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1221 E 1st St
For Sale $6,150,000
$6,150,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 9,067 Sq Ft
Description
Fully stabilized, 16 unit, turnkey apartment building located in the highly desirable Alamitos Beach area. With over $950,000 invested, the property underwent a complete transformation down to the studs including new flooring, windows, interiors, exterior stucco, plumbing, electrical and mechanical systems, and more. All units were fully gutted and remodeled using high-end materials, with renovations led by an interior designer. Upgrades include recessed and custom lighting, brand-new kitchens and bathrooms, stainless steel appliances, and in-unit washers and dryers.
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Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $6,150,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 2023 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| HOA Fees: | $0 |
| Association Name: | Unknown |
| Association Amenities: | Unknown |
| APN # | 7265011021 |
| MLS # | PW24227234 |
| Property ID | 319908573 |
| Lot Sqft | 9,067 |
| Zoning | LBR4R |
| Total Units | 16 |
| Days on Market | 128 |
| Original List Price | $6,150,000 |
| Date Updated | January 20, 2025 |
| Date Created | November 06, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $36,835 | $0 |
| Net Income (Yr) | $ 305,468 |
| Cap Rate | 5% |
Listing Provided By
Juan Huizar an agent of Sage Real Estate Group, Inc.. Lic #01417642
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of January 20, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Robert Crawford
REAL ESTATE AGENT