3348 E 1St St, Long Beach, CA 90803
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3348 E 1St St Long Beach, CA 90803

$3,025,000 Sold Price as of 09/07/2022
  • 9 Beds
  • 9.75 Baths
  • 6,293 Sq.Ft.
Sold
$3,025,000 Sold Price as of 09/07/2022 Refinance Your Mortgage

Map preview of 3348 E 1St St, Long Beach, CA 90803

Property Overview: 3348 E 1St St Long Beach, CA has 9 bedrooms, 9.75 bathrooms, 6,293 living square feet and 9,612 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Gorgeous pride of ownership classic Spanish duplex with TWO OWNERS' UNITS (each the size of a house) + 5 additional units just ONE BLOCK from the BEACH! This is a very special property -- rarely does something like this come available in the highly desirable Bluff Park historical district. It is perfect for someone who wants to OWNER OCCUPY or a SAVVY INVESTOR looking to add a prime property to their portfolio. The lovely duplex looks out to 1st St, one of the nicest streets in Long Beach. Each side looks and feels like a separate house. Unit 3350 is around 2,600 sf and has three bedrooms and three bathrooms, including an ensuite in the primary bedroom. Unit 3348 is over 2,000 sf and has three bedrooms and two bathrooms. Both have large bonus rooms that could be another bedroom/office/gym, highly desirable floor plans, huge rooms (really huge), fully remodeled kitchens, formal dining rooms, balconies, original hardwood floors, cool architectural details and abundant character and charm throughout. The property has an extra-large lot and the curb appeal is fantastic! Lush landscaping and a long driveway lead to a two-car garage. Above the garage is an adorable one-bedroom unit with no shared walls. In the back is a triplex with two nice sized one-bedroom units and an alcove studio/one bedroom. There is even an ocean view through the trees from one of the units. Each has hardwood floors, lots of charm and a great layout. Lastly is the “office”, an attached unit which has been transformed into an efficiency studio. Rent it or use it for your office. It would even make a perfect Airbnb! Between the buildings is a serene courtyard and throughout the property are beautiful flowers, trees and greenery which provide a park like setting and lots of privacy. Completing the property are more garages (a two car and one car), individual storage units and a laundry room. This highly desirable location is not only close to the ocean, it’s also a block away from the eclectic and fun “Broadway Corridor” shops, galleries and restaurants. Historic Bluff Park is known for its beautiful extra wide tree lined streets and diverse turn of the century architecture that Long Beach is famous for. If you love history, cool architecture, being close to restaurants, shopping, and the beach, then you will love this property! Leave your car parked and enjoy and the best of SoCal. This is a great investment and the location can’t be beat!

Listed by Lorri Quiett | BRE #01371114 | Vylla Home, Inc.
Last checked: 1 minute ago | Last updated: September 9th, 2022 | Source CRMLS | DOM: 22

Home details

Lot Sq. Ft
9,612
HOA Dues
$0/mo
Year built
1928
Garage
5 Car
Property Type:
Mixed Use
Status
Sold
MLS#
PW22142124
City
Long Beach
County
Los Angeles
Time on Site
689 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 3
  • # of Leased Units: 7
  • # of Electric Meters: 7
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $900
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 3
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,400
  • Total Rent: $3,400
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 2
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $3,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,160
  • Total Rent: $1,160
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,395
  • Total Rent: $1,395
  • Pro Forma/Market Rent: $1,900
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $138,680
  • Net Operating Income: $119,813
  • Gross Operating Income: $138,680
  • Laundry Income: $1,500
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $18,867
  • Electric: $2,904
  • Gas/Fuel: $0
  • Licenses: $266
  • Trash: $0
  • Gardener: $2,640
  • Insurance: $4,457
  • Professional Management: $5,580
  • Water/Sewer: $1,692
  • Other Expenses: $960
  • Other Expense Description: gas

Virtual Tour

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Property Details for 3348 E 1St St

Interior Features
Cooling Information
  • None, Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Floor Furnace, Wall Furnace
Laundry Information
  • Has Laundry
  • Common Area, Community, Dryer Included, Individual Room, Washer Included
Fireplace Information
  • Has Fireplace
  • Living Room
Room Information
  • Flooring: Stone, Wood
  • Great Room, Kitchen, Laundry, Living Room, Office, Walk-In Closet
Interior Features
  • Balcony, Built-in Features, Ceiling Fan(s), Crown Molding, Granite Counters
Exterior Features
Exterior Information
  • Roof: Composition, Shingle, Spanish Tile
  • Lighting, Rain Gutters
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 9
  • Parking Features: Assigned, Driveway, Garage, Garage Faces Front, Garage Faces Rear, Street
Lot Information
  • Lot Features: Back Yard, Front Yard, Garden, Landscaped, Lawn, Park Nearby, Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Has View
  • View: Neighborhood, Ocean
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 7264014008
  • Year Built Source: Assessor
  • Architectural Style: Spanish
  • Foundation Details: Raised
  • Property is Attached
  • Property Condition: Turnkey, Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Natural Gas Connected, Sewer Connected, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Bluff Park (BLF)
  • Directions: From Ocean Ave, go N on Redondo, W on 1st st
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Curbs, Sidewalks, Street Lights
View more facts & features

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Sale History for 3348 E 1St St

Last sold for $3,025,000 on September 7th, 2022
  • September, 2022

  • Sep 7, 2022

    Date

    Sold

    CRMLS: PW22142124

    $3,025,000

    Price

  • Jun 29, 2022

    Date

    Active

    CRMLS: PW22142124

    $3,400,000

    Price

  • September, 2003

  • Sep 19, 2003

    Date

    Sold (Public Records)

    Public Records

    $1,750,000

    Price

  • June, 1998

  • Jun 8, 1998

    Date

    Sold (Public Records)

    Public Records

    $650,000

    Price

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Tax History for 3348 E 1St St

Assessed Value (2020): $2,275,078
Year Land Value Improved Value Assessed Value
2020 $1,820,067 $455,011 $2,275,078

Home Value Compared to the Market

This property vs the competition

3348 E 1St St sold on September 7, 2022 for 325% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $540.28 per/sqft which puts the price per square foot 14.51% lower than the current median sale per square foot for the city of Long Beach.

About 3348 E 1St St

Detailed summary of property

3348 E 1St St is a mixed use that recently sold in Long Beach, CA 90803. This mixed use property offered 9 bedrooms, 9.75 bathrooms, roughly 6,293 living square feet, and sits on an approximately 9,612 square foot lot. 3348 E 1St St was first listed on ArdentRealEstateGroup.com on June 29, 2022. The homeowner sold the property for $3,025,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 325% higher than the current median priced home. Local homes that are currently for sale include 1756 Pacific Ave, 1151 Daisy Ave and 11901 S San Pedro St. While the average home in Long Beach, CA is selling in 51 days, 3348 E 1St St has a days on market of 22 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 3348 E 1St St Long Beach, CA 90803 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3348 E 1St St

Public county record property details
Beds
8
Baths
8
Year built
1928
Sq. Ft.
6,293
Lot Size
9,611
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
7264-014-008

The source for these homes facts are from public records.

90803 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,589,000
Median List Price/Sq.Ft.
$858
Median Sold Price
$1,600,000
Median Sold Price/Sq.Ft.
$672
Total Inventory
114
Median Sale to List Price %
100%
Avg Days on Market
57
Loan Type
Conventional (50%), FHA (0%), VA (0%), Cash (43.75%), Other (6.25%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.