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$1,400,000

  • Sold
  • Closed
  • Multi-Family
  • Updated 8 days ago
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Investors pride of ownership. This stylish 3 unit complex is located minutes from the beach and beautiful downtown Long Beach. All units have been remodeled and features a welcoming, private entrance leading to the units. Upper unit is a 2 bedroom, 1 bath with a spacious living room layout with laundry hook-ups and 2 balcony's to enjoy the view on a nice day. The other two units are a charming and cozy 1 bedroom with 1 bath located on the lower level with nice space between them and no common walls for privacy. Perfect for a tenant or smaller family. There is also a 4th vacant unit that was converted from a storage room to a studio apt with a balcony. Not permitted but the structure was there and then remodeled into a studio. Complex comes with a laundry room for lower units to enjoy without having to leave the premises while also providing additional income to the investor. This is a unique investment opportunity for anyone looking to grow their portfolio. Come and take a look at this outstanding opportunity to own in the heart of Long Beach and in one of the areas most desirable locations.

Full Property Details for 1500 E 1st St

General

  • Sold For: $1,400,000
  • Status: Closed
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: RS25187509
  • Added to Site: 140 day(s) ago

Interior

  • Rooms/Areas: Family Room, Kitchen, Laundry, Living Room
  • Interior Features: Balcony
  • Fireplace(s): None
  • Appliances: Water Heater
  • Flooring: Laminate, Tile, Vinyl

Rooms

Other Rooms

  • Laundry: Common Area, Inside, Washer Hookup

Additional Information

  • Pool Description: None
  • Spa Description: None

Parking

  • Parking Features: None
  • Parking: None

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: 1st and falcon Ave
  • Direction Faces: South

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Floor Furnace, Wall Furnace

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 1
  • # Electric Meters: 1

Structural Information

  • Foundation: Raised
  • Roof: Shingle
  • Windows: Atrium
  • Doors: Atrium Doors
  • Entry Location: Front Door
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 1
  • Year Built: 1906

Unit Information

Unit 1

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 2

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 2
  • Bedrooms: 2

Additional Structures

  • Other Structures: Shed(s), Storage

Lot Features

  • Property View: City Lights
  • Lot Size (Acres): 0.1153
  • Lot Size Source: Assessor
  • Zoning: LBR4R
  • Lot Description: 2-5 Units/Acre, Corner Lot, Garden, Near Public Transit, Paved

Green Features

  • Walk Score: 88

Financial Considerations

  • Price Per Unit: 550017

Listed by MagiCal Properties, Inc., Maggie Monge and MagiCal Properties, Inc., Robert Sanchez
Sold by Real Broker, Kelly Corsino

Listing agents

— 1500 E 1st St —

  • Maggie Monge

    MagiCal Properties, Inc.

  • Robert Sanchez

    MagiCal Properties, Inc.

mmags024@gmail.com

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 1500 E 1st St

School District:Long Beach Unified School District
NameGradesDistance
Burbank Elementary School, Long Beach, CA
501 Junipero Avenue, Long Beach, CA 90814
K-50.7 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.6 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-121.5 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 1500 E 1st St

Date
Details
Price
Change
Source
1/02/2026
Sold
$1,400,000
-15.15%
MLS
9/21/2025
Price Reduced
$1,650,050
-4.95%
MLS
9/02/2025
Listed
$1,736,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by MagiCal Properties, Inc., Maggie Monge and MagiCal Properties, Inc., Robert Sanchez
Sold by Real Broker, Kelly Corsino

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1500 E 1st Street, Long Beach, CA 90802 (MLS# RS25187509) is a Multi-Family property that was sold at $1,400,000 on January 02, 2026. Want to learn more about 1500 E 1st Street? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.