Address
1317 E 1st, Long Beach, CA
Price
$ 2,100,000
Property Attributes
- MLS#PW26186315
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodAlamitos Beach (AB)
- Zip90802
- Style
- Year Built1902
- Price$ 2,100,000
- Bedrooms0
- Full Bathrooms2
- Half Bathrooms0
- Sqr Footage2367
- Lot Size0.1897 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description
1317 E. 1st Street presents a rare opportunity to acquire a fully renovated triplex in the heart of Alamitos Beach with a unique combination of residential quality, strong in-place income, exceptional parking and owner-occupancy potential. The property has undergone an extensive renovation program totaling ~$375,000, including the complete rebuild of all three residential units. The improvements have created modern, highly competitive residences while substantially reducing the deferred maintenance and near-term capital expenditure. Situated on an 8,263-square-foot lot, the property consists of three separate residences totaling 2,367 square feet: (1) spacious 1,300-square-foot 3BD/2BA main residence; (1) 650-square-foot 1BD/1BA unit; and (1) 417-square-foot studio. A significant competitive advantage is the property's eight off-street parking spaces, including five alley-access garages and three driveway spaces—an exceptional amenity in highly parking-impacted Alamitos Beach. In addition to enhancing tenant appeal and marketability, the five garages provide a meaningful ancillary income stream with additional upside potential. The combination of extensive parking and garage income differentiates the property from competing coastal rental properties while providing an additional source of revenue beyond residential rents. The property's full-sized 3BD/2BA main residence creates a compelling opportunity for an owner-occupant seeking the lifestyle and privacy of a traditional home while benefiting from supplemental rental income. Thoughtfully remodeled with owner occupancy in mind, the front residence offers 1,300 square feet of living space, generous common areas, and ample parking. A separate basement provides valuable additional storage. Meanwhile, the two additional residences and five private garages provide multiple income streams that can help offset mortgage and operating costs. This combination of residential comfort, privacy, parking and income potential is particularly difficult to replicate in a prime coastal neighborhood. Located in the heart of Alamitos Beach, the property benefits from immediate access to the beach and bike paths, Downtown Long Beach, and an extensive collection of neighborhood dining, retail and entertainment amenities. With a 94 Walk Score, the neighborhood offers the highly walkable, beach-oriented lifestyle that continues to drive renter demand and premium rents.
| Price History | |
|---|---|
| 8/26/2026 | Listed $2,100,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Central |
| Garage Spaces | 5 |
| Pool Features | None |
| Year Built | 1902 |
| Property Subtype | Triplex |
| Gross Income | 132929 |
| Community Features | Sidewalks |
| County | Los Angeles |
| Net Operating Income | 87300 |
| Operating Expense | 45628 |
| Insurance Expense | 3022 |
| New Construction | false |
| Property Type | Residential Income |
| MaintenanceExpense | 1500 |
| Subdivision Name | Alamitos Beach (AB) |
| Garage Y/N | true |
| Special Listing Conditions | Standard |
| Status | Active |
| Directions | Off Cherry Ave |
| City | Long Beach |
| Entry Location | 1 |
| Senior Community Y/N | false |
| Open Parking Spaces | 3 |
| Number Of Units Total | 3 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 8263 |
| Listing Terms | Cash,Cash to New Loan,1031 Exchange |
| Property Attached Y/N | false |
| Land Lease Y/N | false |
| Electric Expense | 900 |
| Fuel Expense | 900 |
| Trash Expense | 900 |
| Water Sewer Expense | 900 |
| Additional Parcels Y/N | false |
| Rent Control Y/N | true |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Year Built Source | Assessor |
| Tax Lot | 17 |
| Property Sub Type Additional | Triplex |
| Taxes | 28670 |
| Cap Rate | 4.16 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 1 |
|---|---|
| Common Walls | No Common Walls |
| Heating Y/N | true |
| Laundry Features | Common Area,Inside |
| Entry Level | 1 |
Exterior Features
| Lot Features | 2-5 Units/Acre |
|---|---|
| Water Source | Public |
| Total Parking | 8 |
| Lot Size Area | 8263 |
| Number of Buildings | 3 |
| Building Area Total | 2367 |
| Lot Size Acres | 0.1897 |
| Private Pool | false |
| Lot Size Source | Assessor |
| Number of Separate Water Meters | 1 |
| Number of Separate Gas Meters | 3 |
| Number of Separate Electric Meters | 3 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90802
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 17, 2026 3:56 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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