102 Bonito Avenue, Long Beach, California 90802, Long Beach, 90802 - bed, bath

102 Bonito Avenue, Long Beach, California 90802 home-pic-0
ACTIVE$2,650,000
102 Bonito Avenue, Long Beach, California 90802
0Bed
0Bath
3,360Sqft
2,524Lot
Year Built
1929
Close
-
List price
$2.65M
Original List price
$2.65M
Price/Sqft
$789
HOA
-
Days on market
-
Sold On
-
MLS number
SB25193195
Home ConditionExcellent
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $2.65M(91th), sqft - 3360(50th), beds - undefined(50th), baths - undefined(50th).

Welcome to Esser House! This stunning Spanish Colonial Revival property is truly irreplaceable. Meticulously restored to its original design and beauty, 102 Bonito Ave/ 1001 E 1st St. was built by William Esser the famous 18th century Long Beach Builder. The owners have not merely restored it, but meticulously revived every intricate detail to mirror the craftsmanship and soul of its original design. From each carefully chosen material to every delicate feature, it stands as a tribute to its historic beauty, inviting us to step back into the grace of its first creation. The beauty of this building will bring you back to a bring and so will the property taxes. Through it's redesign it has received a historic Mills Act Designation which drops the property taxes down to $5000 annually. Each unit showcases elegant architectural details, including beautiful hardwood floors, classic fixtures, built-in mantles, arches, wrought iron, and tile accents. The owner’s unit boasts 2 large bedrooms and 2 bathrooms, one with a Jacuzzi steam spa, along with a private balcony. The second unit is a generous 3-bedroom, 2-bath apartment with a private patio. All units offer eat-in kitchens, separate dining and living rooms, and in-unit laundry facilities. The property provides ample parking with 3 garages and 3 additional spaces on the apron, along with garage storage. There is also a separate bonus space that could serve as an office or additional storage. The location is an easy walk to Downtown Long Beach, with its restaurants, shops, and the beach. The Esser House is a Long Beach Historic Landmark and is protected under the Mills Act, offering substantial tax savings. It represents a rare opportunity to own a piece of Long Beach history. OM in supplements.

Price History

Date
Event
Price
08/27/25
Listing
$2,650,000
Condition Rating
Excellent

Despite being built in 1929, the property has been 'meticulously restored' and 'revived' to its original beauty, as stated in the description. The images confirm this with virtually new and modern components throughout. The kitchen features contemporary white shaker cabinets, stainless steel appliances, and modern wood-look tile flooring. Bathrooms are updated with modern vanities, fixtures, and clean tile work, including a Jacuzzi steam spa. Hardwood floors are in excellent condition, and there is no visible deferred maintenance, indicating a very recent and high-quality renovation that meets current standards.
Pros & Cons

Pros

Historic Mills Act Designation & Tax Savings: The property benefits from a historic Mills Act Designation, significantly reducing annual property taxes to approximately $5000, offering substantial long-term financial savings.
Meticulously Restored Spanish Colonial Revival Architecture: The Esser House has been meticulously restored to its original 1929 design and beauty, showcasing irreplaceable architectural details, quality materials like hardwood, wrought iron, and tile, and preserving its unique historic charm.
Prime Walkable Location: Situated within easy walking distance to Downtown Long Beach, residents have convenient access to a vibrant array of restaurants, shops, and the beach, enhancing lifestyle and rental appeal.
Residential Income Potential & Desirable Unit Features: As a triplex, the property offers significant income potential. Each unit boasts desirable features including eat-in kitchens, separate dining and living rooms, and in-unit laundry facilities, with the owner's unit featuring a Jacuzzi steam spa and private balcony.
Ample Parking & Flexible Bonus Space: The property provides generous parking with 3 garages and 3 additional apron spaces, a rare and valuable asset in an urban setting, complemented by a separate bonus space suitable for an office or extra storage.

Cons

Historic Landmark Restrictions: While offering tax benefits, the historic landmark status and Mills Act designation likely impose strict limitations and approval processes for future exterior modifications and potentially interior renovations, limiting owner flexibility.
Potential for Higher Maintenance Costs (Age): Despite meticulous restoration, a 1929-built property may still incur higher ongoing maintenance costs for specialized repairs and upkeep of historic elements compared to newer construction.
Limited Private Outdoor Space: With a lot size of 2524 sqft for a 3360 sqft triplex, private outdoor space beyond the specified balcony and patio may be limited, which could be a consideration for occupants seeking more expansive personal outdoor areas.

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