$2,960,000
SOLD SEP 9, 2024

1236 E 1st St Long Beach, CA 90802

Alamitos Beach Neighborhood
1 Bed
2 Baths
10,586 Sq Ft
8,263 Sq Ft Lot

Recently Sold

$280 Per Sq Ft

23% Below List Price

129 Days on Market

Highlights

  • 0.19 Acre Lot
  • Property is near a park
  • No HOA
  • Long Beach Polytechnic High School Rated A
  • Spanish Architecture
  • Laundry Room

About This Home

As of September 2024

Prime 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

Mark Kachigan

Pabst, Kinney & Associates Brokerage Phone: 562-225-4848 License #00644779 Listed on: 04/03/2024

Last Buyer's Agent

Spencer Pabst

Pabst, Kinney & Associates License #01849377

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
  • 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

Location

  • Property is near a park
  • Property is near public transit

Utilities

  • 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

Property Details

Home Type

Multi-Family

Year Built

Built in 1928

Lot Details

0

Listing Details

  • Assessments: Yes
  • Price Per Unit: 246429
  • Professional Management Expense: 20911.00
  • Property Attached: Yes
  • Road Frontage Type: Alley, City Street
  • Road Surface Type: Paved
  • Subdivision Name Other: Alamitos Beach (AB)
  • Supplies Expense: 8816.00
  • View: No
  • Zoning: LBR4R
  • Architectural Style: Spanish
  • Property Condition: Repairs Cosmetic
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Gardener Expense: 3300.00
  • Parcel Number: 7265009007
  • Year Built: 1928
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Flooring: Laminate
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 279.61

Exterior Features

  • Pool Private: No
  • Spa: No
  • Construction Materials: Stucco

Garage/Parking

  • Parking: No

Utilities

  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Laundry: Yes
  • Electric: Electricity - On Property
  • Laundry Features: Community
  • Pest Control Expense: 1174.00
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Level, Near Public Transit, Park Nearby
  • Lot Size: 55' X 151'
  • Lot Size Sq Ft: 8263.00
  • Lot Size Acres: 0.1897

Rental Info

  • Tenant Pays: Electricity

Multi Family

  • Average1 Bed Area: 760 Square Feet
  • Average Studio Area: 706 Square Feet
  • Gross Income: 252600.00
  • Gross Multiplier: 13.70
  • Gross Operating Income: 245000.00
  • Gross Scheduled Income: 252600.00
  • Insurance Expense: 5919.00
  • Lot Size Area: 8263.0000 Square Feet
  • Net Operating Income: 139678.00
  • Number Of Separate Electric Meters: 15
  • Number Of Separate Gas Meters: 1
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 14
  • Operating Expense: 105322.00
  • Operating Expense Percent: 42.00
  • Other Expense: 18893.00
  • Other Expense Description: Utility
  • Rent Control: Yes
  • Total Actual Rent: 21050.00
  • Total Expenses: 105322.00
  • Vacancy Allowance: 7600
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Block: 55
  • Tax Census Tract: 5766.01
  • Tax Lot: 6
  • Tax Tract Number: 0000

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/10/2025 06/10/25 Price Changed $2,195 +10.0% $3 / Sq Ft
05/14/2025 05/14/25 Price Changed $1,995 -10.3% $2 / Sq Ft
05/06/2025 05/06/25 For Rent $2,225 0.0% --
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

Source: Public Records

Agents Affiliated with this Home

  • Spencer Pabst

    Seller's Agent in 2025

    Spencer Pabst

    Pabst, Kinney & Associates

    (562) 884-6875

    3 in this area

    56 Total Sales

    Spencer Pabst
    Section Image
  • Mark Kachigan

    Seller's Agent in 2024

    Mark Kachigan

    Pabst, Kinney & Associates

    (562) 225-4848

    1 in this area

    35 Total Sales

    Mark Kachigan
    Section Image
See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24057202

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 Alamitos Beach

1236 E 1st St, Long Beach, CA

This home is located at 1236 E 1st St, Long Beach, CA 90802 and is currently priced at $2,960,000, approximately $279 per square foot. This property was built in 1928. 1236 E 1st St is a home located in Los Angeles County with nearby schools including Stevenson Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

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.

California Regional Multiple Listing Service (CRMLS) 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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