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Listed by Aaron Jacobson • Lyon Stahl Investment Real Estate, Inc.
$ 3,200,000
Est. payment /mo
New
3515 East 1st Street Long Beach, CA 90803
6,014 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 6,014 sqft
Price per Sqft $532
MLS Listing ID SB-25083005
Year Built 1939
Lot Size 0.298 Acres
Property Sub-Type Apartment
Property Description
Welcome to 3515 E 1st St, a rare and architecturally stunning Streamline Moderne 5-unit apartment building in the heart of Belmont Shore, just one block from the water. Spanning 6,014 SF on a 12,975 SF lot, this income-generating property offers a highly desirable unit mix: (1) 3-Bed/1-Bath, (2) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath. With three tenant ready units , this is an ideal opportunity for investors or owner-users looking to capitalize on prime rental upside in one of Long Beach's most sought-after neighborhoods. Beyond its existing footprint, the property offers significant development potential, allowing for up to five additional units atop the current structure--creating a 10-unit masterpiece in an unbeatable coastal location. Tenants will enjoy walkability to the beach, dining, shopping, and entertainment along 2nd Street, with easy access to major freeways and employment hubs. Listed at $3,200,000, this is a premier opportunity to own a trophy asset with value-add potential in a high-demand rental market. Don't miss out on this rare find.
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Zoning LBR4R
Interior
Laundry Inside
Exterior
Parking Features Gated
Garage Spaces 4.0
Pool None
Community Features Biking, Curbs, Suburban, Urban
Building
Lot Description 0-1 Unit/Acre
Sewer Public Sewer