Seller's Agent in 2024
Mark Kachigan
Pabst, Kinney & Associates
(562) 225-4848
1 in this area
35 Total Sales
1236 E 1st St Long Beach, CA 90802
Alamitos Beach Neighborhood
1
Bed
2
Baths
10,586
Sq Ft
8,263
Sq Ft Lot
Highlights
- 0.19 Acre Lot
- Property is near park and public transit
- No HOA
- Long Beach Polytechnic High School Rated A
- Spanish Architecture
- Laundry Room
About This Home
As of September 2024Prime building & location in Alamitos Beach. First time for sale in 35+ years! HUGE units with a lots of character! A gated "garden" style building with plenty of unique architecture including arched hallways and coved ceilings. Some units with new laminate flooring and upgraded kitchens. New vinyl windows in several of the units. Walk to the beach, Downtown, or Retro-Row. Excellent low-vacancy rental area! Unit mix: 13-(1 Br's), 1-(Studio). The low rents make this an excellent $ opportunity!
Last Agent to Sell the Property
Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 04/03/2024
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1928
Lot Details
- 8,263 Sq Ft Lot
- Lot Dimensions are 55' x 151'
- Property fronts an alley
- Two or More Common Walls
- Level Lot
Home Design
- Spanish Architecture
- Apartment
- Entry on the 1st floor
- Cosmetic Repairs Needed
- Stucco
Interior Spaces
- 10,586 Sq Ft Home
- 2-Story Property
- Laminate Flooring
- Laundry Room
Bedrooms and Bathrooms
- 1 Bedroom
- 2 Bathrooms
Additional Features
- Property is near park and public transit
- Natural Gas Connected
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 6 / 55
- Assessor Parcel Number 7265009007
Community Details
Overview
- No Home Owners Association
- 14 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Building Details
- Rent Control
- 15 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Gardener Expense $3,300
- Insurance Expense $5,919
- Other Expense $18,893
- Pest Control $1,174
- Professional Management Expense $20,911
- Supplies Expense $8,816
- Operating Expense $105,322
- Gross Income $252,600
- Net Operating Income $139,678
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/09/2024 09/09/24 | Sold | $2,960,000 | -14.2% | $280 / Sq Ft |
| 07/30/2024 07/30/24 | Price Changed | $3,450,000 | -4.8% | $326 / Sq Ft |
| 06/06/2024 06/06/24 | Price Changed | $3,625,000 | -5.8% | $342 / Sq Ft |
| 04/03/2024 04/03/24 | For Sale | $3,850,000 | -- | $364 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
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 | $20,635 | $2,960,000 | $2,080,000 | $880,000 |
| 2024 | $20,635 | $1,444,961 | $577,978 | $866,983 |
| 2023 | $20,266 | $1,416,630 | $566,646 | $849,984 |
| 2022 | $19,066 | $1,388,854 | $555,536 | $833,318 |
| 2021 | $18,613 | $1,361,623 | $544,644 | $816,979 |
| 2020 | $18,562 | $1,349,422 | $539,060 | $810,362 |
| 2019 | $18,345 | $1,322,999 | $528,491 | $794,508 |
| 2018 | $17,827 | $1,297,093 | $518,129 | $778,964 |
| 2016 | $16,375 | $1,245,035 | $498,010 | $747,025 |
| 2015 | $15,750 | $1,226,334 | $490,530 | $735,804 |
| 2014 | $15,703 | $1,202,313 | $480,922 | $721,391 |
Source: Public Records
Agents Affiliated with this Home
-
Mark Kachigan
-
Spencer Pabst
Buyer's Agent in 2024
Spencer Pabst
Pabst, Kinney & Associates
(562) 884-6875
3 in this area
52 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24057202
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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
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