1621 1st Street Blvd in Long Beach is a multi-family investment property with 9 bedrooms and 6 bathrooms, listed for $2,300,000. It’s just a block from the beach and covers 5,869 square feet in a prime neighborhood.
Built in 1950, the building blends classic charm with investment potential. For buyers eyeing Long Beach real estate, this address stands out for both its size and location.
Investors might find this four-unit property especially appealing for its income potential and proximity to shops and the ocean.
Overview of 1621 1st Street Blvd Long Beach 90802
1621 1st Street Boulevard sits in Long Beach, California as a multi-family property. It offers an investment opportunity in a walkable coastal neighborhood close to downtown and Alamitos Beach.
Location and Neighborhood
The building sits in a lively part of Long Beach, just a block from Alamitos Beach. Sand and ocean are honestly just steps away.
Cafes, local shops, and restaurants fill the neighborhood. Downtown is nearby, so residents can easily reach transit, nightlife, and community events.
The location connects well to other parts of Los Angeles County, making it handy for work or school. The coastal lifestyle, paired with city perks, draws in tenants and owners who want a vibrant atmosphere.
Many streets show off historic homes and apartments, mixing old charm with modern living. Parks and bike paths make staying active almost too easy.
The area’s walkability and beach access are big draws for anyone considering multi-family buildings like this one.
Property Listing Details
The property at 1621 1st Street Blvd is listed for sale at $2,300,000. It’s a four-unit multi-family building with nine bedrooms and six bathrooms.
Unit Information for 1621 E 1st Street Long Beach
| Units | Beds | Bathrooms | Garage | Furnished? | Actual Rent | Total Rent | Pro Forma |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 2 | No | $2000 | $24,000 | $2,200 |
| 1 | 2 | 1 | 2 | No | $1,950 | $23,400 | $2,200 |
| 1 | 3 | 2 | 2 | No | $2,025 | $24,300 | $2,500 |
| 1 | 2 | 2 | 2 | No | $1,700 | $20,400 | $2,200 |
Built in 1950, it offers about 5,869 square feet of interior space. According to its listing, this building is aimed at investors or buyers looking for rental income opportunities.
All units are multi-bedroom, so it appeals to a range of tenants. The MLS ID for this property is PW25093461, registered with CRMLS.
This listing is featured among the top real estate listings. The property’s price reflects its exceptional location and large units.
Multi-family homes this close to the beach and downtown Long Beach don’t come up often.
Property Features and Amenities
1621 1st Street Blvd in Long Beach offers a secure, multi-family investment with practical amenities and strong location appeal. Residents get dedicated parking, laundry access, and a gated setting that adds value and convenience.
Multi-Family Layout
This property is a 4-unit multi-family building with 9 bedrooms and 6 bathrooms total. Each unit offers living spaces suitable for families or professionals.
The building area is roughly 5,869 square feet, so the units feel spacious. It was designed to maximize function and privacy for everyone living there.
This setup supports multiple income streams, which is great for investors looking to balance risk and return. Each unit has its own meter, so billing and management get a lot easier.
The lot size gives each unit enough indoor space while keeping some shared areas outside. The multi-family structure lets owners try out different leasing strategies.
Garages and Parking
Garages and off-street parking are standout features at 1621 1st Street Blvd. The gated entrance gives residents peace of mind when coming and going.
Each unit gets either a garage or a designated parking spot, so tenants don’t need to hunt for street parking. There’s enough parking for residents with multiple vehicles or guests.
The garages add convenience and long-term value by keeping vehicles safe from the elements. Extra off-street parking is pretty rare in this part of Long Beach.
Investment Potential and Rental Upside
1621 1st Street Blvd in Long Beach stands out for its rental income possibilities and location. The property’s potential for rental upside and a steady tenant base adds to its investment appeal.
Long-Term Tenants and Income
The property includes multiple units, giving buyers a chance for steady rental income right away. Buildings like this often attract long-term tenants, which helps keep vacancy rates low and cash flow reliable.
Its spot near the beach and downtown makes it a favorite for renters who want a coastal lifestyle. Low turnover rates mean owners might spend less on marketing and prepping units between leases.
Investors can try value-add strategies, like modest upgrades, to boost rents over time. The local market supports gradual increases when units are improved or updated.
- Multiple rental units
- Consistent occupancy rates
- Room for rental growth with upgrades
Market Comparisons
Compared to other properties in Long Beach, 1621 1st Street Blvd holds a competitive spot for investors. The neighborhood has strong demand for rentals, and similar multi-family buildings have shown stable appreciation.
Recent sales data show average cap rates in the area that beat out many other real estate investments. Investors watching Long Beach apartments for sale will see a range of properties, but this location offers both income and room for higher rents.
The local rental market and nearby amenities support its value, making it an interesting choice for anyone hoping to grow their real estate portfolio.
Financial Information and Tax History
1621 1st Street Blvd in Long Beach is a multi-family property with notable investment potential. The financial profile includes its current listing price and details about property taxes and zoning.
Current Listing Price and Value
The property is currently listed for $2,300,000. It’s a multi-family building with 9 bedrooms and 6 bathrooms, totaling around 5,869 square feet.
This building was constructed in 1919, so it’s over 100 years old. Its value reflects both its size and its spot just a block from the beach in Long Beach’s 90802 zip code.
The price puts it in the higher range for multi-family homes in the area. Four separate units could be rented out for income.
Investors might view this as a stable long-term asset, given the ongoing demand for housing near the coast.
Tax History and Zoning
The tax history for 1621 1st Street Blvd is shaped by its age and multi-family zoning. The property has a record of current and historic tax assessments, but specific numbers from past years aren’t listed in available sources.
Its zoning allows multiple residential units, so it’s suitable for income property or redevelopment. Some older properties in Long Beach have lower assessed values due to Proposition 13 protections, which can mean below-market property taxes.
The land use is residential, and the parcel supports the existing housing density. Anyone considering a purchase should confirm the current tax bill with the Los Angeles County Assessor for the latest information.
Lifestyle and Community Advantages
1621 1st Street Blvd in Long Beach, CA, offers a prime spot near Alamitos Beach and downtown. Residents get easy access to both coastal living and city amenities, which makes the neighborhood appealing for all kinds of lifestyles.
Coastal Living Experience
Living at 1621 1st Street Blvd means you’re just one block from Alamitos Beach. The beach is known for its clean sand, walking and biking paths, and those classic Pacific Ocean views.
Residents often take advantage of water activities like swimming, paddleboarding, or jogging along the shoreline. The coastal area stays cooler in summer and catches those ocean breezes.
Dogs are welcome at nearby parks, and palm-lined streets make walks more enjoyable. Many apartments and homes have patios or balconies, so you can relax outside or host a small gathering.
Local beach cafes and casual restaurants are scattered throughout the neighborhood. Sunsets are visible from many parts of the area, and people living here often say the beach adds something special to their daily routine—whether it’s morning walks or winding down in the evening.
Downtown Amenities
The downtown Long Beach area sits less than a mile from the property. Residents can get to shopping centers, grocery stores, and plenty of restaurants pretty quickly.
You’ll also find coffee shops and art galleries within walking distance. Honestly, there’s a lot to explore just by taking a stroll around the block.
Getting around is simple, with several Metro Blue Line stations close by. That opens up easy travel to Los Angeles or other neighborhoods in Long Beach.
The downtown district has parks and a public library. Community events pop up throughout the year, so there’s always something happening.
Schools, medical offices, and fitness centers are scattered around the area. For entertainment, you’ve got theaters, live music venues, and the Long Beach Convention Center nearby.
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