1221 East 1st Street
1221 East 1st Street
$6,300,000
3
16
8,120
8,120
$776
Description
1221 E. 1st Street is a 16-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $950,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 12-15.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled...1221 E. 1st Street is a 16-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $950,000 has been invested in the property. This building was taken back to the studs and completely rebuilt from the floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. (See CAPEX summary on pages 12-15.) The property features a mix of two (2) 2BD/1BA units, three (3) 1BD/1BA units and 11 studios. All of the units were gutted and fully remodeled with high- end materials. The interior designer-led renovations include (but are not limted to) recessed and custom lighting completely new kitchens and bathrooms, stainless steel appliances, and in-unit washer/ dryers. Located in prime Alamitos Beach, the property is within minutes of the best that Long Beach has to offer. Residents can walk to the wide sandy beach, bike path and volleyball courts, as well quaint bars and restaurants along the Broadway Corridor and trendy shops, restaurants and bars on Fourth Street-Retro Row. The area is also adjacent to ecclectic and arts-driven East Village Arts District and vibrant Downtown Long Beach and its multitude of employment opportunities. Alamitos Beach is the #4 Best Neighborhoods for Young Professionals, as ranked by Niche.com. The submarket fetches 14% higher rents than the Long Beach average.
- Listed by Robert Stepp • DRE #01456379 • Brokerage DRE #01499010 • Keller Williams - Santa Monica • 310-463-2916
- Listed by Todd Hawke • DRE #01376219 • Brokerage DRE #01499010 • Keller Williams - Santa Monica
Property Details for 1221 East 1st Street
Parking Spaces Total
0
Private PoolNo
Total Units16.0
Building TypeAttached
Lot Size SourceAssessor
Living Area8120
Assessor Parcel Number7265-011-021
Property Attached YNtrue
Location
LISTING UPDATED: 03/20/2024 04:59 AM
Property Details for 1221 East 1st Street
Status | Active |
---|---|
MLS # | PW24055909 |
Days on Market | 40 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.21 AC / 9,053 SF |
County | Los Angeles County |
Location
Building Information for 1221 East 1st Street
Stories2Residences-Year Built1923Building Size-Lot Size0.21 AC / 9,053 SF
Payment Calculator
$38,470 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1221 East 1st Street
Property History for 1221 East 1st Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1221 East 1st Street
Taxable ValueLand$2,754,000Additions$970,020Total$3,724,020
Tax Record2023$49,053 ($4,088 / month)
Home Facts
Total Finished SqFt8,120 SqFtAbove Grade Finished SqFt8,120 SqFtLot Size9,053 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR4RCountyLOS ANGELESAPN7265-011-021
Schools near 1221 East 1st Street
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Stevenson Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Renaissance High School For The Arts Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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