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.