$1,900,000
1621 E 1st Street, Long Beach CA 90802
Multi-Family (Fourplex)
Property type
60 days
On market
$324
Price per sqft
4 cars
Garage
1919
Year built
7,553 sqft
Lot size
Home highlights
Open Houses
Overview
Well-maintained 4-unit property located on a desirable tree-lined street in close proximity to the beach and Downtown Long Beach. The property features a functional unit mix with each unit offering private laundry. This property also includes gated parking and garage space for added convenience. The property has been thoughtfully improved, including termite work completed...
Listing provided by: SAMANTHA SALDANA DRE #02177787 562-386-1487, CENTURY 21 REALTY MASTERS
Listing updated: Jun 4, 2026 at 08:24pm.
Last checked: Jun 4, 2026 at 09:00pm
Source: CRMLS #MB26061432
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 3 | 2 | 1 | $2,187 | — | $4,200 | — |
| 1 | 2 | 2 | 1 | $2,700 | — | $3,000 | — |
| 1 | 2 | 1 | 1 | $1,836 | — | $2,900 | — |
| 1 | 2 | 1 | 1 | $2,106 | — | $2,900 | — |
# of Buildings: 2
# of Units Total: 4
Separate Electric Meters: 4
Separate Gas Meters: 4
Separate Water Meters: 1
Ranges: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Total Actual Rent: $105,984
Tenant Pays: Electricity, Gas, Trash Collection
Financial Snapshot
Gross Rent Multiplier
17.9x
List Price / Annual Gross Rent
Cap Rate
4.74%
NOI / List Price
Gross Scheduled Income: $105,984
Operating Expense: $16,000
Net Operating Income: $89,984
Annual Operating Expenses
Insurance: $6,000
Pest Control: $6,000
Trash: $0
Water / Sewer: $1,680
Interior
Interior Features: Crown Molding, High Ceilings, Quartz Counters
Room Type: Family Room, Kitchen, Laundry, Other
Flooring: Bamboo, Concrete, Tile, Wood
Cooling: Wall Window Units
Appliances: Electric Range, Gas Range, Refrigerator, Water Heater
Laundry: Inside
Accessibility: Parking
Entry Location: Front And Front Upstairs
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Foundation: Raised
Window Features: Double Pane Windows
Construction Materials: Stucco
Property Condition: Additions Alterations, Updated Remodeled
Common Walls: Two Common Walls Or More
Lot Features: Two To Five Units Acre
Pool: None
Spa: None
Fencing: Wrought Iron
Sewer: Public Sewer
Utilities: Water Connected
View: Neighborhood
Road Frontage Type: Alley, City Street
Road Surface Type: Paved
Garage and Parking
Parking: Concrete, On Site, Other, Garage Faces Rear, One Space, On Street
Garage Spaces: 4
Uncovered Spaces: 6
Carport Spaces: 0
Parking Total: 10
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7265013011
Tax Lot: 1012
Zoning: LBR4R
Tax Block: 65
Subdivision: Alamitos Beach (AB)
Community
HOA: No
HOA Fee: $0
Senior Community: No
Community Features: Biking, Curbs, Dog Park, Park, Street Lights, Sidewalks, Water Sports
Nearby Schools
Nearby schools around the 1621 E 1st Street, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,520,000
Total Interest
$1,938,676
Total Payment
$3,458,676
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$11,737
per month
Property History for 1621 E 1st Street
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
Similar Homes
Listings with similar prices to 1621 E 1st Street