1001 E 1st Street, Long Beach, California 90802, Long Beach, 90802 - bed, bath

1001 E 1st Street, Long Beach, California 90802 home-pic-0
ACTIVE$2,650,000
1001 E 1st Street, Long Beach, California 90802
0Bed
0Bath
3,360Sqft
2,524Lot
Year Built
1929
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$789
HOA
-
Days on market
-
Sold On
-
MLS number
SB25014963
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.65M(91th), sqft - 3360(50th), beds - undefined(50th), baths - undefined(50th).

BROKERS OPEN - MAY 1st from 10AM to 1PM! Welcome to Esser House! This stunning Spanish Colonial Revival property is truly irreplaceable. Meticulously restored to its original design and beauty, 1001 E 1st St. was built by William Esser the famous 18th century Long Beach Builder. The owners have not merely restored it, but meticulously revived every intricate detail to mirror the craftsmanship and soul of its original design. From each carefully chosen material to every delicate feature, it stands as a tribute to its historic beauty, inviting us to step back into the grace of its first creation. The beauty of this building will bring you back to a bring and so will the property taxes. Through it's redesign it has received a historic Mills Act Designation which drops the property taxes down to $5000 annually. Each unit showcases elegant architectural details, including beautiful hardwood floors, classic fixtures, built-in mantles, arches, wrought iron, and tile accents. The owner’s unit boasts 2 large bedrooms and 2 bathrooms, one with a Jacuzzi steam spa, along with a private balcony. The second unit is a generous 3-bedroom, 2-bath apartment with a private patio. All units offer eat-in kitchens, separate dining and living rooms, and in-unit laundry facilities. The property provides ample parking with 3 garages and 3 additional spaces on the apron, along with garage storage. There is also a separate bonus space that could serve as an office or additional storage. The location is an easy walk to Downtown Long Beach, with its restaurants, shops, and the beach. The Esser House is a Long Beach Historic Landmark and is protected under the Mills Act, offering substantial tax savings. It represents a rare opportunity to own a piece of Long Beach history. OM in supplements.

Nearby schools

7/10
Stevenson Elementary School
Public,K-50.4mi
6/10
Burbank Elementary School
Public,K-51.0mi
6/10
Franklin Classical Middle School
Public,6-80.4mi
6/10
Polytechnic High School
Public,9-121.4mi

Price History

Date
Event
Price
04/29/20
Sold
$1,400,000
06/05/98
Sold
$245,000
Condition Rating
Excellent

Despite being built in 1929, the property has undergone a 'meticulous restoration' and 'revival' as described, bringing it to a virtually new condition. The kitchens feature modern white cabinetry, dark countertops, and contemporary wood-look tile flooring. Bathrooms are beautifully updated with marble-look subway tiling, modern fixtures, glass shower enclosures, and a pedestal sink, with one unit boasting a Jacuzzi steam spa. Hardwood floors are present throughout living areas, and modern in-unit laundry facilities are included. All visible components appear new or recently updated, reflecting current quality standards with no deferred maintenance.
Pros & Cons

Pros

Historic & Architectural Significance: The 'Esser House' is a meticulously restored Spanish Colonial Revival property, a Long Beach Historic Landmark, offering unique character and irreplaceable design by a renowned builder.
Substantial Property Tax Savings: Benefits from a Mills Act Designation, significantly reducing annual property taxes to an attractive $5,000.
Prime Walkable Urban Location: Situated within easy walking distance to Downtown Long Beach's vibrant restaurants, shops, and the beach, enhancing lifestyle and rental appeal.
Income-Generating Triplex with Amenities: A residential income property (triplex) featuring well-appointed units with in-unit laundry, private outdoor spaces (balcony/patio), and elegant architectural details.
Exceptional Parking & Versatile Space: Offers ample parking with 3 garages and 3 additional spaces, plus a separate bonus area suitable for an office or extra storage, a significant advantage in an urban setting.

Cons

Age-Related Maintenance Considerations: Despite meticulous restoration, a property built in 1929 may still present ongoing maintenance challenges or require specialized upkeep inherent to historic structures.
Limited Lot Size: The 2,524 sqft lot is relatively small for a triplex, potentially limiting outdoor common areas or future expansion opportunities.
Potential Lack of Modern HVAC: The description does not explicitly mention central air conditioning or modern heating systems, which could be a drawback for some buyers in a property of this age.

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