street Station (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	15 min	0.8 mi
Long Beach Transit Mall (Blue Line - Los Angeles County Metropolitan Transportation Authority (Metro))	3 min	18 min	1.0 mi
Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	12 min	-	4.7 mi
John Wayne/Orange County	33 min	-	20.9 mi
Los Angeles International	34 min	-	23.5 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	16
Type:	Surface
Included in Rent:	Yes

Jon Swire 310-948-2631 The Agency

1152 E 1st St Long Beach, CA 90802 Downtown Long Beach