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    1001 E 1st Street

    Long Beach, CA 90802
    • $1,850,000
    • STATUS: ACTIVE
    • ON SITE: 166 days
    • ID#: 302620537
    $1,850,000
    • 5
      BEDS
    • 0.06
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1929
    County:

    School Ratings & Info

    Description

    We are privileged to present The 'Esser House. This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living ro We are privileged to present The 'Esser House. This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Although both units have been beautifully renovated, the current owner took great pride in retaining the history and architectural appeal to this phenomenal asset. Historical Spanish Colonial Revival style buildings of this caliber rarely find their way to the market and when they do, they receive an incredible amount of attention. Acquiring an asset in this location, with this level of architectural design, sophistication and history is extremely rare. Sincerely, The "Esser House" is a Pride of Ownership asset and a magnificent piece to add to your portfolio! Looking forward to hearing from you.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.callstein.com/homes/108614048
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    1001 E 1st Street Long Beach, CA 90802

    • Price: $1,850,000
    • Status: ACTIVE
    • ID#: 302620537
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.06
    Acres
    1929
    Built
    Neighborhood:
    Long Beach (90802)
    County:
    Los Angeles
    Area:
    Long Beach (90802)
    Property Description
    We are privileged to present The 'Esser House. This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living ro We are privileged to present The 'Esser House. This exquisite building is a fine example of Spanish Colonial Revival architecture. Perfectly situated on the corner of 1st and Bonito just one block from the Ocean. This incredible "turnkey" impeccably upgraded, investment property encompasses every component of class and sophistication! Unit #1 Is comprised of three large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Unit #2 is comprised of 2 large bedrooms, 2 bathrooms, large living room, kitchen and dining room. Although both units have been beautifully renovated, the current owner took great pride in retaining the history and architectural appeal to this phenomenal asset. Historical Spanish Colonial Revival style buildings of this caliber rarely find their way to the market and when they do, they receive an incredible amount of attention. Acquiring an asset in this location, with this level of architectural design, sophistication and history is extremely rare. Sincerely, The "Esser House" is a Pride of Ownership asset and a magnificent piece to add to your portfolio! Looking forward to hearing from you.
    Exterior Features

    Lot Dimensions Approx 50 X 51 Pool N/K Roof Tile/Clay Site Corner LotCurbsSidewalks

    Interior Features

    Cooling N/K Stories 2 Story Total Baths Unit1 2 Total Baths Unit2 2 Water Heater Type Gas

    Property Features

    Actual Cap Rate 3.9 Annual Expense Actual 28430 Buildings 1 Gross Rent Multiplier Actual 18.0 Gross Scheduled Income Actual 102600 Home Owners Fees 0.0 Terms Conventional Unit Number For Unit1 1 Unit Number For Unit2 2 Unit1 Rent Actual 3550.0 Unit2 Rent Actual 3500.0 Zoning Assessor

    Listing provided courtesy of Kinnery's Brokerage House. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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