833 East 1st Street

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Address: 833 E 1st St, Long Beach, CA 90802, USA
Created date: November 1, 2024
Date last updated: February 4, 2025
  • Outstanding Location – Short Walk to the Beach and Downtown
  • Predominantly Single-Story Units
  • Gated Access & Garage Parking (6 Garages)
  • Added Value Opportunity – Projected ±43% in Rental Upside
  • Long Term Ownership – Motivated Sellers
  • Part of a (4) Property Portfolio -- Can Be Purchased Separately or Together

Property Description

Morgan Skenderian, Inc. is pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,240,000
No. of Units: 10
Year Built: 1922
Lot Size: 0.19 Sq ft
Opportunity Zone: No
Price per unit: $224,000
Property Website Click Here
Address: 833 East 1st Street, Long Beach, CA 90802, USA
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