Homes for sale - 1912 E 2nd ST, Long Beach, CA 90802

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Shane Young • Younglewin Advisors, Inc.

$4,745,000

Est. payment - /mo

8,274 Sqft Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25079041

Year Built 1923

Lot Size 8,274 Sqft

Source California Regional MLS

Property Description

Priced to sell at an attractive 11.27 GRM and a 5.72% cap rate in a prime location, this opportunity delivers immediate cash flow with a remarkable 26% NOI upside through a straightforward renovation plan. We are pleased to present 1912 E. 2nd Street, a well maintained 19-unit apartment building in the heart of Long Beach, California. Situated just steps from Bixby Park and the Pacific Ocean, the property resides in the thriving Alamitos Beach neighborhood, promising tenants a desirable coastal lifestyle. This location ensures effortless access to trendy dining, boutique shopping, and lively entertainment options along Broadway, Retro Row, and the booming Downtown Long Beach-driving strong tenant demand and rental growth potential. Built in 1923, 1912 E. 2nd Street showcases a charming two-story design with an eye-catching art deco facade, featuring 11 spacious studios, 6 one-bedroom/one-bath units, and 2 one-bedroom/one-and-one-half-bath units. The securely gated property offers an inviting inner courtyard and a rare two-car garage-a coveted feature that could command premium rental income. With RUBS (Ratio Utility Billing System) already implemented, operating costs are minimized, boosting your bottom line from day one. Take it further with the potential of a gara

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Laundry Laundry Area

Exterior

Parking Features Garage

Garage Spaces 2.0

Pool 31, None

Building

Water District - Public

Others

Tax ID 7265020010

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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1912 E 2nd ST Long Beach, CA 90802

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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