102 Bonito Avenue, Long Beach, California 90802, Long Beach, 90802 - 5 bed, 4 bath

102 Bonito Avenue, Long Beach, California 90802 home-pic-0
ACTIVE$2,650,000
102 Bonito Avenue, Long Beach, California 90802
5Beds
4Baths
3,360Sqft
2,524Lot

Price Vs. Estimate

Estimation data not available

Key pros and cons

Top Pros:
Historic Mills Act Designation: The property benefits from a Historic Mills Act Designation, significantly reducing annual property taxes to approximately $5,000, offering substantial long-term financial savings.
Top Cons:
Age-Related Maintenance & Systems: Despite meticulous restoration, a 1929 property may still require ongoing maintenance for aging infrastructure (e.g., plumbing, electrical, potential lack of central AC) that could incur future costs.

Compared to the nearby listings

Price:$2.65M vs avg $1.05M (+$1,600,000)91%
Size:3,360 sqft vs avg 3,360 sqft50%
Price/sqft:$789 vs avg $48891%

More Insights

Built in 1929 (96 years old).
Condition: Despite being built in 1929, the property has undergone a 'meticulous restoration' as described, which is evident in the images. The kitchens feature modern white shaker cabinets, dark countertops, and stainless steel appliances, appearing virtually new. Bathrooms are extensively updated with new tiling (subway, mosaic), modern fixtures, and amenities like a Jacuzzi steam spa and glass shower enclosures. Hardwood floors are well-maintained throughout, and lighting appears updated with recessed lights and modern ceiling fans. The overall condition reflects a recent, high-quality renovation, meeting current standards with no visible deferred maintenance.
Year Built
1929
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$789
HOA
-
Days on market
-
Sold On
-
MLS number
SB25193224
Home ConditionExcellent
Features
Good View:
Patio
View

About this home

Welcome to Esser House! This stunning Spanish Colonial Revival property is truly irreplaceable. Meticulously restored to its original design and beauty, 102 Bonito Ave/ 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.

Condition Rating
Excellent

Despite being built in 1929, the property has undergone a 'meticulous restoration' as described, which is evident in the images. The kitchens feature modern white shaker cabinets, dark countertops, and stainless steel appliances, appearing virtually new. Bathrooms are extensively updated with new tiling (subway, mosaic), modern fixtures, and amenities like a Jacuzzi steam spa and glass shower enclosures. Hardwood floors are well-maintained throughout, and lighting appears updated with recessed lights and modern ceiling fans. The overall condition reflects a recent, high-quality renovation, meeting current standards with no visible deferred maintenance.
Pros & Cons

Pros

Historic Mills Act Designation: The property benefits from a Historic Mills Act Designation, significantly reducing annual property taxes to approximately $5,000, offering substantial long-term financial savings.
Meticulously Restored Historic Architecture: As the 'Esser House,' this Spanish Colonial Revival property has been meticulously restored to its original design and beauty, showcasing elegant architectural details and preserving its unique historical integrity.
Prime Walkable Urban Location: Located within an easy walk to Downtown Long Beach, residents have convenient access to a vibrant array of restaurants, shops, and the beach, enhancing lifestyle appeal and desirability.
Ample & Versatile Parking: A rare asset for a multi-unit historic property, it offers generous parking with 3 garages and 3 additional apron spaces, plus extra garage storage, providing significant convenience.
Income-Generating Triplex with Desirable Unit Features: As a triplex, it provides strong income potential. Units feature generous layouts, eat-in kitchens, separate dining/living rooms, in-unit laundry, and an owner's unit with a Jacuzzi steam spa and private balcony.

Cons

Age-Related Maintenance & Systems: Despite meticulous restoration, a 1929 property may still require ongoing maintenance for aging infrastructure (e.g., plumbing, electrical, potential lack of central AC) that could incur future costs.
Limited Lot Size: With a 2,524 sqft lot for a triplex, private outdoor space beyond the described patio/balcony is likely minimal, which may not appeal to buyers or tenants seeking larger yards or green space.
Historic Preservation Constraints: While beneficial for taxes, its status as a Long Beach Historic Landmark means future exterior modifications or significant interior alterations may be subject to strict preservation guidelines and approvals, limiting renovation flexibility.

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