$1,850,000
SOLD DEC 22, 2025
4 Beds
4 Baths
6,087 Sq Ft
8,255 Sq Ft Lot

Recently Sold

$304 Per Sq Ft

21% Below List Price

408 Days on Market

Highlights

  • 0.19 Acre Lot
  • Long Beach Polytechnic High School Rated A
  • Laundry Room

About This Home

As of December 2025

Pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 10/28/2024

Co-Listed By

Rick Applebaum

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01273871

Last Buyer's Agent

Damien Breaux

Morgan Skenderian Brokerage Email: db@morganskenderian.com License #01460301 Listed on: 10/28/2024

Property Details

Home Type

  • Apartment

Est. Annual Taxes

  • $28,039

Year Built

  • Built in 1922

Lot Details

  • 8,255 Sq Ft Lot
  • No Common Walls

Parking

  • 6 Car Garage

Home Design

  • Entry on the 1st floor

Interior Spaces

  • 6,087 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 4 Bedrooms
  • 4 Bathrooms

Outdoor Features

  • Rain Gutters

Listing and Financial Details

  • Legal Lot and Block 16 / 60
  • Tax Tract Number 5766
  • Assessor Parcel Number 7265001032
  • $3,216 per year additional tax assessments

Community Details

Overview

  • 2 Buildings
  • 10 Units
  • Downtown Subdivision

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 9 Separate Electric Meters
  • 9 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $2,045
  • Fuel Expense $2,045
  • Insurance Expense $6,696
  • Maintenance Expense $9,097
  • Other Expense $1,000
  • Pest Control $1,080
  • Trash Expense $2,045
  • Water Sewer Expense $2,045
  • New Taxes Expense $28,039
  • Operating Expense $54,093
  • Gross Income $7,200
  • Net Operating Income $127,840

Property Details

Home Type

Apartment

Est. Annual Taxes

$28,039

Year Built

Built in 1922

Lot Details

0

Parking

6

Listing Details

  • Assessments: Yes
  • CapRate: 6.40
  • Property Attached: No
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 2045.00
  • Zoning: LBR4R
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 7265001032
  • Year Built: 1922
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 303.93

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 6.00
  • Total Parking Spaces: 6.00

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Pest Control Expense: 1080.00
  • Sewer: Public Sewer
  • Trash Expense: 2045.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Gutters, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: Lot 6500-9999
  • Lot Size Sq Ft: 8255.00
  • Lot Size Acres: 0.1895

Multi Family

  • Electric Expense: 2045.00
  • Fuel Expense: 2045.00
  • Garage Income: 6000.00
  • Gross Income: 7200.00
  • Gross Multiplier: 10.64
  • Gross Operating Income: 181933.00
  • Gross Scheduled Income: 187560.00
  • Insurance Expense: 6696.00
  • Laundry Income: 1200.00
  • Lot Size Area: 8255.0000 Square Feet
  • Maintenance Expense: 9097.00
  • Net Operating Income: 127840.00
  • Number Of Separate Electric Meters: 9
  • Number Of Separate Gas Meters: 9
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 10
  • Operating Expense: 54093.00
  • Other Expense: 1000.00
  • Other Expense Description: admin
  • Rent Control: Yes
  • Total Actual Rent: 15030.00
  • Total Expenses: 54093.00

Tax Info

  • New Taxes Expense: 28039.00
  • Tax Block: 60
  • Tax Census Tract: 5766.01
  • Tax Lot: 16
  • Tax Tract Number: 5766
  • Tax Annual Amount: 28039.00
  • TaxOtherAnnualAssessmentAmount: 3216.00

Range of Values:

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Value Increase
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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
12/22/2025 12/22/25 Sold $1,850,000 -7.3% $304 / Sq Ft
12/10/2025 12/10/25 Pending -- -- --
09/22/2025 09/22/25 Price Changed $1,995,000 -4.8% $328 / Sq Ft
05/19/2025 05/19/25 Price Changed $2,095,000 -6.5% $344 / Sq Ft
01/30/2025 01/30/25 Price Changed $2,240,000 -4.7% $368 / Sq Ft
10/28/2024 10/28/24 For Sale $2,350,000 -- $386 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW24222778

California Regional Multiple Listing Service (CRMLS)