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Listed by Robert Stepp, DRE #01456379 • Keller Williams Realty Downey
$2,100,000
Est. payment /mo
8,263 Sqft Lot
New
1317 E 1st Long Beach, CA 90802
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Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW26186315
Year Built 1902
Lot Size 8,263 Sqft
Property Sub-Type Triplex
Source California Regional MLS
Property Description
1317 E. 1st Street presents a rare opportunity to acquire a fully renovated triplex in the heart of Alamitos Beach with a unique combination of residential quality, strong in-place income, exceptional parking and owner-occupancy potential. The property has undergone an extensive renovation program totaling ~$375,000, including the complete rebuild of all three residential units. The improvements have created modern, highly competitive residences while substantially reducing the deferred maintenance and near-term capital expenditure. Situated on an 8,263-square-foot lot, the property consists of three separate residences totaling 2,367 square feet: (1) spacious 1,300-square-foot 3BD/2BA main residence; (1) 650-square-foot 1BD/1BA unit; and (1) 417-square-foot studio. A significant competitive advantage is the property's eight off-street parking spaces, including five alley-access garages and three driveway spaces-an exceptional amenity in highly parking-impacted Alamitos Beach. In addition to enhancing tenant appeal and marketability, the five garages provide a meaningful ancillary income stream with additional upside potential. The combination of extensive parking and garage income differentiates the property from competing coastal rental properties while providing an additional
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Heating Central Forced Air
Laundry Laundry Area, Other
Exterior
Garage Spaces 8.0
Pool None
Building
Water District - Public
Others
Tax ID 7265012019
Special Listing Condition Not Applicable
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