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    1001 E 1st Street

    Long Beach, CA 90802
    • $1,850,000
    • STATUS: Active
    • ON SITE: 86 days
    • ID#: PW20157142
    UPDATED: 208 min ago
    $1,850,000
    • 0
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,360
      SQFT
    • $551
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are privileged to present The 'Esser House+G-.This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Although both units have been beautifully renovated, the current owner took great pride in retaining the history and architectural appeal to this phenomenal asset. Historical Spanish Colonial Revival style buildings of this caliber rarely find their way to the market and when they do, they receive an incredible amount of attention.Acquiring an asset in this location, with this level of architectural design, sophistication and history is extremely rare. Sincerely, The "Esser House" is a Pride of Ownership asset and a magnificent piece to add to your portfolio! Looking forward to hearing from you.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

    www.therealestategirl.com/homes/108594190
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    1001 E 1st Street Long Beach, CA 90802

    • Price: $1,850,000
    • Status: Active
    • Updated: 208 min ago
    • ID#: PW20157142
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    3,360
    SQFT
    $551
    $/SQFT
    1929
    Built
    Neighborhood:
    Alamitos Beach (Ab)
    County:
    Los Angeles
    Area:
    4 - Downtown Area, Alamitos Beach
    Property Description
    We are privileged to present The 'Esser House+G-.This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Although both units have been beautifully renovated, the current owner took great pride in retaining the history and architectural appeal to this phenomenal asset. Historical Spanish Colonial Revival style buildings of this caliber rarely find their way to the market and when they do, they receive an incredible amount of attention.Acquiring an asset in this location, with this level of architectural design, sophistication and history is extremely rare. Sincerely, The "Esser House" is a Pride of Ownership asset and a magnificent piece to add to your portfolio! Looking forward to hearing from you.
    Exterior Features

    Architectural Style Mediterranean Foundation Details Raised Garage Spaces 3.00 Lot Features Corner Lot Lot Size Dimensions 50 X 51 Lot Size Source Assessor Lot Size Units Square Feet Parking Total 3.00 Pool Features None Pool Private YN No Property Attached YN No Road Frontage Type City Street Road Surface Type Paved Roof Tile View Neighborhood View YN Yes

    Interior Features

    Appliances Gas OvenGas RangeGas CooktopGas Water HeaterRefrigerator Appliances YN Yes Average Studio Area 200 Average Studio Area Units Square Feet Average1 Bed Area Units Square Feet Average2 Bed Area 1560 Average2 Bed Area Units Square Feet Average3 Bed Area 1800 Average3 Bed Area Units Square Feet Common Walls No Common Walls Cooling None Cooling YN No Fireplace Features Living Room Fireplace YN Yes Flooring Wood Heating Wall Furnace Heating YN Yes Interior Features High Ceilings Laundry Features Inside Levels Two Room Type KitchenLiving Room

    Property Features

    Accessibility Features Parking Additional Parcels YN No Association Fee 0.00 Association YN No Building Area Units Square Feet Cap Rate 3.90 Community Features BikingCurbsGuttersParkSidewalksStreet LightsUrban Country Us Electric Expense 0.00 Elevation Units Feet Garage Income 0.00 Garage Rental Rate 0.00 Gross Income 102600.00 Gross Multiplier 18.00 Gross Operating Income 100548.00 Gross Scheduled Income 102600.00 Insurance Expense 0.00 Land Lease YN No Laundry Equipment Own Lease Own Laundry Income 0.00 Laundry YN Yes Net Operating Income 72118.00 New Construction YN No New Taxes Expense 0.00 Number Of Separate Electric Meters 3 Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 28430.00 Other Income1 15000.00 Property Condition Turnkey Property Sub Type Duplex Rent Control YN Yes Security Features Carbon Monoxide Detector(S)Smoke Detector(S) Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Subdivision Name Other Alamitos Beach (Ab) Total Expenses 28430.00 Trash Expense 0.00 Utilities Cable AvailableElectricity ConnectedNatural Gas ConnectedPhone AvailableSewer ConnectedWater Connected Vacancy Allowance 2052 Vacancy Allowance Rate 2.00 Water Sewer Expense 0.00 Water Source Public Year Built Source Assessor Zoning Lbr4r

    Listing provided courtesy of Cameron Jacques of Kinnery's Brokerage House


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-10-31T00:32:35.807. 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 deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Realty. Licensed in the State of California, USA.

     
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