1500 E 1st St Unit 3 Long Beach, CA 90802
Alamitos Beach NeighborhoodEstimated payment $10,150/month
Highlights
- City Lights View
- 0.12 Acre Lot
- Corner Lot
- Long Beach Polytechnic High School Rated A
- Property is near public transit
- No HOA
About This Home
Investors pride of ownership. This stylish 3 unit complex is located minutes from the beach and beautiful downtown Long Beach. All units have been remodeled and features a welcoming, private entrance leading to the units. Upper unit is a 2 bedroom, 1 bath with a spacious living room layout with laundry hook-ups and 2 balcony's to enjoy the view on a nice day. The other two units are a charming and cozy 1 bedroom with 1 bath located on the lower level with nice space between them and no common walls for privacy. Perfect for a tenant or smaller family. There is also a 4th vacant unit that was converted from a storage room to a studio apt with a balcony. Not permitted but the structure was there and then remodeled into a studio. Complex comes with a laundry room for lower units to enjoy without having to leave the premises while also providing additional income to the investor. This is a unique investment opportunity for anyone looking to grow their portfolio. Come and take a look at this outstanding opportunity to own in the heart of Long Beach and in one of the areas most desirable locations.
Listing Agent
MagiCal Properties, Inc. Brokerage Email: mmags024@gmail.com License #01857766 Listed on: 09/02/2025
Co-Listing Agent
MagiCal Properties, Inc. Brokerage Email: mmags024@gmail.com License #01488366
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $17,230
Year Built
- Built in 1906 | Remodeled
Lot Details
- 5,022 Sq Ft Lot
- No Common Walls
- South Facing Home
- Wood Fence
- Corner Lot
- Paved or Partially Paved Lot
- Garden
- Density is 2-5 Units/Acre
Home Design
- Triplex
- Entry on the 2nd floor
- Raised Foundation
- Shingle Roof
- Wood Siding
Interior Spaces
- 1 Sq Ft Home
- 2-Story Property
- Atrium Windows
- Atrium Doors
- Family Room
- Living Room
- City Lights Views
Flooring
- Laminate
- Tile
- Vinyl
Bedrooms and Bathrooms
- 4 Bedrooms
- 5 Bathrooms
Laundry
- Laundry Room
- Washer Hookup
Outdoor Features
- Balcony
- Shed
Location
- Property is near public transit
Utilities
- Floor Furnace
- Wall Furnace
- Standard Electricity
- Water Heater
Listing and Financial Details
- Legal Lot and Block 2 / 53
- Tax Tract Number 5766
- Assessor Parcel Number 7265014001
- $675 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 3 Units
- Alamitos Beach Subdivision
Amenities
- Laundry Facilities
Recreation
- Bike Trail
Building Details
- 1 Separate Electric Meter
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $3,852
- Fuel Expense $328
- Insurance Expense $2,397
- Trash Expense $656
- Water Sewer Expense $1,476
- Operating Expense $8,709
- Gross Income $1,080
- Net Operating Income $83,391
Map
Home Values in the Area
Average Home Value in this Area
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 | $17,230 | $1,298,917 | $811,824 | $487,093 |
| 2024 | $16,484 | $1,273,449 | $795,906 | $477,543 |
| 2023 | $16,122 | $1,248,480 | $780,300 | $468,180 |
| 2022 | $15,177 | $1,224,000 | $765,000 | $459,000 |
| 2021 | $13,856 | $1,111,396 | $505,180 | $606,216 |
| 2020 | $3,753 | $268,363 | $80,555 | $187,808 |
| 2019 | $3,708 | $263,102 | $78,976 | $184,126 |
| 2018 | $3,555 | $257,944 | $77,428 | $180,516 |
| 2016 | $3,259 | $247,929 | $74,422 | $173,507 |
| 2015 | $3,136 | $244,206 | $73,305 | $170,901 |
| 2014 | $3,178 | $239,424 | $71,870 | $167,554 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/21/2025 09/21/25 | Price Changed | $1,650,050 | -5.0% | $1,650,050 / Sq Ft |
| 09/02/2025 09/02/25 | For Sale | $1,736,000 | -- | $1,736,000 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | Wfg National Title | |
| Interfamily Deed Transfer | -- | Wfg National Title | |
| Interfamily Deed Transfer | -- | None Available |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Previous Owner | $536,500 | New Conventional |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: RS25187509
APN: 7265-014-001
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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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