Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and… Read More Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming. Read Less
Property listed by Morgan Skenderian, Damien Breaux [email protected]
Listing Snapshot
Days Online
78
Last Updated
Property Type
Apartment
Lot Size
0.19 Acres
Year Built
1922
MLS Number
PW24222778
Additional Details
Building
Built in 1922, Building area total: 6,087, Levels: Two, 2 stories, 2 buildings, Common walls: NoCommonWalls
Community
Curbs, Gutters, Sidewalks
Expenses
Electric expense: $2,045, Fuel expense: $2,045, Insurance expense: $6,696, Maintenance expense: $7,915, New taxes expense: $32,457, Operating expense: $57,329, Trash expense: $2,045, Water sewer expense: $2,045, Other expense: $1,000
Garage
6 spaces
Income
Gross income: $7,200, Net operating income: $100,975
Laundry
CommonArea
Lot
0.1895 acres, 8,255 square feet, Size: 8,255
Parking
6 totals parking
Pool
None
Property
Zoning: LBR4R
Sewer
PublicSewer
Taxes
Tax annual amount: $32,457
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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