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$6,850,000

Beds
Unknown
sq ft
Unknown

1237 E 1st St, Long Beach, CA 90802

1237 E 1st St

Long Beach, CA 90802

  • 46 days on market
This property is an 18-unit, fully stabilized, and turnkey apartment complex located in the sought-after Alamitos Beach area. The property has seen an investment of over $1,165,000 and has undergone a complete renovation, down to the studs. The entire building was rebuilt, including new floors, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. Each unit was completely remodeled with high-end finishes. The renovations led by an interior designer, include features such as recessed and custom lighting, brand-new kitchens and bathrooms, stainless steel appliances, and in-unit washers and dryers.

Details

Property type

Apartment

Lot size

8,242 sq ft

Price per sq ft

Unknown

Year built

2023

HOA

No

Price History

11/06/2024
CRMLS

CRMLS #PW24227280

Listed
$6,850,000
07/19/2024
CRMLS

CRMLS #PW24055916

Removed
$6,850,000
06/27/2024
CRMLS

CRMLS #PW24055916

Price change
$6,850,000
-3.52%

Schools & Community

Neighborhood: 

Alamitos Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Curbs, Sidewalks

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Spreo Capital Partners Inc

Loan start date

February 2022

Original loan amount

$4,147,000

Est. remaining balance

Not provided

Interest rate

3.11%

Loan type

Commercial, 2 year

Seller

Uip Pike Llc and Urbaneer Rose Park Investors Llc

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 12/22/2024 at 2:55 AM

Listing updated: 12/05/2024 at 3:12 AM

Listed by: Juan Huizar, Sage Real Estate Phone #: (562) 400-7622

MLS: CRMLS #PW24227280

CRMLS logo

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