1142 E 1st St Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $24,153/month
About This Home
PRICED TO SELL - 9.3 GRM and 7.0% CAP at market rents. 14 units in prime Alamitos Beach in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI (currently 8.7% total). Located blocks from the ocean, all units have been tastefully remodeled and 12 of the 14 units feature in unit W/D's. The front building was constructed in 1913 and the rear structure in 1956. All units were updated in 2020 including new kitchen cabinets, counter tops, updated bathrooms and flooring. Many units have private outdoor patios/spaces. The building was also recently painted green. The property features 5 garages, 1 carport and 2 open parking spaces. The 5 garages in the rear could potentially be converted into 2 new ADU's - Buyer to verify. Currently no tenants pay for parking, it is included as part of their lease. The front building (8 units) is master metered and the rear building (6 units) is separately metered for utilities. The property has an 87 Walkscore as well. Based on area rental comps, there is approximately 11% rental upside, allowing an owner to achieve a 9.35 GRM and 7.0% CAP once rents are leveled to market. Anduril Industries, a cutting-edge defense technology company specializing in AI applications announced that it is commencing a $1 billion redevelopment of land adjacent to the LB Airport. The project is planned to be completed in mid-2027 and is expected to create 5,500 new direct jobs at the site plus thousands of indirect construction and supply-chain service jobs. The Long Beach Airport is also undergoing a $37MM remodel in preparation for the 2028 Olympic Games.
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1913
Interior Spaces
- 8,965 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 14 Bedrooms
- 14 Bathrooms
Parking
- 8 Parking Spaces
- Assigned Parking
Additional Features
- 8,224 Sq Ft Lot
- Heating System Mounted To A Wall or Window
Community Details
- 2 Buildings
- 14 Units
Listing and Financial Details
- Assessor Parcel Number 7265-009-030
Map
Home Values in the Area
Average Home Value in this Area
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 |
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 06/29/2026 06/29/26 | For Sale | $3,475,000 | +10.3% | $388 / Sq Ft | |
| 01/04/2018 01/04/18 | Sold | $3,150,000 | -1.6% | $5,431 / Sq Ft | View Prior Sale |
| 10/23/2017 10/23/17 | Pending | -- | -- | -- | |
| 10/04/2017 10/04/17 | For Sale | $3,200,000 | 0.0% | $5,517 / Sq Ft | |
| 03/20/2014 03/20/14 | Rented | $975 | -6.7% | -- | |
| 03/20/2014 03/20/14 | For Rent | $1,045 | -- | -- |
Source: The MLS
MLS Number: 26853641
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.
© 2026 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.
- 1130 E 1st St
- 1101 E Ocean Blvd
- 100 Cerritos Ave Unit 7
- 1140 E Ocean Blvd Unit 310
- 1140 E Ocean Blvd Unit 320
- 1140 E Ocean Blvd Unit 109
- 1140 E Ocean Blvd Unit 220
- 1140 E Ocean Blvd Unit 228
- 1140 E Ocean Blvd Unit 134
- 1140 E Ocean Blvd Unit 131
- 23 4th Place Unit 6
- 12 3rd Place
- 1227 E 1st St Unit 2C
- 1227 E 1st St Unit 2F
- 1200 E Ocean Blvd Unit 12
- 1023 E 1st St Unit 19
- 1023 E 1st St Unit 17
- 1015 E Ocean Blvd Unit 12
- 1036 E 2nd St Unit 11
- 1 3rd Place Unit 2
- 1130 E 1st St Unit 104
- 1138 1/2 E 1st St
- 1106 E 1st St Unit 1106 E. 1st Street
- 46-48 Orange Ave Unit 46 Orange Ave
- 1140 E Ocean Blvd Unit 235
- 22 5th Place
- 1230 E 1st St
- 1174 E Ocean Blvd Unit 10
- 1027 1/2 E Ocean Blvd
- 1023 E 1st St Unit 8
- 1218 E 2nd St Unit 3
- 1232 E 2nd St
- 1261 E 1st St Unit 5
- 1141 E Broadway
- 6 Esperanza Ave Unit 6
- 1144 E Appleton St Unit 2
- 1144 E Appleton St Unit 1
- 1252 E Broadway
- 1310 E Ocean Blvd
- 1222 E Appleton St
Ask me questions while you tour the home.