18
See all 18 photos
$3,200,000
Est. payment /mo
8 Beds
6 Baths
Active
3515 E 1st Street Long Beach, CA 90803
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Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB25083005
Bedrooms 8
Property Sub-Type Res Income 2-4 Units
Property Description
Welcome to 3515 E 1st St, a rare and architecturally stunning Streamline Moderne 5-unit apartment building in the heart of Belmont Shore, just one block from the water. Spanning 6,014 SF on a 12,975 SF lot, this income-generating property offers a highly desirable unit mix: (1) 3-Bed/1-Bath, (2) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath. With three tenant ready units , this is an ideal opportunity for investors or owner-users looking to capitalize on prime rental upside in one of Long Beachs most sought-after neighborhoods. Beyond its existing footprint, the property offers significant development potential, allowing for up to five additional units atop the current structurecreating a 10-unit masterpiece in an unbeatable coastal location. Tenants will enjoy walkability to the beach, dining, shopping, and entertainment along 2nd Street, with easy access to major freeways and employment hubs. Listed at $3,200,000, this is a premier opportunity to own a trophy asset with value-add potential in a high-demand rental market. Dont miss out on this rare find.
Location
State CA
County Los Angeles
Zoning Assessor
Direction On E 1st St, off Redondo Ave
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Tax ID 7264012023
Listed by Aaron Jacobson Lyon Stahl Investment Real Estate, Inc.