1236 East 1st Street

Long Beach, CA 90802

$3,850,000
Price
1
Beds
14
Baths
10,586 Sq. Ft.
$364 / Sq. Ft.
10,586
Sq. Ft.
$364
per Sq. Ft.

Description

Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!
  1. Listed by Mark Kachigan • DRE #00644779 • Brokerage DRE #00858534 • Pabst, Kinney & Associates • 562-225-4848

Property Details for 1236 East 1st Street

Architectural Style
Spanish
View
None
Parking Spaces Total
0
Private Pool
No
Total Units
14.0
Building Type
Attached
Lot Size Source
Assessor
Lot Size Dimensions
55' X 151'

Location

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779
Add your commute
LISTING UPDATED: 04/03/2024 07:37 AM

Property Details for 1236 East 1st Street

StatusActive
MLS #PW24057202
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
CountyLos Angeles County

Location

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779
Add your commute

Building Information for 1236 East 1st Street

Building/Complex1236 E 1st StFloor-Stories2Residences-Pet Policy-Year Built1928Building Size-

Payment Calculator

$22,700 per month

30 year fixed, 7.25% Interest

Principal and Interest

$21,011

Property Taxes

$1,689

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1236 East 1st Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $252,600
  • Gross Scheduled Income: $252,600
  • Gross Equity: $2,750,000
  • Vacancy Allowance: 7600
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $245,000
  • Net Operating Income: $139,678
  • Gross Multiplier: 15.2
  • Cap Rate: 3.6
  • Current Financing: Conventional
Expense Details
  • Operating Expense: $105,322
  • Operating Expense Percent: 42.00%
  • Gardener Expense: $3,300
  • Fuel Expense: $0
  • Licenses Expense: $936
  • Pest Control Expense: $1,174
  • Electric Expense: $0
  • Insurance Expense: $5,919
  • Professional Management Expense: $20,911
  • Other Expense: $18,893
  • Other Expense Description: Utility
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Supplies Expense: $8,816
  • Total Expenses: $105,322
Tax / Assessment Info
  • Tax Block: 55
  • Tax Tract Number: 0000
  • Tax Census Tract: 5766.01
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Unknown
  • Community Features: Curbs, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Community
  • Flooring: Laminate
Exterior Features
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Entry Location: 1
  • Property Condition: Repairs Cosmetic
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Level, Near Public Transit, Park Nearby
  • Number Of Units: 14
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Surface Type: Paved
  • Road Frontage Type: Alley, City Street
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Electricity - On Property
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 13
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $20,025
  • Unit Type Total Rent: $20,025
  • Unit Type Pro Forma: 0
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,025
  • Unit Type Total Rent: $1,025
  • Unit Type Pro Forma: 0
  • Unit Type Type: 2
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1

Property History for 1236 East 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1236 East 1st Street

Taxable ValueLand$566,646Additions$851,744Total$1,418,390
Tax Record2023$20,266 ($1,689 / month)
Home Facts
Total Finished SqFt10,586 SqFtAbove Grade Finished SqFt10,586 SqFtLot Size8,263 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLBR4RCountyLOS ANGELESAPN7265-009-007

Schools near 1236 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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1236 East 1st Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on April 3, 2024 by Pabst, Kinney & Associates, it's currently listed at $3,850,000. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1236 East 1st Street is a 1-bed, 14-bath, 10,586 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Pabst, Kinney & Associates, Mark Kachigan, DRE #00644779

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.