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… Read More (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. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., Aaron Jacobson 310-729-1559
Listing Snapshot
Days Online
23
Last Updated
Property Type
Apartment
Lot Size
0.3 Acres
Year Built
1939
MLS Number
SB25083005
30 Days Snapshot Of 90803
$1.45M
+4%
(avg) sold price
14
-44%
homes sold
71
-17%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1939, Building area total: 6,014, 1 building, Common walls: NoCommonWalls
Community
Biking, Curbs, Suburban, Urban
Expenses
Operating expense: $66,548
Garage
4 spaces
Income
Gross income: $189,600, Net operating income: $113,573
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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