1621 E 1st Street, Long Beach, California 90802, Long Beach, 90802 - 0 bed, 0 bath
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Long Beach, California 90802
This Quadruplex Asset is listed at $1,900,000, representing a stable acquisition priced accurately to its $1,900,969 Fair Market Value. The property holds a Fair Condition Rating and features significant capital improvements including dual-pane windows, newer stucco, and garage roof work. Rare amenities like private in-unit laundry, gated garage parking, and a neighborhood view drive consistent rental demand. Market trends in Alamitos Beach show high absorption for multi-family assets near Stevenson Elementary and Franklin Middle. This 5,869 sqft building offers immediate cash flow for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1621 E 1st Street Subject | $1,900,000* List Price | 0 | 0 | 5,869 | $324 | - |
A 1421 E 3rd Sold | $1,593,000 | 0 | 0 | 4,450 | $358 | 0.3 mi |
B 573 Nebraska Sold | $1,392,000 | 0 | 0 | 4,800 | $290 | 0.5 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
The property shows strong pride of ownership with significant exterior updates including newer stucco, dual-pane windows, and roof work. However, as a 1919 build with no mention or visual evidence of recent interior remodeling to the kitchens or bathrooms, it is classified as fair; the systems and interiors are likely functional but aged and outdated relative to modern standards.
Situated in the high-demand Alamitos Beach neighborhood near the coastline and Downtown, the property is perfectly positioned for consistent rental demand and long-term appreciation.
The property features significant capital improvements including recent termite clearance, dual-pane windows, newer exterior stucco, and garage roof work, reducing immediate maintenance needs.
Rare for the area, each unit offers private laundry and access to gated garage parking, which are highly sought-after features that command premium rental rates.
Built in 1919, the property may have aging internal systems typical of historic buildings that require ongoing monitoring and potential future modernization.
At a $1.9 million list price, the high price-per-unit may result in a lower initial cap rate, requiring a strategic management approach to maximize investment returns.
Well-maintained 4-unit property located on a desirable tree-lined street in close proximity to the beach and Downtown Long Beach. The property features a functional unit mix with each unit offering private laundry. This property also includes gated parking and garage space for added convenience. The property has been thoughtfully improved, including termite work completed within the past year, dual-pane windows, and exterior stucco completed approximately 2–3 years ago. Additional recent roof work has been completed on the garage structures. Pride of ownership is evident throughout. Ideally situated near the coastline, Downtown amenities, and popular annual events such as the Long Beach Grand Prix, along with future international events like the Olympics coming soon, this property is well positioned within a demand rental area.
No exterior & parking available.
Grades K-5 • 0.6 mi
Grades K-5 • 0.8 mi
Grades 6-8 • 0.6 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,869 | 3,576 | 93% |
| Lot Size | 7,553 | 5,022 | 80% |
| Price | $1.90M | $1.25M | 87% |
| Price per sq ft | $324 | $358 | 40% |
| Built year | 1919 | 1920 | 47% |
| HOA | $0 | $0 | 50% |
| Days on market | 15 | 194 | 7% |
Apr 7, 2026
$1,900,000
Initial Listing