1149 E 1st Long Beach, CA $ 3,200,000
1149 E 1st
$ 3,200,000
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1149 E 1st

Long Beach, CA, 90802
$ 3,200,000
Baths1.0 Sq 7,906

Monthly Estimate*

$ 19,703

Listed by Sage Real Estate Group, Inc.
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Studio

Multi-Family Home for sale in Long Beach, CA

for $3,200,000 with 1 full bath. This 7,906 square foot home was built in 1941 on a lot size of 0.1892.

1149 E. 1st Street is a striking 12-unit Art Deco multifamily property with a bonus 13th non-conforming unit, ideally located in the heart of Alamitos Beach — one of Long Beach’s most desirable coastal neighborhoods. This architectural standout blends timeless 1930s character with meaningful modern upgrades. The building has been freshly painted and features upgraded plumbing and electrical systems, enhancing long-term performance while preserving its historic charm. Its bold lines and coastal energy evoke a subtle Miami Art Deco aesthetic — vibrant, clean, and full of personality. The property offers a well-balanced unit mix: 3 Studio Units, 2 Two-Bedroom Units (one serving as a penthouse-style unit), 7 One-Bedroom / One-Bath Units, Bonus 13th Non-Conforming Unit All units have been thoughtfully updated with newer kitchens, upgraded flooring, and refreshed interiors. The layouts are spacious and filled with natural light, offering larger-than-average unit sizes compared to many nearby properties — a significant advantage in tenant appeal and retention. The property also includes three garages, providing valuable parking and/or additional income potential in this high-demand beachside location. Situated just blocks from the ocean and minutes from Downtown Long Beach, residents enjoy exceptional walkability, coastal access, dining, nightlife, and the vibrant energy that defines Alamitos Beach living. 1149 E. 1st Street represents a rare opportunity to acquire a character-rich coastal asset with strong rental appeal, solid improvements, and long-term upside in one of Long Beach’s most dynamic neighborhoods.

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Multi-Family Active

Price

$ 3,200,000

Bedrooms

Studio

Full Bath

1

Property Type

Multi-Family

Taxes

$ 0

Style

Lot Size

0.1892

Year Built

1941

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW26011273

Days on Market

9

Features
General
Sewer Public Sewer
Heating Natural Gas Wall Furnace
Utilities Sewer Connected Water Connected
Garage Spaces 3
Pool Features None
Year Built 1941
Tenant Pays Electricity Gas
Property Subtype Apartment
Gross Income 285194
Community Features Street Lights Sidewalks
Accessibility Parking
County Los Angeles
Net Operating Income 184684
Operating Expense 91262
Insurance Expense 14007
New Construction false
Property Type Residential Income
MaintenanceExpense 9000
Subdivision Name Alamitos Beach (AB)
Garage Y/N true
Special Listing Conditions Trust
Status Active
Directions E. of Cerritos Ave W. of Orange Ave.
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 12
MLS Area 4 - Downtown Area Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 8243
Number of Units Leased 12
Listing Terms Cash Cash to New Loan Conventional 1031 Exchange
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 0
Fuel Expense 0
Trash Expense 1845
Walk Score 88
Water Sewer Expense 7383
Additional Parcels Y/N false
Rent Control Y/N true
Building Area Units Square Feet
Standard Status Active
Year Built Source Assessor
Tax Lot 13
Total Actual Rent 23766
Property Sub Type Additional Apartment
Taxes 40000
Cap Rate 5.8
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Interior
Total Stories 3
Common Walls 2+ Common Walls
Heating Y/N true
Laundry Features Common Area
Entry Level 1
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Exterior
Parking Features Garage
Lot Features 0-1 Unit/Acre
Water Source Public
Total Parking 3
Lot Size Area 8243
Number of Buildings 1
Building Area Total 7906
Lot Size Acres 0.1892
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 13
Number of Separate Electric Meters 13
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* Excluded Features
List By
Sage Real Estate Group, Inc.

Broker

juan@sageregroup.com

Email

Affordability Calculator

$19,703
Per Month
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Monthly Principal & Interest
$19,703
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Default based on a 30-year fixed rate of 6.25% 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
2/14/2026$3,200,000 Listed Price

Map


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1149 E 1st, Long Beach, CA, 90802 is a Multi-Family Home for sale at $3,200,000 with 7,906 sqft and a lot size of 0.1892. 1149 E 1st is a studio with 1.0 baths and was built in 1941. The property's zip code is 90802 which is in Long Beach, CA