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

1605 East 1st Street

^$ 2,500,000

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1605 East 1st Street

Long Beach, CA, 90802

^$ 2,500,000

Studio Baths0.0 Sq 4,971

Monthly Estimate*

^$ 15,597

1605 East 1st Street, Long Beach, CA 90802 - Image 1

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1605 East 1st Street, Long Beach, CA 90802 - Image 8

1605 East 1st Street, Long Beach, CA 90802 - Image 9

1605 East 1st Street, Long Beach, CA 90802 - Image 10

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,500,000. This 4,971 square foot home was built in 1988 on a lot size of 0.19.

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

Studio

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.19

Year Built

1988

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

0025588185

Features

General

Living Area 4971.0

Heating Fireplace(s)

Zoning LBR4R

Year Built 1988

Tenant Pays Electricity Gas

Levels Two

County Los Angeles

Net Operating Income 151964.0

New Construction No

Property Type C

HOA No

Status Active

City Long Beach

Senior Community Y/N No

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 8273.0

Standard Status Active

Interior

Kitchen Appliances Dishwasher Refrigerator Microwave

Total Stories 2

Air Conditioning Y/N No

Heating Y/N Yes

Laundry Features Washer Included Dryer Included Individual Room

Total Baths 0

Exterior

Parking Features Tandem Garage Garage - Three Door

Lot Size Area 8273.0

Foundation Details None

Pool Y/N? Yes

Building Area Total 4971.0

Lot Size Acres 0.19

Land Lease Type Fee

* Excluded Features

List By

Albert Morell

Listing Agent

Wre Socal, Inc.

Broker

Affordability Calculator

$15,597

Per Month

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

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Yearly Home Insurance

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.

793437 Elementary School

793428 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/11/2025	$2,500,000	-16.53%	Price Down
10/13/2025	$2,995,000	-6.84%	Price Down
9/30/2025	$3,215,000		Listed Price

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1605 East 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 0.19. 1605 East 1st Street is a studio with 0.0 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 Desert Association of Realtors.

Based on information from the California Desert Association of REALTORS® as of 11/14/2025. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the California Desert Association of Realtors. Real Estate listings held by brokerage firms (licensees) other than Weichert Realtors include the name of the listing brokers.

The information being provided is for consumers' personal, non-commercial use and may not be reproduced or redistributed. Its sole purpose is to be used to identify prospective properties consumers may be interested in purchasing.

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1605 East 1st Street

Multi-Family Home for sale in Long Beach, CA

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