1237 East 1st Street
1237 East 1st Street
$7,100,000
4
18
8,319
8,319
$853
Description
1237 E. 1st Street is a 18-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $1,165,000 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 14-17.) 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...1237 E. 1st Street is a 18-unit fully stabilized, turnkey apartment asset in prime Alamitos Beach. Over $1,165,000 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 14-17.) 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 1237 East 1st Street
Parking Spaces Total
0
Private PoolNo
Total Units18.0
Building TypeAttached
Lot Size SourceAssessor
Living Area8319
Assessor Parcel Number7265-011-019
Property Attached YNtrue
Location
LISTING UPDATED: 03/20/2024 04:59 AM
Property Details for 1237 East 1st Street
Status | Active |
---|---|
MLS # | PW24055916 |
Days on Market | 40 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1923 |
Lot Size | 0.19 AC / 8,242 SF |
County | Los Angeles County |
Location
Building Information for 1237 East 1st Street
Stories2Residences-Year Built1923Building Size-Lot Size0.19 AC / 8,242 SF
Payment Calculator
$42,896 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 1237 East 1st Street
Property History for 1237 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 1237 East 1st Street
Taxable ValueLand$2,825,400Additions$939,600Total$3,765,000
Tax Record2023$49,774 ($4,148 / month)
Home Facts
Total Finished SqFt8,319 SqFtAbove Grade Finished SqFt8,319 SqFtLot Size8,242 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR4RCountyLOS ANGELESAPN7265-011-019
Schools near 1237 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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