833 East 1st Street

Incorporated in 1897, Long Beach has a population of just over 450,000, making it the 44th most populous city in the United States, and the 3rd largest in Southern California, behind only Los Angeles and San Diego. The Port of Long Beach is the second busiest container port in the U.S., and amongst the largest shipping ports in the world. Long Beach is situated in the southeastern corner of Los Angeles County, and borders Orange County. The city offers numerous waterfront attractions, including the Aquarium of the Pacific, the permanently-docked RMS Queen Mary, and IndyCar's Long Beach Grand Prix. Alamitos Beach is a coastal neighborhood in the southern portion of the city that is comprised primarily of residential properties. There is a public beach within short walking distance as well as access to the Shoreline Pedestrian Bike Path, which stretches from Shoreline Village in Downtown to Belmont Shore. 833 E. 1st St. offers an ideal location, between the sandy beach, Downtown's Pine Avenue, and Retro Row, a revitalized stretch of 4th St. that includes vibrant shopping, dining, and entertainment destinations.Morgan Skenderian, Inc. is pleased to present 833 E. 1st Street, a 10*-unit apartment investment opportunity located in the sought-after Long Beach neighborhood of Alamitos Beach. Offered for sale for the first time in decades, the property is ideally located just a short walk from the beach, and mere minutes from both Downtown and Retro Row. It is comprised of (8) 1-bedroom/1-bathroom single story units in the front building, plus a huge 3-bedroom/2-bathroom in the back, above the studio and garages. 833 E. 1st St. offers substantial upside potential by updating the units and bringing rents closer to market levels. *The studio unit is non-conforming.