Seller's Agent in 2020
Cameron Jacques
Kinnery's Brokerage House
(562) 800-0838
2 in this area
58 Total Sales
1142 E 1st St Unit 50 Long Beach, CA 90802
Alamitos Beach Neighborhood
5
Beds
4
Baths
8,965
Sq Ft
8,222
Sq Ft Lot
Highlights
- 0.19 Acre Lot
- Wood Flooring
- Park
- Long Beach Polytechnic High School Rated A
- No HOA
- Laundry Room
About This Home
As of February 2020We are proud to present 1142 E. 1st. This sensational, fully rehabbed, turnkey, 14 unit, “value add”, apartment building is located just one block from Ocean Blvd, right in the heart of Alamitos Beach. With beautiful curb appeal, historically low vacancy rates, and a 4.81% Cap with room to move, this building is arguably the best investor opportunity in this location!
The building is comprised of 14 highly desirable units (2, two beds/1 baths & 12, one beds/1 baths). All 14 units have been extensively upgraded to “like new” condition. Kitchen upgrades consist of: Granite counters, stainless steel appliances, all new cabinetry and fixtures throughout. Bathroom upgrades consist of Granite counters, all new tile flooring, wainscot, tubs, toilets and fixtures. All units have washer/dryers, and onsite laundry caters to guests.
Alamitos Beach is neatly positioned between Belmont shore and Downtown. The building is just a short distance (one block) to the Ocean, nearby restaurants, coffee shops, clothing stores, the arts district/art studios, entertainment, the metro and much much more!
Last Agent to Sell the Property
Kinnery's Brokerage House License #01852032 Listed on: 12/02/2019
Last Buyer's Agent
Kinnery's Brokerage House License #01852032 Listed on: 12/02/2019
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Lot Details
- 8,222 Sq Ft Lot
- Two or More Common Walls
- Level Lot
Parking
- 1 Open Parking Space
- 4 Car Garage
- 2 Carport Spaces
Home Design
- Property Attached
- Raised Foundation
- Composition Roof
Interior Spaces
- 8,965 Sq Ft Home
- 2-Story Property
- Laundry Room
Flooring
- Wood
- Laminate
Bedrooms and Bathrooms
- 5 Bedrooms
- 4 Bathrooms
Utilities
- Overhead Utilities
- Natural Gas Connected
- Cable TV Available
Additional Features
- Exterior Lighting
- Urban Location
Listing and Financial Details
- Legal Lot and Block 7 / 56
- Tax Tract Number 5766
- Assessor Parcel Number 7265009030
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 14 Units
Recreation
- Park
Building Details
- Rent Control
- 7 Separate Electric Meters
- 7 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $102,010
- Gross Income $305,460
- Net Operating Income $194,286
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 02/13/2020 02/13/20 | Sold | $3,980,000 | -7.3% | $444 / Sq Ft |
| 12/02/2019 12/02/19 | For Sale | $4,295,000 | -- | $479 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 | $63,285 | $4,775,435 | $2,865,261 | $1,910,174 |
| 2024 | $60,550 | $4,681,800 | $2,809,080 | $1,872,720 |
| 2023 | $59,528 | $4,590,000 | $2,754,000 | $1,836,000 |
| 2022 | $55,846 | $4,500,000 | $2,700,000 | $1,800,000 |
| 2021 | $50,455 | $4,051,543 | $2,323,828 | $1,727,715 |
| 2020 | $41,529 | $3,278,000 | $2,236,860 | $1,041,140 |
| 2019 | $41,040 | $3,213,740 | $2,193,000 | $1,020,740 |
| 2018 | $38,924 | $3,060,740 | $2,550,000 | $510,740 |
| 2016 | $4,670 | $255,118 | $45,955 | $209,163 |
| 2015 | $4,526 | $251,287 | $45,265 | $206,022 |
| 2014 | $4,579 | $246,366 | $44,379 | $201,987 |
Source: Public Records
Agents Affiliated with this Home
-
Cameron Jacques
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW19275303
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. 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
Nearby Homes
- 1130 E 1st St
- 15 Cerritos Ave
- 1149 E 1st St
- 1140 E Ocean Blvd Unit 220
- 1140 E Ocean Blvd Unit 109
- 1140 E Ocean Blvd Unit 320
- 12 3rd Place
- 1023 E 1st St Unit 19
- 1 3rd Place Unit 2
- 1 3rd Place Unit 302
- 1200 E Ocean Blvd Unit 12
- 1200 E Ocean Blvd Unit 52
- 1030 E Ocean Blvd Unit 308
- 1000 E Ocean Blvd Unit 613
- 1000 E Ocean Blvd Unit 416
- 1000 E Ocean Blvd Unit 715
- 850 E Ocean Blvd Unit 613
- 850 E Ocean Blvd Unit 209
- 1310 E Ocean Blvd Unit 407
- 1310 E Ocean Blvd Unit 1103
- 1142 E 1st St
- 1152 E 1st St
- 1150 E 1st St Unit 2
- 1150 E 1st St
- 1140 E 1st St
- 1138 1/2 E 1st St
- 1138 E 1st St
- 1136 E 1st St
- 1134 E 1st St
- 1140 E 1st St Unit 8
- 1140 E 1st St Unit 7
- 1140 E 1st St Unit 6
- 1140 E 1st St Unit 5
- 1140 E 1st St Unit 4
- 1140 E 1st St Unit 3
- 1140 E 1st St Unit 2
- 1140 E 1st St Unit 1
- 1130 E 1st St
- 1130 E 1st St Unit 306
- 1130 E 1st St Unit 305
Your Personal Tour Guide
Ask me questions while you tour the home.