Long Beach Multifamily Investment
For Sale
$1,900,000
Pending
1621 E 1st St, Long Beach, CA 90802
Well-maintained four-unit property near the beach and Downtown Long Beach.
Days on Market100
Property Features for 1621 E 1st St
General Information
Standard status
Pending
Property subtype
Investment
Building Details
Year Built
1919
Listing Agency:
(562) 386-1487
Listed By:
SAMANTHA SALDANA
(562) 386-1487
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 10:05AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAMANTHA SALDANA
Investment Insights
Based on property information with market context.
This well-maintained four-unit multifamily property is located on a desirable tree-lined street, in close proximity to the beach and Downtown Long Beach. The property features a functional unit mix, with each unit offering private laundry. Gated parking and garage space provide added convenience. Improvements include termite work completed within the past year, dual-pane windows, and exterior stucco completed approximately two to three years ago. Recent roof work has been completed on the garage structures. The property is ideally situated near the coastline, Downtown amenities, and popular annual events such as the Long Beach Grand Prix. It is also well positioned within a demand rental area due to upcoming international events like the Olympics. The location has a bike score of 92, making it a biker's paradise, a walk score of 90, indicating it is very walkable, and a transit score of 51, showing good transit options.
Key Highlights
- Desirable location close to the beach and Downtown Long Beach
- Functional unit mix with private laundry in each unit
- Gated parking and garage space
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,680
Businesses Nearby
Explore this area
Business Placement
Demographics for 90802, CA
41,686
Population
25,055
Households
1.7
Avg Household Size
37
Median Age
44%
College-Educated
88%
High-School Grad
6.5 sq mi
ZIP Area
6,413
Density / Sq Mi
$72,152
Median Household Income
$52,011
Median Earnings
$1,855
Median Rent
$546,700
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Quadplex - Well-maintained four-unit property near the beach and Downtown Long Beach.
Where is this quadplex located?
The property is located at 1621 E 1st St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Desirable location close to the beach and Downtown Long Beach; Functional unit mix with private laundry in each unit; Gated parking and garage space
