RealKey
‪(213) 433-7766‬

1621 1st Street Boulevard 4, Long Beach, California 90802, Long Beach, 90802 - bed, bath

1621 1st Street Boulevard 4, Long Beach, California 90802 home-pic-0
ACTIVE$2,300,000
1621 1st Street Boulevard 4, Long Beach, California 90802
0Bed
0Bath
5,869Sqft
7,248Lot
Year Built
1950
Close
-
List price
$2.3M
Original List price
$2.3M
Price/Sqft
$392
HOA
-
Days on market
-
Sold On
-
MLS number
PW25093461
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.30M(82th), sqft - 5869(91th), beds - undefined(50th), baths - undefined(50th).

New Listing – Prime Long Beach 4-Unit Investment Property Just 1 Block from the Beach Don’t miss this incredible opportunity to own a well-maintained 4-unit building in a highly desirable Long Beach location—just one block from the sand! This secure, gated property features garages and additional off-street parking, offering both convenience and peace of mind. Each unit is lovely inside and has been meticulously cared for, with long-term tenants in place. There's strong potential for rental upside, making this a great investment opportunity. Enjoy the ultimate coastal lifestyle—walk to the beach, grab coffee nearby, take your dog for a stroll, and experience everything Long Beach has to offer.

Nearby schools

6/10
Burbank Elementary School
Public,•K-5•0.6mi
7/10
Stevenson Elementary School
Public,•K-5•0.8mi
6/10
Franklin Classical Middle School
Public,•6-8•0.6mi
6/10
Polytechnic High School
Public,•9-12•1.6mi

Price History

Date
Event
Price
05/02/25
Listing
$2,300,000
Condition Rating
Fair
Built in 1950, this property is 75 years old. While the exterior appears well-maintained and the description states units are 'lovely inside' and 'meticulously cared for,' the age strongly suggests that major systems (plumbing, electrical, HVAC) and interior finishes, particularly kitchens and bathrooms, are likely dated, even if functional. The property analysis also notes a 'Potential for Outdated Systems.' Without interior photos, a detailed assessment of modern features is impossible, but the age aligns with the 'Fair' category, indicating an aged but maintained property where major components are functional but show signs of being outdated.
Pros & Cons

Pros

Prime Coastal Location: Situated just one block from the beach in the highly desirable Alamitos Beach area of Long Beach, offering an attractive lifestyle and strong tenant demand.
Income-Generating Quadruplex: A 4-unit investment property (quadruplex) providing multiple income streams and diversification, ideal for investors seeking residential income.
Strong Rental Upside Potential: The listing explicitly states 'strong potential for rental upside,' indicating opportunities to increase profitability and return on investment.
Secure & Convenient Parking: The property is gated and includes garages plus additional off-street parking, a significant amenity in a dense urban/coastal environment.
Well-Maintained with Stable Tenancy: Units are described as 'lovely inside' and 'meticulously cared for,' with 'long-term tenants in place,' suggesting stable income and potentially lower immediate maintenance concerns.

Cons

Age of Property: Built in 1950, the property is 75 years old, which may imply older infrastructure, systems (plumbing, electrical), and potential for higher long-term maintenance or capital expenditure needs.
Lack of Specific Financials: While 'rental upside' is mentioned, the listing does not provide current rental income, operating expenses, or cap rate, which are crucial for a comprehensive investment analysis.
Potential for Outdated Systems: Despite being 'meticulously cared for,' a 1950 build may still have original or older major systems (e.g., HVAC, electrical panels, plumbing) that could require significant upgrades in the near future.

Best solution for experienced home buyers!

Data-driven home buying experience with our licensed real estate agents and cutting-edge AI

Browse Properties by State Browse housing market trends by state