Multifamily

1517 East 1st Street

1517 E 1st Street, Long Beach, CA 90802

Listing Price: $2,400,000

Cap Rate
3.95%
Number of Units
6
Price/Unit
$400,000
Price/Gross SF
$478.66
Gross SF
5,014

Investment Overview

Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1517 East 1st Street, a 6-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1914 and 1919, 1517 East 1st Street offers studio, one, and two-bedroom units split across two buildings. The front building contains three, two-bedroom units and a large one-bedroom unit and the rear building includes a studio unit and one-bedroom unit over four garage spaces. The property has recently been renovated with unit upgrades including in-unit laundry, new flooring, and remodeled kitchens. Located in Long Beach’s Alamitos Beach neighborhood, 1517 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. 1517 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. 1517 East 1st Street is adjacent to Ocean Boulevard, which connects residents with major transportation arteries in the region.

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Long Beach
  • The Property Consists of Studio, One-, and Two-Bedroom Units Split Across Two Buildings
  • Amenities Include Private Back Patios and Garage Parking
  • Current Ownership has Recently Renovated Some of the Units With Upgrades Including New Flooring, Remodeled Kitchens, and In-Unit Laundry
  • Just a short walk to Alamitos Beach and Junipero Beach

Exclusively Listed By

Listing Price: $2,400,000

Cap Rate
3.95%
Number of Units
6
Price/Unit
$400,000
Price/Gross SF
$478.66
Gross SF
5,014

Investment Highlights

  • A 6-Unit Multifamily Investment Property Located in Long Beach
  • The Property Consists of Studio, One-, and Two-Bedroom Units Split Across Two Buildings
  • Amenities Include Private Back Patios and Garage Parking
  • Current Ownership has Recently Renovated Some of the Units With Upgrades Including New Flooring, Remodeled Kitchens, and In-Unit 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 1517 East 1st Street, a 6-unit multifamily investment property located in Long Beach, one of the premier housing markets in Southern California. Built in 1914 and 1919, 1517 East 1st Street offers studio, one, and two-bedroom units split across two buildings. The front building contains three, two-bedroom units and a large one-bedroom unit and the rear building includes a studio unit and one-bedroom unit over four garage spaces. The property has recently been renovated with unit upgrades including in-unit laundry, new flooring, and remodeled kitchens. Located in Long Beach’s Alamitos Beach neighborhood, 1517 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. 1517 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. 1517 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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