NOT LISTED FOR SALE

1251 E 1st St Long Beach, CA 90802

Alamitos Beach Neighborhood
7 Beds
7 Baths
6,162 Sq Ft
8,251 Sq Ft Lot

Last Sold June 01, 2018

Last sale price $2,675,000 $434 Per Sq Ft

102 Days on Market

Highlights

  • 8,251 Sq Ft lot
  • Built-In Features
  • 6 Car Garage
  • Long Beach Polytechnic High School Rated A
  • Ceiling Fan

About This Home

As of June 2018

The East First Street Apartments is a 7-unit garden style building comprised of studio, one bedroom and two bedroom units. The Property offers new ownership an opportunity to acquire a beautifully renovated, turn-key asset with all new tenants, in prime Alamitos Beach, adjacent to the fast developing East Village Arts District and Bluff Park neighborhoods. Also in close proximity to this area is a multitude of amenities along East Broadway and Long Beach Boulevard, two of Long Beach's busiest main streets. Windows have been replaced throughout the property, which also features upgraded plumbing and electrical systems, in-unit washer/dryers, hardwood/ceramic floors, granite counter tops, recessed lighting, and other high-end finishes.

Last Agent to Sell the Property

Mark Witsken

KW Advisors License #01884724 Listed on: 12/11/2017

KW Advisors

Last Buyer's Agent

Jim Chhun

License #01359353

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1921

Lot Details

  • 8,251

Parking

  • 6 Car Garage

Interior Spaces

  • 6,162 Sq Ft Home
  • 2-Story Property
  • Built-In Features
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 7 Bedrooms
  • 7 Bathrooms

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Additional Features

  • 8,251 Sq Ft Lot
  • Heating System Mounted To A Wall or Window

Community Details

  • 3 Buildings
  • 7 Units

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for water
  • Assessor Parcel Number 7265-011-040

Property Details

Home Type

Multi-Family

Year Built

Built in 1921

Lot Details

8,251 Sq Ft Lot

Parking

6

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 6162
  • Stories: 2
  • Year Built: 1921
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 7
  • Laundry: In Unit
  • Total Bathrooms: 7.00
  • Equipment: Built-Ins, Ceiling Fan, Dishwasher, Dryer, Hood Fan, Microwave, Range/Oven, Refrigerator, Washer
  • Price Per S Q F T: 434.11

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No

Garage/Parking

  • Garage Spaces: 6
  • Parking Garage: Private Garage
  • Total Parking: 6

Utilities

  • Cooling: Ceiling Fan
  • Heating: Wall Gas
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Value: 1050000
  • Assessed Land Value: 500000
  • Assessor Parcel Number: 7265-011-040
  • Geocode Override: No
  • Lot Size Area: 8251

Rental Info

  • Owner Pays: Water
  • Rent Control: No
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 14.80
  • Number Of Units: 7
  • Rent Control: 0
  • Type Of Units: Apartments
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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 List to Sale Price per Sq Ft
06/01/2018 06/01/18 Sold $2,675,000 0.0% $434 / Sq Ft
02/05/2018 02/05/18 For Sale $2,675,000 0.0% $434 / Sq Ft
02/05/2018 02/05/18 Price Changed $2,675,000 0.0% $434 / Sq Ft
01/30/2018 01/30/18 Off Market $2,675,000 -- --
12/11/2017 12/11/17 For Sale $2,950,000 -- $479 / Sq Ft
Source: The MLS

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 $38,682 $3,043,689 $2,275,657 $768,032
2024 $38,682 $2,984,010 $2,231,037 $752,973
2023 $38,032 $2,925,501 $2,187,292 $738,209
2022 $35,686 $2,868,139 $2,144,404 $723,735
2021 $34,983 $2,811,902 $2,102,357 $709,545
2019 $34,483 $2,728,500 $2,040,000 $688,500
2018 $20,365 $1,581,000 $510,000 $1,071,000
2016 $15,453 $1,236,361 $440,378 $795,983
2015 $14,844 $1,217,791 $433,764 $784,027
2014 $14,759 $1,193,937 $425,268 $768,669
Source: Public Records

Agents Affiliated with this Home

  • M

    Seller's Agent in 2018

    Mark Witsken

    KW Advisors

    Section Image

  • J

    Buyer's Agent in 2018

    Jim Chhun

See All Agents

Map

Source: The MLS

MLS Number: 17-295956

The MLS
California Los Angeles County Long Beach 90802 Alamitos Beach

1251 E 1st St, Long Beach, CA

Not Listed for Sale

MultiFamily

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