1836 E. 1st Street

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Address: 1836 E 1st St, Long Beach, CA 90802, USA
Created date: October 1, 2024
Date last updated: October 1, 2024

– Prime Bixby Park Location
– Property Features Brand New Electrical and Gas Lines – Most Units Renovated with In-Unit Washer/Dryers
– Non-Conforming Unit Currently in the Permitting Process
– Assumable Financing Available at 3.59% Until April 1, 2027

Property Description

1836 E. 1st Street is a 16-unit apartment asset located in prime Bixby Park, Long Beach. Assumable financing is available at 3.59% until April 1, 2027. The controlled access building is comprised of (11) studios, (2) 1BD/1BA, and (3) 2BD/1BA. Most units have been renovated and feature in-unit washer/ dryers. One of the 16 units is a non-conforming studio that is currently in the process of being permitted. Building improvements include brand new electrical and gas lines. On-site laundry provides current income. 1836 E. 1st Street is located two blocks from the beach and in close proximity to all the best of coastal living.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $4,150,000
No. of Units: 16
Cap Rate: 4.56%
GRM /GIM: 13.17
Year Built: 1923
Building Size: 7,676 Sq ft
Lot Size: 8,278.00 Sq ft
Opportunity Zone: No
Price per unit: $259,375
Address: 1836 E 1st St, Long Beach, CA 90802, USA

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