Sold for $2,300,000

Listed by: Compass • Loree Scarborough • Contact: 562-494-4600

Bought with: Sage Real Estate Group, Inc.

Tax assessed value

$2,300,000

2524 E 1st St, Long Beach, CA 90803

8beds

7baths

4,863sqft

Mixed Use

Built in 1940

-- sqft lot

$-- Zestimate^®

$473/sqft

$4,612 Estimated rent

Home value

Not available

Estimated sales range

Not available

$4,612/mo

Zestimate^® history

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What's special

Welcome to this beautifully designed multi-family property located in the highly sought-after historic Bluff Park neighborhood, just a block from the beach and ocean. Family owned for 70 years and first time ever on the market, this impressive 5-unit property offers a total of 8 bedrooms and 7 baths, spanning 4,863 square feet. The front building consists of two spacious 3-bedroom, 2-bath units that live like single-family homes. The back building consists of two charming 1-bedroom, 1-bath units located above the 5-car garages. A 5th downstairs single unit with a 3/4 bath has a side entrance. Well maintained throughout the years, all but 1 unit has been occupied by the family, with hardwood flooring in all the units, fireplaces and AC in the two front 3-bedroom units. A fantastic opportunity for investors or those seeking a multi-family compound with potential rental income. With its prime location, unique architectural elements, and exceptional features, this property is a must-see!

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 8
Bathrooms: 7

Heating

Central, Wall Furnace

Cooling

Central Air

Appliances

Laundry: Laundry Room

Features

Ceiling Fan(s), Ceramic Counters, Tile Counters
Flooring: Carpet, Tile, Wood
Doors: French Doors
Windows: Bay Window(s), Screens, Wood Frames
Has fireplace: Yes
Fireplace features: Living Room
Common walls with other units/homes: No Common Walls

Interior area

Total structure area: 4,863
Total interior livable area: 4,863 sqft

Property

Parking

Total spaces: 7
Parking features: Garage, Garage Faces Rear, One Space
Garage spaces: 5
Uncovered spaces: 2

Features

Entry location: 1
Pool features: None
Spa features: None
Has view: Yes
View description: Neighborhood

Lot

Size: 9,631 Square Feet
Features: 0-1 Unit/Acre, Back Yard, Front Yard, Garden, Landscaped, Near Park, Sprinkler System, Walkstreet, Yard

Details

Parcel number: 7264023005
Zoning: LBR2L
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Architectural style: Traditional
Property subtype: Mixed Use

Materials

Stucco

Condition

New construction: No
Year built: 1940

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Biking, Curbs, Dog Park, Rural, Storm Drain(s), Street Lights, Water Sports, Park
Subdivision: Bluff Park (Blf)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $473/sqft
Tax assessed value: $2,300,000
Annual tax amount: $30,423
Date on market: 6/8/2024
Cumulative days on market: 5 days
Listing terms: Cash to New Loan
Total actual rent: 1500
Road surface type: Alley Paved

Price history

Date	Event	Price
1/17/2025	Listing removed	$4,275$1/sqft
Source: Zillow Rentals Report a problem
1/13/2025	Listed for rent	$4,275$1/sqft
Source: Zillow Rentals Report a problem
12/31/2024	Listing removed	$4,275$1/sqft
Source: Zillow Rentals Report a problem
12/20/2024	Listed for rent	$4,275$1/sqft
Source: Zillow Rentals Report a problem
12/3/2024	Listing removed	$4,275$1/sqft
Source: Zillow Rentals Report a problem
11/29/2024	Price change	$4,275-4.9%$1/sqft
Source: Zillow Rentals Report a problem
11/21/2024	Listed for rent	$4,495$1/sqft
Source: Zillow Rentals Report a problem
11/6/2024	Listing removed	$4,495$1/sqft
Source: Zillow Rentals Report a problem
10/31/2024	Price change	$4,495-9.2%$1/sqft
Source: Zillow Rentals Report a problem
10/8/2024	Listed for rent	$4,950$1/sqft
Source: Zillow Rentals Report a problem
10/5/2024	Listing removed	$4,950$1/sqft
Source: CRMLS #PW24188184 Report a problem
10/2/2024	Listed for rent	$4,950$1/sqft
Source: CRMLS #PW24188184 Report a problem
9/17/2024	Listing removed	$4,950$1/sqft
Source: Zillow Rentals Report a problem
9/6/2024	Price change	$4,950-9.9%$1/sqft
Source: Zillow Rentals Report a problem
9/3/2024	Price change	$5,495-7.6%$1/sqft
Source: Zillow Rentals Report a problem
8/29/2024	Listed for rent	$5,950$1/sqft
Source: Zillow Rentals Report a problem
7/8/2024	Sold	$2,300,000$473/sqft
Source: CRMLS #PW24112193 Report a problem

Public tax history

Year	Property taxes	Tax assessment
2025	$30,423 +847%	$2,300,000 +1229.4%
2024	$3,212 +2%	$173,009 +2%
2023	$3,150 +5.4%	$169,622 +2%
2022	$2,989 +3.4%	$166,301 +2%
2021	$2,889 +0.4%	$163,046 +1%
2020	$2,879	$161,378 +2%
2019	$2,879 +6.9%	$158,219 +2%
2018	$2,694	$155,122 +2.2%
2017	$2,694 +1.1%	$151,846 +2%
2016	$2,664 +8.4%	$148,869 +1.5%
2015	$2,458 +2.6%	$146,633 +2%
2014	$2,394	$143,761 +4.5%
2011	--	$137,555 +0.8%
2010	--	$136,528 -0.2%
2009	--	$136,853 +2%
2008	--	$134,170 +2%
2007	--	$131,540 +2%
2006	--	$128,962
2005	--	$128,962 +4%
2004	--	$123,956 +1.9%
2003	--	$121,685 +2%
2002	--	$119,300 +4%
2000	--	$114,668