1001 E 1st Street, Long Beach, California 90802, Long Beach, 90802 - 5 bed, 4 bath

1001 E 1st Street, Long Beach, California 90802 home-pic-0
ACTIVE$2,650,000
1001 E 1st Street, Long Beach, California 90802
5Beds
4Baths
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
SB25014998
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.65M(91th), sqft - 3360(50th), beds - 5(91th), baths - 4(91th).

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, this property has undergone a meticulous and extensive restoration, as explicitly stated in the description and evidenced by the images. The kitchen features modern white shaker cabinets, dark countertops, stainless steel appliances, and contemporary wood-look tile flooring. The bathrooms, though not fully pictured, show new classic-style tiling and a pedestal sink, with the description mentioning a Jacuzzi steam spa in the owner's unit, indicating high-end updates. Hardwood floors throughout are in pristine condition, and all visible fixtures and finishes appear new or recently updated to a high standard. The 'meticulously restored' and 'revived' nature, along with the Mills Act Designation, strongly suggests a comprehensive renovation within the last 5 years, bringing all components to a virtually new condition.
Pros & Cons

Pros

Historic Landmark & Meticulous Restoration: The property is a 'Long Beach Historic Landmark' and a 'stunning Spanish Colonial Revival' that has been 'meticulously restored' to its original design and beauty, offering unique character and appeal.
Significant Property Tax Savings: Benefits from a 'Mills Act Designation,' substantially reducing annual property taxes to approximately $5,000, which is a considerable financial advantage for the owner.
Income-Generating Triplex: Classified as 'Residential Income' (Triplex) with distinct units (2-bed/2-bath owner's unit, 3-bed/2-bath second unit), providing strong rental income potential and flexibility.
Period-Authentic & Modernized Interiors: Features elegant architectural details like hardwood floors, classic fixtures, arches, wrought iron, and tile accents, combined with modern conveniences such as in-unit laundry and a Jacuzzi steam spa.
Excellent Walkable Location & Parking: Situated within an 'easy walk to Downtown Long Beach,' offering convenient access to restaurants, shops, and the beach, complemented by ample parking (3 garages + 3 apron spaces) and bonus storage.

Cons

Age-Related Maintenance & Infrastructure: Despite meticulous restoration, a 1929 building may still present ongoing maintenance challenges or require specialized care for its historic components and potentially older underlying infrastructure.
Lack of Mentioned Cooling System: The property description does not specify any air conditioning or cooling system, which could be a significant comfort concern for residents during warmer months in Long Beach.
Historic Preservation Restrictions: As a 'Long Beach Historic Landmark' and under the 'Mills Act,' future modifications or renovations will likely be subject to stringent historical preservation guidelines, potentially limiting owner autonomy and increasing project complexity/cost.

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