1221 1st Street, Long Beach, CA 90802
  • MLS#: PW24227234 ( Apartment )
  • Street Address: 1221 1st Street
  • Viewed: 1
  • Price: $6,150,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2023
  • Bldg sqft: 0
  • Days On Market: 9
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90802
  • Subdivision: Alamitos Beach (ab)
  • Provided by: Sage Real Estate
  • Contact: Juan Juan
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Fully stabilized, 16 unit, turnkey apartment building located in the highly desirable Alamitos Beach area. With over $950,000 invested, the property underwent a complete transformation down to the studs including new flooring, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. All units were fully gutted and remodeled using high end materials, with renovations led by an interior designer. Upgrades include recessed and custom lighting, brand new kitchens and bathrooms, stainless steel appliances, and in unit washers and dryers.
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Features
Association Fee
  1. 0.00
Building Area Total
  1. 8120.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 1800.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1200.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 7633.00
Interior Features
  1. Copper Plumbing Full
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 305468.00
Newtaxesexpense
  1. 76523.00
Number Of Separate Electric Meters
  1. 16
Number Of Separate Gas Meters
  1. 16
Otherexpense
  1. 9600.00
Otherexpensedescription
  1. Onsight
Parcel Number
  1. 7265011021
Pest Control Expense
  1. 700.00
Pool Features
  1. None
Postalcodeplus4
  1. 5708
Professionalmanagementexpense
  1. 17150.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426624551:CRM
Subdivision Name Other
  1. Alamitos Beach (AB)
Taxblock
  1. 63
Totalactualrent
  1. 36835.00
Totalexpenses
  1. 123292.00
Trash Expense
  1. 1800.00
View
  1. None
Water Sewer Expense
  1. 1886.00
Water Source
  1. Public
Year Built
  1. 2023
Year Built Source
  1. Seller
Zoning
  1. LBR4R