1221 East 1st Street

Long Beach, CA 90802

$6,150,000
Price
7
Beds
16
Baths
8,120 Sq. Ft.
$757 / Sq. Ft.
8,120
Sq. Ft.
$757
per Sq. Ft.
a front view of a house with parking
a view of a dinning table and chairs in backyard of the house
a front view of a house with patio
a view of a city from a balcony
a view of room with bathroom and bathroom
a view of a bathroom with a tub and shower
an empty room with windows
a view of a livingroom with a refrigerator
a view of a room with wooden floor and bathroom
a kitchen with stainless steel appliances granite countertop a refrigerator a stove top oven a sink and dishwasher with wooden floor
an empty room with windows and closet
a kitchen with white cabinets stainless steel appliances and sink
a kitchen with stainless steel appliances a stove microwave and sink
a bathroom with a bathtub shower sink mirror vanity and toilet
a view of a bedroom from a balcony
an empty room with a window
an empty room with a window
a view of an empty room
a bathroom with a sink a toilet and shower
a view of a patio with swimming pool
a view of an empty room
a bathroom with a shower

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...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.
  1. Listed by Juan Huizar • DRE #01417642 • Brokerage DRE #02163228 • Sage Real Estate • 562-307-0838
  2. Listed by Cody Charnell • DRE #01950585 • Brokerage DRE #02163228 • Sage Real Estate

Property Details for 1221 East 1st Street

View
None
Parking Spaces Total
0
Private Pool
No
Cooling Type
N/K
Total Units
16.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
8120
LISTING UPDATED: 11/06/2024 01:51 AM

Property Details for 1221 East 1st Street

StatusActive
MLS #PW24227234
Days on Market42
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
CountyLos Angeles County

Building Information for 1221 East 1st Street

Building/Complex1221 E 1st StFloor-Stories2Residences-Pet Policy-Year Built2023Building Size-

Property Information for 1221 East 1st Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $442,020
  • Gross Scheduled Income: $442,020
  • Net Operating Income: $305,468
  • Gross Multiplier: 13.91
  • Cap Rate: 5.0
Expense Details
  • Operating Expense: $123,292
  • New Taxes Expense: $76,523
  • Gardener Expense: $1,200
  • Fuel Expense: $0
  • Licenses Expense: $1,000
  • Pest Control Expense: $700
  • Electric Expense: $1,800
  • Insurance Expense: $7,633
  • Maintenance Expense: $4,000
  • Professional Management Expense: $17,150
  • Other Expense: $9,600
  • Other Expense Description: Onsight
  • Trash Expense: $1,800
  • Water Sewer Expense: $1,886
  • Total Expenses: $123,292
Tax / Assessment Info
  • Tax Block: 63
  • Tax Tract Number: 0
  • Tax Census Tract: 5766.01
  • CFD/Mello-Roos Fee: $2,716
  • Tax Lot: 17
Community / Development
Community / Development
  • Community Features: Curbs
Property / Structure Info
Interior Features
  • Interior Features: Copper Plumbing Full
  • Laundry: Yes
  • Laundry Features: Inside
  • Cooling: None
  • Heating Type: Wall
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: 1
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: 16-20 Units/Acre
  • Number Of Units: 16
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
Property / Structure Info
  • Builders Tract Name: Alamitos Beach
  • Builders Tract Code: Alamitos Beach (AB)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2835
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,935
  • Unit Type Total Rent: $1,935
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 10
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,070
  • Unit Type Total Rent: $2,070
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 11
Unit 4
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,700
  • Unit Type Total Rent: $2,700
  • Unit Type Pro Forma: 2700
  • Unit Type Type: 12
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,770
  • Unit Type Total Rent: $2,770
  • Unit Type Pro Forma: 2835
  • Unit Type Type: 2
Unit 6
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,475
  • Unit Type Total Rent: $2,475
  • Unit Type Pro Forma: 2835
  • Unit Type Type: 3
Unit 7
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,150
  • Unit Type Total Rent: $3,150
  • Unit Type Pro Forma: 3300
  • Unit Type Type: 4
Unit 8
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $3,000
  • Unit Type Pro Forma: 3150
  • Unit Type Type: 5
Unit 9
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,000
  • Unit Type Total Rent: $8,000
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 6
Unit 10
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,065
  • Unit Type Total Rent: $2,065
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 7
Unit 11
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,035
  • Unit Type Total Rent: $4,080
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 8
Unit 12
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,900
  • Unit Type Total Rent: $1,900
  • Unit Type Pro Forma: 2100
  • Unit Type Type: 9
Unit Information
  • Number Of Units Leased: 16
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 16
  • Number Of Separate Gas Meters: 16
  • Number Of Separate Water Meters: 1

Property History for 1221 East 1st Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1221 East 1st Street

Taxable ValueLand$2,809,080Additions$989,400Total$3,798,480
Tax Record2024$49,911 ($4,159 / month)
Home Facts
Total Finished SqFt8,120 SqFtAbove Grade Finished SqFt8,120 SqFtLot Size9,053 SqFtStyleMulti-Family Res (5+ Units)Year Built1923ZoningLBR4RCountyLOS ANGELESAPN7265-011-021

Schools near 1221 East 1st Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Stevenson Elementary School
Public - K to 5
Franklin Classical Middle School
Public - 6 to 8
Polytechnic High School
Public - 9 to 12
Renaissance High School For The Arts
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1221 East 1st Street, Long Beach, CA 90802

1221 East 1st Street is a multi-family home for sale in Long Beach, CA 90802. This property was listed for sale on November 6, 2024 by Sage Real Estate, it's currently listed at $6,150,000. It has been on the market for a total of 42 days and was last sold on February 18, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Stevenson Elementary School, Franklin Classical Middle School and Polytechnic High School. 1221 East 1st Street is a 7-bed, 16-bath, 8,120 sqft multi-family home built in 2023.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Sage Real Estate, Juan Huizar, DRE #01417642; Sage Real Estate, Cody Charnell, DRE #01950585

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.