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    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

    Description

    Added:
    Jan 16, 2025
    Days on Market:
    361
    This exceptional 16-unit apartment building is situated in the desirable Bixby Park neighborhood of Long Beach, California, at 1836 E. 1st Street, zip code 90802. The property boasts a prime location, just two blocks from the beach and close to the vibrant coastal lifestyle. The 7,699 square foot building sits on a 0.17-acre lot and comprises a mix of unit types: eleven studios, two one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units. Many units have undergone recent renovations, featuring modern amenities such as in-unit washer/dryers. One studio unit is currently undergoing the permitting process to address a non-conforming issue. Significant building improvements have been completed, including the installation of brand new electrical and gas lines. The property also benefits from on-site laundry facilities, generating additional income. An attractive feature for potential buyers is the availability of assumable financing at a 3.59% interest rate, extending until April 1, 2027. This presents a compelling investment opportunity in a highly sought-after coastal location. The property is offered at $4,150,000.

    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

    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.
    Location Intelligence

    Current Use by Public Records

    Bixby Court Apartment Building Maravilhas da Terra ... Tea Store

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    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

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    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
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    Realmo Value Estimation

    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.

    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.

    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
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