1000 E. 1st street, Long Beach


Investment Highlights

Executive Summary

We are pleased to present 1000 East 1st Street, a 8 unit investment property in Long Beach, California. The property is located between Bonito and Cerritos Avenues. The property is in an ideal Long Beach location, a block away from the beach and a few blocks away from Shoreline Village. 1000 East 1st Street consists of five 1 Bedroom 1 Bathroom units and three 2 Bedroom 1 Bathroom Units. All of the units are separately metered for gas and electricity. This offering presents a great opportunity for an investor to acquire an asset with steady cash flow in a strong rental market with the potential to capture upside in rents. 20% Affordability Gap —- Potential 17% Increase in NOI —- Walkers Paradise 91 Walk Score —- One Block away from the beach — Blocks from Shopping and dining at Shoreline Village and Pike Outlets —- Close to the Queen Mary and the Promenade. Contact agent for marketing package.


1000 E. 1st street
2650000 List Price
8 Units
7,056 Sq.Ft
0.1149 Lot Size (Sq.Ft)
10 Bedrooms
8 Full Bathrooms
4.4% Cap Rate
14.49 GRM (Gross Rent Multiplier)
331250 Per Door
375.57 Per Square Foot
441,666 Per Unit

Year Built:
Property Type:
Investment, Commercial, Multifamily, Apartment