Entity Owned Property summary
This exceptional 10-unit apartment building, located at 833 East 1st Street in Long Beach, California, presents a compelling value-add investment opportunity. The property, built in 1922, comprises two buildings totaling 6,087 square feet on an 8,255 square foot lot. The complex features eight one-bedroom, one-bathroom units and a larger three-bedroom, two-bathroom unit, along with a non-conforming studio. Six parking spaces are available within gated access and garages. Currently generating… a Net Operating Income (NOI) of $100,975, a pro-forma NOI of $171,979 is projected, representing a significant increase in potential revenue. The asking price is $2,350,000, translating to $235,000 per unit and $386.07 per square foot. The property boasts a current cap rate of 4.30% and a projected pro-forma cap rate of 7.32%. Its prime location in the desirable Alamitos Beach neighborhood offers easy access to the beach, downtown Long Beach, and Retro Row. The property is offered fee simple and presents a substantial opportunity for increased profitability through unit renovations and rent optimization. The property is classified as Class C and is situated in Los Angeles County, zip code 90802. This is a rare opportunity to acquire a well-located multifamily property with significant upside potential.
Ownership intelligence
Resolved identity, portfolio, hold profile and investor signals. Included in the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2024
Value estimate
· Sep 2026Realmo valuation models over county records and 12 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
6 recorded sales · 18 properties nearbyComparable nearby
Similar Nearby for Sale
Similar in This City for Lease
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
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Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
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- Value Estimation
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- Alternative use
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
