Contacts

Damien Breaux

Morgan Skenderian Investment Real Estate Group

Property Details

Property Type Multi-Family
Property Size 6,087 SF
Units 10
Lot Size 0.19 Acre
Additional Rent Contact for pricing
Year Built 1922
Date Updated Nov 20, 2024

Incorporated in 1897, Long Beach has a population of just over 450,000, making it the 44th most populous city in the United States, and the 3rd largest in Southern California, behind only Los Angeles and San Diego. The Port of Long Beach is the second busiest container port in the U.S., and amongst the largest shipping ports in the world. Long Beach is situated in the southeastern corner of Los Angeles County, and borders Orange County. The city offers numerous waterfront attractions, including the Aquarium of the Pacific, the permanently-docked RMS Queen Mary, and IndyCar's Long Beach Grand Prix. Alamitos Beach is a coastal neighborhood in the southern portion of the city that is comprised primarily of residential properties. There is a public beach within short walking distance as well as access to the Shoreline Pedestrian Bike Path, which stretches from Shoreline Village in Downtown to Belmont Shore. 833 E. 1st St. offers an ideal location, between the sandy beach, Downtown's Pine Avenue, and Retro Row, a revitalized stretch of 4th St. that includes vibrant shopping, dining, and entertainment destinations.Morgan Skenderian, Inc. is pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.

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Highlights

Outstanding Location – Short Walk to the Beach and Downtown
Predominantly Single-Story Units
Gated Access & Garage Parking (6 Garages)
Added Value Opportunity – Projected ±45% in Rental Upside
Long Term Ownership – Motivated Sellers
Part of a (4) Property Portfolio -- Can Be Purchased Separately or Together

Getting around

96/100
Walk Score ®
71/100
Transit Score ®
83/100
Bike Score ®

Powered by Walk Score ®

City Long Beach, CA
Neighborhood Alamitos Beach
Zip Code 90802
Market Los Angeles

Points of Interest

5th Street

0.60 miles
Pacific Avenue

0.76 miles
Anaheim Street

1.08 miles
Pacific Coast Highway

1.57 miles
Wardlow

3.70 miles
Del Amo

5.80 miles

Chevron

0.08 miles
Shell

0.09 miles
USA gas

0.56 miles
Speedway Express

1.02 miles
76

1.10 miles
Arco

1.66 miles
eVgo

2.52 miles
Blink Charging Station

2.84 miles
ChargePoint

4.09 miles
EVgo

6.27 miles

parking structure

0.60 miles
Parking structure

0.60 miles
Parking structure (for courthouse)

0.97 miles
Public Parking

1.19 miles
Long Beach Transit

1.30 miles
Lot 1

1.64 miles
P2

1.66 miles
Lot 7 staff

1.69 miles
Lot 2

1.69 miles
Lot 3 Staff

1.71 miles

Vagabond Inn Convention Center Long Beach

0.05 miles
Travelodge Convention Center

0.17 miles
Rodeway Inn Long Beach Convention Center

0.17 miles
Beach Inn Motel

0.22 miles
Courtyard Long Beach Downtown

0.23 miles
The Inn of Long Beach

0.23 miles
BEST WESTERN PLUS Hotel at the Convention Center

0.25 miles
City Center Motel

0.28 miles
Hotel Royal

0.33 miles
Westin

0.39 miles

Vons

0.19 miles
La Vista Market Carniceria

0.40 miles
El Super

0.50 miles
Ross

0.56 miles
Superior Grocers

0.97 miles
ALDI

1.06 miles
Kim Long Market

1.07 miles
Smart & Final

1.09 miles
Big Saver Food

1.11 miles
Northgate Market

1.12 miles

In-Depth Research Available for this Property

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833 East 1st Street