Welcome to 3515 E 1st St, a rare and architecturally stunning Streamline Moderne 5-unit apartment building in the heart of Belmont Shore, just one block from the water. Spanning 6,014 SF on a 12,975 SF lot, this income-generating property offers a highly desirable unit mix: (1) 3-Bed/1-Bath, (2) 2-Bed/1.5-Bath, and (2) 1-Bed/1-Bath. With three tenant ready units , this is an ideal opportunity for investors or owner-users looking to capitalize on prime rental upside in one of Long Beach’s most sought-after neighborhoods. Beyond its existing footprint, the property offers significant development potential, allowing for up to five additional units atop the current structure—creating a 10-unit masterpiece in an unbeatable coastal location. Tenants will enjoy walkability to the beach, dining, shopping, and entertainment along 2nd Street, with easy access to major freeways and employment hubs.
Listed at $3,200,000, this is a premier opportunity to own a trophy asset with value-add potential in a high-demand rental market. Don’t miss out on this rare find.
Listed at $3,200,000, this is a premier opportunity to own a trophy asset with value-add potential in a high-demand rental market. Don’t miss out on this rare find.
Property Details
Price:
$3,200,000
MLS #:
SB25083005
Status:
Active
Baths:
0
Address:
3515 E 1st Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
2belmontheightsalamitosheights
City:
Long Beach
Listed Date:
Apr 14, 2025
State:
CA
ZIP:
90803
Lot Size:
12,975 sqft / 0.30 acres (approx)
Year Built:
1939
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Schools
Interior
Exterior
Community Features
Biking, Curbs, Suburban, Urban
Garage Spaces
4.00
Lot Features
0-1 Unit/ Acre
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address3515 E 1st Street Long Beach CA
- Area2 – Belmont Heights, Alamitos Heights
- CityLong Beach
- CountyLos Angeles
- Zip Code90803
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3515 E 1st Street
Long Beach, CA
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