Allison Van Wig
Responds Quickly
Keller Williams Coastal Prop.
(562) 582-8861
237 Total Sales
5 in Belmont Heights
$490K - $1.3M Price Range
3515 E 1st St Long Beach, CA 90803
Belmont Heights Neighborhood
9
Beds
7
Baths
6,014
Sq Ft
0.3
Acre Lot
About This Home
As of September 2025Welcome to 3515 E 1st St, a rare and architecturally stunning Streamline Moderne 5-unit apartment building in the heart of Belmont Shore, just one block from the water. Spanning 6,014 SF on a 12,975 SF lot, this income-generating property offers a highly desirable unit mix: (1) 3-Bed/1-Bath, (2) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath. With three tenant ready units , this is an ideal opportunity for investors or owner-users looking to capitalize on prime rental upside in one of Long Beach’s most sought-after neighborhoods. Beyond its existing footprint, the property offers significant development potential, allowing for up to five additional units atop the current structure—creating a 10-unit masterpiece in an unbeatable coastal location. Tenants will enjoy walkability to the beach, dining, shopping, and entertainment along 2nd Street, with easy access to major freeways and employment hubs.
Revised at $2,675,000, this is a premier opportunity to own a trophy asset with value-add potential in a high-demand rental market. Don’t miss out on this rare find.
Last Agent to Sell the Property
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02100737 Listed on: 04/16/2025
Co-Listed By
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-729-1559 License #02035763
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Property Details
Home Type
- Apartment
Year Built
- Built in 1939
Lot Details
- 12,975 Sq Ft Lot
- No Common Walls
- Density is up to 1 Unit/Acre
Parking
- 4 Open Parking Spaces
- 4 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 6,014 Sq Ft Home
- 2-Story Property
- Laundry in unit
Bedrooms and Bathrooms
- 9 Bedrooms
- 7 Bathrooms
Location
- Urban Location
- Suburban Location
Listing and Financial Details
- Tax Lot 11
- Tax Tract Number 13566
- Assessor Parcel Number 7264012023
- $1,285 per year additional tax assessments
Community Details
Recreation
- Bike Trail
Building Details
- Rent Control
- 4 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Operating Expense $59,985
- Gross Income $189,600
- Net Operating Income $120,135
Additional Features
- 5 Units
- Laundry Facilities
Ownership History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Apr 16, 2025
Closed on
Aug 22, 2025
Sold by
Bought by
Seller's Agent
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
Buyer's Agent
Ryan Versfelt
Lyon Stahl Investment Real Estate, Inc.
List Price
$3,200,000
Sold Price
$2,500,000
Premium/Discount to List
-$700,000
-21.88%
Views
56
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,523,850
Outstanding Balance
$1,509,947
Interest Rate
6.58%
Mortgage Type
New Conventional
Purchase Details
Closed on
Sep 13, 2012
Sold by
Bought by
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Belmont Heights, CA
-
Allison Van Wig
-
Ross Gagnon
Ross Gagnon
Coldwell Banker Realty
(949) 518-3075
39 Total Sales
3 in Belmont Heights
$1.3M - $1.4M Price Range
-
Lee Williams
Lee Williams
Responds QuicklyReal Brokerage Technologies, I
(424) 286-4971
37 Total Sales
1 in Belmont Heights
$768,000 Price
-
Dave Shorter
Dave Shorter
David Shorter, Broker
(562) 418-5957
37 Total Sales
3 in Belmont Heights
$935K - $1.6M Price Range
-
Jan Samano
Jan Samano
EXIT GULF COAST REALTY
(562) 451-0183
13 Total Sales
1 in Belmont Heights
$929,000 Price
-
Sandra Thiel
Sandra Thiel
First Team Real Estate
(949) 885-3735
49 Total Sales
1 in Belmont Heights
$524,000 Price
Purchase History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,500,000 | Chicago Title Company | ||
| -- | None Available | ||
| -- | None Available |
Source: Public Records
Mortgage History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | $1,523,850 | ||
| Previous Owner | $200,000 |
Source: Public Records
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 09/26/2025 09/26/25 | Sold | $2,500,000 | -6.5% | $416 / Sq Ft |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- |
| 07/15/2025 07/15/25 | Price Changed | $2,675,000 | -16.4% | $445 / Sq Ft |
| 04/16/2025 04/16/25 | For Sale | $3,200,000 | -- | $532 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| 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 | $8,302 | $543,579 | $339,746 | $203,833 |
| 2024 | $7,841 | $532,922 | $333,085 | $199,837 |
| 2023 | $7,706 | $522,473 | $326,554 | $195,919 |
| 2022 | $7,266 | $512,229 | $320,151 | $192,078 |
| 2021 | $7,083 | $502,186 | $313,874 | $188,312 |
| 2019 | $6,982 | $487,823 | $304,565 | $183,258 |
| 2018 | $6,692 | $478,270 | $298,594 | $179,676 |
| 2016 | $6,129 | $459,191 | $287,000 | $172,191 |
| 2015 | $5,901 | $452,294 | $282,689 | $169,605 |
| 2014 | $5,886 | $443,435 | $277,152 | $166,283 |
Source: Public Records
Agents Affiliated with this Home
-
Aaron Jacobson
Seller's Agent in 2025
Aaron Jacobson
Lyon Stahl Investment Real Estate, Inc.
(310) 729-1559
1 in this area
49 Total Sales
-
Cameron Samimi
Seller Co-Listing Agent in 2025
Cameron Samimi
Lyon Stahl Investment Real Estate, Inc.
(310) 259-7556
2 in this area
205 Total Sales
-
Ryan Versfelt
Buyer's Agent in 2025
Ryan Versfelt
Lyon Stahl Investment Real Estate, Inc.
(310) 425-9838
1 in this area
12 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25083005
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.
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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