1500 E 1st Street 3 Long Beach, CA $ 1,650,050
1500 E 1st Street 3
$ 1,650,050
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1500 E 1st Street 3

Long Beach, CA, 90802
$ 1,650,050
Baths1.0 Sq 1

Monthly Estimate*

$ 10,294

Listed by MagiCal Properties, Inc.
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Studio

Multi-Family Home for sale in Long Beach, CA

for $1,650,050 with 1 full bath. This 1 square foot home was built in 1906 on a lot size of 0.1153.

Investors pride of ownership. This stylish 3 unit complex is located minutes from the beach and beautiful downtown Long Beach. All units have been remodeled and features a welcoming, private entrance leading to the units. Upper unit is a 2 bedroom, 1 bath with a spacious living room layout with laundry hook-ups and 2 balcony's to enjoy the view on a nice day. The other two units are a charming and cozy 1 bedroom with 1 bath located on the lower level with nice space between them and no common walls for privacy. Perfect for a tenant or smaller family. There is also a 4th vacant unit that was converted from a storage room to a studio apt with a balcony. Not permitted but the structure was there and then remodeled into a studio. Complex comes with a laundry room for lower units to enjoy without having to leave the premises while also providing additional income to the investor. This is a unique investment opportunity for anyone looking to grow their portfolio. Come and take a look at this outstanding opportunity to own in the heart of Long Beach and in one of the areas most desirable locations.

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Multi-Family Contingent

Price

$ 1,650,050

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1153

Year Built

1906

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

RS25187509

Days on Market

110

Features
General
Sewer Public Sewer
Heating Floor Furnace Wall Furnace
Cooling None
Utilities Water Available
Possession Close Of Escrow
Roof Shingle
Appliances Water Heater
Zoning LBR4R
HOA Fee 0
Garage Spaces 0
Pool Features None
Construction Materials Wood Siding
Year Built 1906
Electric Standard
View City Lights
Stories Count 2
Levels Two
Unit Number 3
Property Subtype Triplex
Gross Income 1080
Community Features Biking Curbs Sidewalks
County Los Angeles
Net Operating Income 83391
Operating Expense 8709
Insurance Expense 2397
New Construction false
Property Type Residential Income
HOA false
Subdivision Name Alamitos Beach (AB)
Facing Direction South
Garage Y/N false
Other Structures Shed(s) Storage
Special Listing Conditions Standard
Status Active Under Contract
Directions 1st and falcon Ave
City Long Beach
Entry Location Front Door
Senior Community Y/N false
Number Of Units Total 3
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 5022
Carport Spaces 0
Listing Terms Cash to New Loan Conventional Submit
Spa Features None
Property Attached Y/N false
Land Lease Y/N false
Electric Expense 3852
Fuel Expense 328
Property Condition Updated/Remodeled
Trash Expense 656
Walk Score 88
Water Sewer Expense 1476
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Assessor
Tax Lot 2
Total Actual Rent 7675
Property Sub Type Additional Triplex
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Interior
Interior Amenities Balcony French Door(s)/Atrium Door(s)
Flooring Laminate Tile Vinyl
Fireplace Features None
Total Stories 2
Common Walls No Common Walls
Air Conditioning Y/N false
Heating Y/N true
Window Features Atrium
Fireplace Y/N false
Laundry Features Common Area Washer Hookup Inside
Entry Level 2
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Exterior
Fencing Wood
Parking Features None
Lot Features 2-5 Units/Acre Corner Lot Garden Near Public Transit Paved
Water Source Public
Total Parking 0
Lot Size Area 5022
Foundation Details Raised
Number of Buildings 1
Spa false
Building Area Total 1
Lot Size Acres 0.1153
Road Surface Type Paved
Private Pool false
Lot Size Source Assessor
Door Features Atrium Doors
Number of Separate Water Meters 1
Number of Separate Gas Meters 1
Number of Separate Electric Meters 1
Road Frontage Type City Street
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* Excluded Features
List By
Magical Properties, Inc.

Broker

mmags024@gmail.com

Email

Affordability Calculator

$10,294
Per Month
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Monthly Principal & Interest
$10,294
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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
11/20/2025$1,650,050 Listed Price

Map


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1500 E 1st Street 3, Long Beach, CA, 90802 is a Multi-Family Home for sale at $1,650,050 with 1 sqft and a lot size of 0.1153. 1500 E 1st Street 3 is a studio with 1.0 baths and was built in 1906. The property's zip code is 90802 which is in Long Beach, CA