$2,500,000
$715K PRICE DROP

1605 E 1st St Unit 5A Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated payment $14,900/month

Total Views 1,768
12 Beds
8 Baths
4,971 Sq Ft
$503 Price per Sq Ft

Highlights

  • 0.19 Acre Lot
  • Contemporary Architecture
  • Tandem Parking
  • Long Beach Polytechnic High School Rated A
  • Fireplace
  • Laundry Room

About This Home

This coastal investment property is located within a historic district, minutes to the beach with small shops, coffee houses, restaurants, proximate to Marine Stadium, Alamitos Bay, and Naples Island. Convenient to public transportation and freeway access, with proximity to Cal State Long Beach. An incredible unit mix, consisting of a classic 3-bedroom/2-bath house, plus four newer condominium-style units, composed of three 3-bedroom/2-bath units and one 2-bedroom/2-bath unit. All units are separately metered and have upgraded appliances, including washers and driers. The property is well maintained and nicely landscaped, with a solar-camera security system. There are five tandem garages, offering two parking spaces per unit, a big plus in an area where parking is at a premium. PRICE REDUCED with a 6% CAP RATE!

Listing Agent

Albert Morell

WRE SoCal, Inc. License #00466538 Listed on: 09/10/2025

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,692

Year Built

  • Built in 1988

Lot Details

  • 8,273 Sq Ft Lot
  • Sprinkler System

Parking

  • 10 Car Garage
  • Tandem Parking

Home Design

  • Contemporary Architecture

Interior Spaces

  • 4,971 Sq Ft Home
  • 2-Story Property
  • Fireplace

Kitchen

  • Oven or Range
  • Microwave
  • Dishwasher

Bedrooms and Bathrooms

  • 12 Bedrooms
  • 8 Bathrooms

Laundry

  • Laundry Room
  • Dryer
  • Washer

Utilities

  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 5 Units

Listing and Financial Details

  • The owner pays for water, gardener
  • Assessor Parcel Number 7265-013-013

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,692

Year Built

Built in 1988

Lot Details

0

Parking

10

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary Mediterranean
  • Levels: Two
  • Street Number Display: Yes
  • Building Permit: Yes
  • Living Area: 4971
  • Lot Acreage: 0.1899
  • Stories: 2
  • Year Built: 1988
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Dishwasher: 5
  • Number Disposal: 5
  • Bedrooms: 12
  • Laundry: Room
  • Total Bathrooms: 8.00
  • Equipment: Dishwasher, Refrigerator, Range/Oven, Microwave, Gas Or Electric Dryer Hookup, Dryer, Washer
  • Price Per S Q F T: 502.92

Exterior Features

  • Other Features: Sprinkler System
  • Other Structures: None

Garage/Parking

  • Garage Spaces: 10
  • Garage Structures: 5
  • Number Rented Garages: 5
  • Parking Garage: Garage - 2 Car, Tandem
  • Total Parking: 10

Utilities

  • Heating: Wall Electric, Fireplace
  • Number Electric Meters: 5
  • Number Gas Meters: 5
  • Number Water Meters: 5

Lot Info

  • Additions Alterations: Yes
  • Assessed Improvement Percent: 44.00
  • Assessed Improvement Value: 696027
  • Assessed Land Percent: 56
  • Assessed Land Value: 885856
  • Total Assessed Value: 1581883
  • Assessor Parcel Number: 7265-013-013
  • Lot Size Area: 8273

Rental Info

  • Owner Pays: Water, Gardener
  • Tenant Pays: Gas, Electricity

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.49
  • Number Of Units: 5
  • Type Of Units: Frame/Stucco
  • Vacancy Allow Percent: 3.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

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 $20,692 $1,613,520 $903,573 $709,947
2024 $20,692 $1,581,883 $885,856 $696,027
2023 $20,348 $1,550,867 $868,487 $682,380
2022 $19,104 $1,520,458 $851,458 $669,000
2021 $18,720 $1,490,646 $834,763 $655,883
2019 $18,453 $1,446,434 $810,004 $636,430
2018 $17,910 $1,418,073 $794,122 $623,951
2016 $16,462 $1,363,009 $763,286 $599,723
2015 $15,798 $1,342,536 $751,821 $590,715
2014 $15,686 $1,316,238 $737,094 $579,144
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/11/2025 11/11/25 Price Changed $2,500,000 -16.5% $503 / Sq Ft
10/13/2025 10/13/25 Price Changed $2,995,000 -6.8% $602 / Sq Ft
09/10/2025 09/10/25 For Sale $3,215,000 -- $647 / Sq Ft
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $312,000 Lawyers Title
Grant Deed $1,250,000 Lawyers Title
Grant Deed $1,000,000 Orange Coast Title Company
Interfamily Deed Transfer -- --
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $249,600 New Conventional
Previous Owner $875,000 Purchase Money Mortgage
Previous Owner $675,000 Balloon
Source: Public Records

Source: The MLS

MLS Number: 25588185

The MLS

APN: 7265-013-013

California Los Angeles County Long Beach 90802 Alamitos Beach

1605 E 1st St Unit 5A, Long Beach, CA

For Sale

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The MLS © 2025 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.
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Listing Agent
Albert Morell
Section Image
WRE SoCal, Inc.
(562) 568-7466