1001 E 1st St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $15,302/month
Total Views
7,975
5
Beds
5
Baths
3,360
Sq Ft
$789
Price per Sq Ft
Highlights
- 0.06 Acre Lot
- Long Beach Polytechnic High School Rated A
- Laundry Room
About This Home
BROKERS OPEN - MAY 1st from 10AM to 1PM!Welcome to Esser House!This stunning Spanish Colonial Revival property is truly irreplaceable.Meticulously restored to its original design and beauty, 1001 E 1st St. wasbuilt by William Esser the famous 18th century Long Beach Builder. Theowners have not merely restored it, but meticulously revived everyintricate detail to mirror the craftsmanship and soul of its originaldesign. From each carefully chosen material to every delicate feature, itstands as a tribute to its historic beauty, inviting us to step back into thegrace of its first creation.The beauty of this building will bring you back to a bring and so will theproperty taxes. Through it's redesign it has received a historic Mills ActDesignation which drops the property taxes down to $5000 annually.Each unit showcases elegant architectural details, including beautifulhardwood floors, classic fixtures, built-in mantles, arches, wrought iron,and tile accents. The owner’s unit boasts 2 large bedrooms and 2bathrooms, one with a Jacuzzi steam spa, along with a private balcony.The second unit is a generous 3-bedroom, 2-bath apartment with aprivate patio. All units offer eat-in kitchens, separate dining and livingrooms, and in-unit laundry facilities.The property provides ample parking with 3 garages and 3 additionalspaces on the apron, along with garage storage. There is also aseparate bonus space that could serve as an office or additionalstorage. The location is an easy walk to Downtown Long Beach, with itsrestaurants, shops, and the beach.The Esser House is a Long Beach Historic Landmark and is protectedunder the Mills Act, offering substantial tax savings. It represents a rareopportunity to own a piece of Long Beach history. OM in supplements.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-259-7556 License #02035763 Listed on: 01/21/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $7,991
Year Built
- Built in 1929
Lot Details
- 2,524 Sq Ft Lot
- Two or More Common Walls
- Density is up to 1 Unit/Acre
Parking
- 2 Car Garage
Home Design
- Triplex
Interior Spaces
- 3,360 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 5 Bedrooms
- 5 Bathrooms
Location
- Urban Location
Listing and Financial Details
- Legal Lot and Block 20 / 61
- Tax Tract Number 1234
- Assessor Parcel Number 7265002019
- $540 per year additional tax assessments
Community Details
Overview
- 3 Units
- Alamitos Beach Subdivision
Building Details
- Rent Control
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Operating Expense $16,190
- Gross Income $143,940
- Net Operating Income $120,553
Map
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $7,991 | $589,000 | $370,000 | $219,000 |
| 2024 | $7,991 | $589,000 | $370,000 | $219,000 |
| 2023 | $10,011 | $760,000 | $400,000 | $360,000 |
| 2022 | $9,577 | $760,000 | $400,000 | $360,000 |
| 2021 | $4,764 | $357,695 | $102,193 | $255,502 |
| 2020 | $4,709 | $351,863 | $100,190 | $251,673 |
| 2019 | $4,739 | $344,988 | $98,226 | $246,762 |
| 2018 | $4,510 | $338,247 | $96,300 | $241,947 |
| 2016 | $4,147 | $325,496 | $92,994 | $232,502 |
| 2015 | $3,953 | $317,673 | $90,759 | $226,914 |
| 2014 | $4,019 | $317,673 | $90,759 | $226,914 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 01/21/2025 01/21/25 | For Sale | $2,650,000 | 0.0% | $789 / Sq Ft |
| 01/21/2025 01/21/25 | For Sale | $2,650,000 | -- | $789 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Grant Deed | $1,400,000 | Old Republic Title Company | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | First American Title | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Interfamily Deed Transfer | -- | Chicago Title Company | |
| Grant Deed | -- | North American Title Co | |
| Interfamily Deed Transfer | -- | -- | |
| Grant Deed | $245,000 | United Title |
Source: Public Records
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $840,000 | New Conventional | |
| Previous Owner | $420,000 | New Conventional | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $427,150 | New Conventional | |
| Previous Owner | $25,000 | Credit Line Revolving | |
| Previous Owner | $322,700 | No Value Available | |
| Previous Owner | $281,000 | No Value Available | |
| Previous Owner | $10,000 | Credit Line Revolving | |
| Previous Owner | $270,000 | Unknown | |
| Previous Owner | $5,000 | Stand Alone Second | |
| Previous Owner | $25,000 | Stand Alone Second | |
| Previous Owner | $235,700 | Unknown | |
| Previous Owner | $232,750 | No Value Available |
Source: Public Records
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25014963
APN: 7265-002-019
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