1237 1st Street, Long Beach, CA 90802
  • MLS#: PW24227280 ( Apartment )
  • Street Address: 1237 1st Street
  • Viewed: 1
  • Price: $6,850,000
  • 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
    This property is an 18 unit, fully stabilized, and turnkey apartment complex located in the sought after Alamitos Beach area. The property has seen an investment of over $1,165,000 and has undergone a complete renovation, down to the studs. The entire building was rebuilt, including new floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. Each unit was completely remodeled with high end finishes. The renovations led by an interior designer, include features such as 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. 8319.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Cooling
  1. None
Country
  1. US
Electric Expense
  1. 2171.00
Fuel Expense
  1. 0.00
Garage Spaces
  1. 0.00
Gardner Expense
  1. 1200.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 8790.00
Laundry Features
  1. Inside
Levels
  1. Two
Lockboxtype
  1. None
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 344236.00
Newtaxesexpense
  1. 84611.00
Number Of Separate Electric Meters
  1. 19
Number Of Separate Gas Meters
  1. 19
Otherexpense
  1. 11088.00
Otherexpensedescription
  1. onsite
Otherincome1
  1. 1260.00
Otherincome2
  1. 4800.00
Parcel Number
  1. 7265011019
Pest Control Expense
  1. 912.00
Pool Features
  1. None
Professionalmanagementexpense
  1. 19271.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426627397:CRM
Subdivision Name Other
  1. Alamitos Beach (AB)
Taxblock
  1. 63
Totalexpenses
  1. 137544.00
Trash Expense
  1. 2000.00
Water Sewer Expense
  1. 2000.00
Water Source
  1. Public
Year Built
  1. 2023
Year Built Source
  1. Seller
Zoning
  1. LBR4R