Multifamily

1534 East 1st Street

1534 E 1st St, Long Beach, CA 90802

Listing Price: $2,100,000

Cap Rate
3.60%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$445.20
Gross SF
4,717

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1534 East 1st Street, a 5-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1920 and 1990, 1534 East 1st Street offers spacious one-bedroom and three-bedroom units split across two buildings. The property has recently been renovated with luxury unit upgrades including new kitchen cabinets, stainless steel appliances including dishwashers, mosaic tile backsplashes, stainless steel plumbing fixtures, ceiling fans in bedrooms and living rooms, and hardwood flooring. Located in Long Beach’s Alamitos Beach neighborhood, 1534 East 1st Street is steps away from Alamitos Beach and Junipero Beach. Additionally, the property is one mile away from The Promenade, a six block thoroughfare in the heart of Downtown Long Beach that is anchored by both the large retail center formerly known as City Place and the Long Beach Convention Center. 1534 East 1st Street is also just over one mile from The Pike Outlets, an outdoor mall with nearly 400,000 square feet of retail space that offers residents a plethora of dining, shopping, and entertainment experiences. 1534 East 1st Street is adjacent to Ocean Boulevard, which connects residents with major transportation arteries in the region.

Investment Highlights

  • A 5-Unit Multifamily Investment Property Located in Long Beach
  • The Property Consists of 4, One-Bedroom Units and 1, Three-Bedroom Unit
  • Amenities Include a Charming Courtyard, Garage Parking, Security Doors, Private Balconies (Select Units), and On-Site Laundry
  • Just a Short Walk to Alamitos Beach and Junipero Beach

Exclusively Listed By

Listing Price: $2,100,000

Cap Rate
3.60%
Number of Units
5
Price/Unit
$420,000
Price/Gross SF
$445.20
Gross SF
4,717

Investment Highlights

  • A 5-Unit Multifamily Investment Property Located in Long Beach
  • The Property Consists of 4, One-Bedroom Units and 1, Three-Bedroom Unit
  • Amenities Include a Charming Courtyard, Garage Parking, Security Doors, Private Balconies (Select Units), and On-Site Laundry
  • Just a Short Walk to Alamitos Beach and Junipero Beach

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1534 East 1st Street, a 5-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1920 and 1990, 1534 East 1st Street offers spacious one-bedroom and three-bedroom units split across two buildings. The property has recently been renovated with luxury unit upgrades including new kitchen cabinets, stainless steel appliances including dishwashers, mosaic tile backsplashes, stainless steel plumbing fixtures, ceiling fans in bedrooms and living rooms, and hardwood flooring. Located in Long Beach’s Alamitos Beach neighborhood, 1534 East 1st Street is steps away from Alamitos Beach and Junipero Beach. Additionally, the property is one mile away from The Promenade, a six block thoroughfare in the heart of Downtown Long Beach that is anchored by both the large retail center formerly known as City Place and the Long Beach Convention Center. 1534 East 1st Street is also just over one mile from The Pike Outlets, an outdoor mall with nearly 400,000 square feet of retail space that offers residents a plethora of dining, shopping, and entertainment experiences. 1534 East 1st Street is adjacent to Ocean Boulevard, which connects residents with major transportation arteries in the region.

Exclusively Listed By

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