1836 E 1st St - Apartments FOR SALE


Long Beach, CA 90802
$4,150,000 USD
310-463-2916
1836 E 1st St, Long Beach, CA for Sale
$4,150,000 USD
Apartments - FOR SALE
1/15
null | 4.56% Cap Rate

1836 E 1st St
Long Beach, CA 90802


HIGHLIGHTS

  • 3.59% Finanancing Available Until April 1, 2027
  • Prime Bixby Park Location
  • New Electrical and Gas Lines
  • Most Units Renovated with In-Unit Washer/Dryers
  • Non-Conforming Unit Currently in the Permitting Process

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,150,000 USD

PRICE/SF

$541 USD /SF

# OF UNITS

16

PRICE/UNIT

$259,375

CAP RATE

4.56%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

3.59% Assumable Financing Available

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,246 SF

ZONING

R4R

APN/PARCEL ID

7265-018-007

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Robert SteppStepp CommercialMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.