$2,300,000

1621 E 1st St Unit 4 Long Beach, CA 90802

Alamitos Beach Neighborhood

Estimated payment $15,051/month

Total Views 7,480
9 Beds
6 Baths
5,869 Sq Ft
$392 Price per Sq Ft

Highlights

  • 0.17 Acre Lot
  • No HOA
  • Laundry Room
  • Long Beach Polytechnic High School Rated A

About This Home

New Listing – Prime Long Beach 4-Unit Investment Property Just 1 Block from the BeachDon’t miss this incredible opportunity to own a well-maintained 4-unit building in a highly desirable Long Beach location—just one block from the sand! This secure, gated property features garages and additional off-street parking, offering both convenience and peace of mind.Each unit is lovely inside and has been meticulously cared for, with long-term tenants in place. There's strong potential for rental upside, making this a great investment opportunity.Enjoy the ultimate coastal lifestyle—walk to the beach, grab coffee nearby, take your dog for a stroll, and experience everything Long Beach has to offer.

Listing Agent

Lorene Morgan

Fathom Realty Group Inc. Brokerage Phone: 562-397-6018 License #00971941

Fathom Realty Group Inc.

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1950

Lot Details

  • 7,248 Sq Ft Lot
  • No Common Walls
  • Density is up to 1 Unit/Acre
  • Land Lease

Parking

  • 4 Open Parking Spaces
  • 4 Car Garage

Home Design

  • Quadruplex

Interior Spaces

  • 5,869 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 9 Bedrooms
  • 6 Bathrooms

Outdoor Features

  • Exterior Lighting

Listing and Financial Details

  • Tax Lot 12
  • Tax Tract Number 576
  • Assessor Parcel Number 7269018003

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 4 Units
  • Alamitos Beach Subdivision

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters
  • Insurance Expense $6,000
  • Trash Expense $6,000
  • Operating Expense $12,000
  • Gross Income $76,100
  • Net Operating Income $77,100

Property Details

Home Type

Multi-Family

Year Built

Built in 1950

Lot Details

0

Parking

4

Listing Details

  • Price Per Unit: 575000
  • Property Attached: No
  • Subdivision Name Other: Alamitos Beach (AB)
  • Zoning: LBPD29
  • Property Sub Type: Quadruplex
  • Property Type: Residential Income
  • Parcel Number: 7269018003
  • Year Built: 1950
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1 and 2
  • Common Walls: No Common Walls
  • Entry Level: 2
  • Levels: Two
  • Price Per Square Foot: 391.89

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 8.00
  • Uncovered Spaces: 4.00

Utilities

  • Laundry: Yes
  • Sewer: Public Sewer
  • Trash Expense: 6000.00
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks, Street Lights

Lot Info

  • Additional Parcels: No
  • Land Lease: Yes
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 7248.00
  • Lot Size Acres: 0.1664
  • Latitude Manual: 33.76617100

Rental Info

  • Tenant Pays: All Utilities

Multi Family

  • Gross Income: 76100.00
  • Gross Operating Income: 5000.00
  • Gross Scheduled Income: 92100.00
  • Insurance Expense: 6000.00
  • Lot Size Area: 7248.0000 Square Feet
  • Net Operating Income: 77100.00
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Operating Expense: 16000.00
  • Rent Control: No
  • Total Expenses: 12000.00

Tax Info

  • Tax Census Tract: 5754.02
  • Tax Lot: 12
  • Tax Tract Number: 576...

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

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
05/02/2025 05/02/25 For Sale $2,300,000 -- $392 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in Long Beach, CA

  • 3009 E 3rd St, Long Beach, CA 90814

    $1,995,000

    • 1 Bed
    • 1 Bath
    • 4,148 Sq Ft
    • 3009 E 3rd St
    • Long Beach, CA

    3009 East 3rd Street is a 7-unit multifamily property located in the Bluff Heights neighborhood of Long Beach, CA. Built in 1950, 3009 East 3rd Street offers exclusively one-bedroom floor plans averaging 593 square feet. Current ownership has upgraded the property with new dual-pane vinyl windows and low-maintenance landscaping, as well as a freshly painted exterior, completed in 2025.

    Tyler Leeson Marcus & Millichap RE Invest

    Section Image
  • 111 Bay Shore Ave, Long Beach, CA 90803

    $2,695,000

    • 2 Beds
    • 1 Bath
    • 2,276 Sq Ft
    • 111 Bay Shore Ave
    • Long Beach, CA

    Mid Century Beach Front Property with Expansive Bay Views *Generational Legacy Asset with Endless Possibilities* Lot and a Half (45 Feet of Frontage) Providing Flexible Space and Development Opportunities* Two Spacious Two Bedroom / One Bathroom Units: Average Unit Size Over 1,000 Square Feet* Lower Unit recently Fully Renovated: New Kitchen, New Bath, & New Flooring *Amenities That All Tenants

    Kevin King Marcus & Millichap

    Section Image
See All Homes in Long Beach

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW25093461

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Long Beach 90802 Alamitos Beach

1621 E 1st St Unit 4, Long Beach, CA

Homes for Sale in Long Beach, CA

This home is located at 1621 E 1st St Unit 4, Long Beach, CA 90802 and is currently priced at $2,300,000, approximately $391 per square foot. This property was built in 1950. 1621 E 1st St Unit 4 is a home located in Los Angeles County with nearby schools including Burbank 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

Lorene Morgan
Listing Agent
Lorene Morgan
Section Image
Fathom Realty Group Inc.
(562) 203-3574