1517 E 1st Street, Long Beach – 6 Units!


Investment Highlights

Executive Summary

Pride of Ownership, 6 Unit, Trophy Property! Located within the highly sought after community of Alamitos Beach, merely footsteps from the sand. 1517 E. 1st street is a classic, Long Beach, early 1900’s building, featuring all classic characteristics and qualities of early 20th century architecture – boasting magnificent high ceilings, built in cabinetry, hardwood flooring, large open floor plans with an abundance of natural light. Both upper level units have large sunrooms. In 2016 the asset received a full interior/exterior renovation. Improvements include; all new kitchen upgrades (quartz counters, tile flooring, all new cabinetry, stainless steel appliances and all new fixtures). Bathrooms were upgraded with all new granite counters, tile flooring/wainscot, new toilets, tubs and fixtures. Each unit has its own washer dryer and is separately metered for gas and electric. Lower level units have their own private yards and each unit has its own parking space. Located just a short distance from Belmont Shore’s “2nd street”, which houses most of Long Beach’s best fashion stores, restaurants, bars and coffee shops. Perfect building for the sophisticated investor looking for a prime asset in an A location.

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2500000 List Price
6 Units
5014 Sq.Ft
8272 Lot Size (Sq.Ft)
7 Bedrooms
6 Full Bathrooms
4% Cap Rate

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