1605 E 1st Street Long Beach, CA ^$ 2,500,000

1605 E 1st Street

^$ 2,500,000

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1605 E 1st Street

Long Beach, CA, 90802

^$ 2,500,000

Bedrooms12 Baths8.0 Sq 4,971

Monthly Estimate*

^$ 15,597

Listed by WRE SoCal, Inc.

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Multi-Family Home for sale in Long Beach, CA

for $2,500,000 with 12 bedrooms and 8 full baths. This 4,971 square foot home was built in 1988 on a lot size of 0.1899.

This coastal investment property is located within a historic district, minutes to the beach with small shops, coffee houses, restaurants, proximate to Marine Stadium, Alamitos Bay, and Naples Island. Convenient to public transportation and freeway access, with proximity to Cal State Long Beach. An incredible unit mix, consisting of a classic 3-bedroom/2-bath house, plus four newer condominium-style units, composed of three 3-bedroom/2-bath units and one 2-bedroom/2-bath unit. All units are separately metered and have upgraded appliances, including washers and driers. The property is well maintained and nicely landscaped, with a solar-camera security system. There are five tandem garages, offering two parking spaces per unit, a big plus in an area where parking is at a premium. PRICE REDUCED with a 6% CAP RATE!

Multi-Family Active

Price

^$ 2,500,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1899

Year Built

1988

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

25588185

Days on Market

Features

General

Living Area 4971

Heating Fireplace(s)

Cooling None

Appliances Dishwasher Microwave Refrigerator Dryer Washer

Zoning LBR4R

Garage Spaces 10

Year Built 1988

Tenant Pays Electricity Gas

Stories Count 2

Levels Two

Gross Income 200124

County Los Angeles

Net Operating Income 151964

New Construction 0

Property Type Residential Income

HOA 0

Garage Y/N 1

Full Baths 0

Special Listing Conditions Standard

Status Active

Directions Ocean Blvd near Gaviota.

City Long Beach

Senior Community Y/N 0

Number Of Units Total 5

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 8273

Standard Status Active

Occupancy Type Tenant

Cap Rate 6.07

Interior

Total Stories 2

Air Conditioning Y/N 0

Heating Y/N 1

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Laundry Features Laundry Room

Total Bedrooms 12

Total Baths 8

Exterior

Parking Features Door-Multi Garage Tandem

Total Parking 10

Lot Size Area 8273

Number of Buildings 2

Building Area Total 4971

Lot Size Acres 0.1899

Number of Separate Water Meters 5

Number of Separate Gas Meters 5

Number of Separate Electric Meters 5

* Excluded Features

List By

Wre Socal, Inc.

Broker

dralbertmorell@gmail.com

Affordability Calculator

$15,597

Per Month

Monthly Principal & Interest: $15,597
Monthly Property Taxes: --
Monthly Home Insurance: --

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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

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,850,607

Percent of Sale Price 26%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,500,000		Listed Price

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1605 E 1st Street, Long Beach, CA, 90802 is a Multi-Family Home for sale at $2,500,000 with 4,971 sqft and a lot size of 0.1899. 1605 E 1st Street has 12 bedrooms, 8.0 baths, and was built in 1988. The property's zip code is 90802 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: 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.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/17/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1605 E 1st Street

Multi-Family Home for sale in Long Beach, CA

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