Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1836 E. 1st Street ,Long Beach, CA 90802

    Sponsored
    For Sale
    $4,150,000

    16-unit Long Beach investment opportunity.

    Property size:
    7,699 SF

    Property Features for 1836 E. 1st Street

    General Information

    Property type
    Multifamily properties
    Square Feet
    7,699 SF
    Price / Square Foot
    $539
    Elevators
    N/A
    Lot Size
    7,699 SF

    Building Details

    Stories
    2
    Units
    16

    Overview

    Long Beach Sixteen-Unit Apartment Building

    This sixteen-unit apartment building is located in the Bixby Park neighborhood of Long Beach, California. Situated at 1836 E. 1st Street, zip code 90802, the property is just two blocks from the beach. The 7,699 square foot building sits on a 0.17-acre lot and comprises eleven studios, two one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units. Many units have been renovated and feature in-unit washer/dryers. One studio unit is undergoing the permitting process to address a non-conforming issue. Building improvements include the installation of new electrical and gas lines. The property also benefits from on-site laundry facilities, generating additional income. Assumable financing is available at a 3.59% interest rate, extending until April 1, 2027. This property is an investment opportunity in a coastal location.

    We can help!

    Listing Contact
    Todd Hawke

    Learn more

    Property Insight Report

    HighLights

    • Prime Bixby Park, Long Beach location, two blocks from the beach.
    • Sixteen‑unit apartment building with brand new electrical and gas lines.
    • Most units renovated, featuring in‑unit washer/dryers; assumable financing available.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bixby Court Apartment Building Maravilhas da Terra ... (Bike/Boat/Book/etc) Store

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    ,Long Beach
    State
    California
    Longitude
    -118.169169
    Latitude
    33.765415

    Nearby Comparable

    • $4,150,000
      7,676 SF

      Bixby Park Multifamily Investment

      16-Unit Apartment Building, Prime Location
      1836 1St St, Long Beach, CA 90802
      View Details
    • $1,650,050

      Long Beach Specialty Property

      Specialty property available for sale in Long Beach, CA.
      1500 E 13Th Pl, Long Beach, CA 90802
      View Details
    • $799,000

      Penthouse Condo Near Bixby Park

      Top-floor penthouse with private rooftop deck, close to the beach.
      2015 E Broadway, Long Beach, CA 90803
      View Details
    • New
      $404,000
      669 SF

      Charming Cottage Near Downtown Long Beach

      One-bedroom cottage with garage near downtown Long Beach.
      1739 E Appleton St, Long Beach, CA 90802
      View Details
    • $850,000
      3,311 SF

      Broadway Mixed-Use Opportunity

      Alamitos Beach gem: Vacant, high-potential building.
      1434 Broadway, Long Beach, CA 90802
      View Details
    • $849,000

      Long Beach Apartment For Sale

      Apartment building for sale in Long Beach, California.
      1310 E Ocean Blvd, Long Beach, CA 90802
      View Details
    • $1,695,000

      Long Beach Specialty Property

      Specialty property available for sale in Long Beach, CA.
      1421 E 3Rd St, Long Beach, CA 90802
      View Details
    • $2,800,000

      Mixed-Use Property with Development Potential

      Mixed-use property featuring retail units, apartments, and development potential.
      221 Wisconsin Ave, Long Beach, CA 90803
      View Details
    • $399,900
      589 SF

      Charming Condo Near Long Beach

      Updated condo near the beach, dining, and entertainment in Long Beach.
      2135 E Florida St, Long Beach, CA 90814
      View Details
    • $1,200,000

      Long Beach Specialty Property

      Specialty property available for sale in Long Beach.
      420 N Rose Ave, Long Beach, CA 90802
      View Details
    • $1,200,000

      Long Beach Commercial Property

      Commercial property for sale in Long Beach, California.
      421 N Rose Ave, Long Beach, CA 90802
      View Details
    • $499,000
      802 SF

      Carroll Park Condo with Balcony

      Charming 1-bedroom condo in historic Carroll Park neighborhood.
      372 Carroll Park E, Long Beach, CA 90814
      View Details

    FAQs

    What type of property is this?
    Multifamily property - 16-unit Long Beach investment opportunity.
    Where is this multifamily property located?
    The property is located at 1836 E. 1st Street ,Long Beach, CA.
    What is the asking price?
    The asking price for this property is $4,150,000.
    What are key features of this property?
    This property features: Prime Bixby Park, Long Beach location, two blocks from the beach.; Sixteen-unit apartment building with brand new electrical and gas lines.; Most units renovated, featuring in-unit washer/dryers; assumable financing available.
    (310) 774-3745
    Request Owner's contact information
    1836 E. 1st Street ,Long Beach, CA 90802
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1836 E. 1st Street
    ,Long Beach, CA 90802
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1836 E. 1st Street ,Long Beach, CA 90802
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Todd Hawke
    (310) 774-3745
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!