Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    1221 1st Street, Long Beach, CA 90802
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    • MLS#: PW24227234 ( Apartment )
    • Street Address: 1221 1st Street
    • Viewed: 34
    • Price: $6,150,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 2023
    • Bldg sqft: 0
    • Days On Market: 146
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90802
    • Subdivision: Alamitos Beach (ab)
    • Provided by: Sage Real Estate Group, Inc.
    • Contact: Juan Juan
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      Fully stabilized, 16 unit, turnkey apartment building located in the highly desirable Alamitos Beach area. With over $950,000 invested, the property underwent a complete transformation down to the studs including new flooring, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. All units were fully gutted and remodeled using high end materials, with renovations led by an interior designer. Upgrades include recessed and custom lighting, brand new kitchens and bathrooms, stainless steel appliances, and in unit washers and dryers.
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    Features
    Association Fee
    1. 0.00
    Building Area Total
    1. 8120.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. No Common Walls
    Cooling
    1. None
    Country
    1. US
    Days On Market
    1. 77
    Electric Expense
    1. 1800.00
    Fuel Expense
    1. 0.00
    Garage Spaces
    1. 0.00
    Gardner Expense
    1. 1200.00
    Heating
    1. Wall Furnace
    Insurance Expense
    1. 7633.00
    Interior Features
    1. Copper Plumbing Full
    Laundry Features
    1. Inside
    Levels
    1. Two
    Lockboxtype
    1. None
    Lot Features
    1. 16-20 Units/Acre
    Netoperatingincome
    1. 305468.00
    Newtaxesexpense
    1. 76523.00
    Number Of Separate Electric Meters
    1. 16
    Number Of Separate Gas Meters
    1. 16
    Otherexpense
    1. 9600.00
    Otherexpensedescription
    1. Onsight
    Parcel Number
    1. 7265011021
    Pest Control Expense
    1. 700.00
    Pool Features
    1. None
    Postalcodeplus4
    1. 5708
    Professionalmanagementexpense
    1. 17150.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 426624551:CRM
    Subdivision Name Other
    1. Alamitos Beach (AB)
    Taxblock
    1. 63
    Totalactualrent
    1. 36835.00
    Totalexpenses
    1. 123292.00
    Trash Expense
    1. 1800.00
    View
    1. None
    Views
    1. 34
    Water Sewer Expense
    1. 1886.00
    Water Source
    1. Public
    Year Built
    1. 2023
    Year Built Source
    1. Seller
    Zoning
    1. LBR4R
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836