1836 E. 1st Street ,Long Beach, CA 90802

This exceptional 16-unit apartment building is situated in the desirable Bixby Park neighborhood of Long Beach, California, at 1836 E. 1st Street, zip code 90802. The property boasts a prime location, just two blocks from the beach and close to the vibrant coastal lifestyle. The 7,699 square foot building sits on a 0.17-acre lot and comprises a mix of unit types: eleven studios, two one-bedroom/one-bathroom units, and three two-bedroom/one-bathroom units. Many units have undergone recent renovations, featuring modern amenities such as in-unit washer/dryers. One studio unit is currently undergoing the permitting process to address a non-conforming issue. Significant building improvements have been completed, including the installation of brand new electrical and gas lines. The property also benefits from on-site laundry facilities, generating additional income. An attractive feature for potential buyers is the availability of assumable financing at a 3.59% interest rate, extending until April 1, 2027. This presents a compelling investment opportunity in a highly sought-after coastal location. The property is offered at $4,150,000.