1912 E 2nd Street, Long Beach, CA 90802

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Kobe Zimmerman

Berkshire Hathaway Home Services California Properties

kobezimmerman@bhhscal.com +1(858) 753-3353

$4,550,000

Est. payment - /mo

2 Beds

4 Baths

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active Under Contract

Purchase Type For Sale

Subdivision Alamitos Beach (Ab)

MLS Listing ID PW25079041

Bedrooms 2

Property Sub-Type Res Income 2-4 Units

Property Description

Priced to sell at an 10.81 GRM and a 6.06% Cap Rate in the most coveted pocket of Alamitos Beach! Pro forma 9.09 GRM and 7.65% Cap Rate! This opportunity delivers immediate cash flow with 26% upside in NOI. 1912 E. 2nd Street is a well maintained 19-unit apartment building steps from Bixby Park and the Pacific Ocean. This location ensures effortless access to trendy dining, boutique shopping, and lively entertainment options along Broadway, Retro Row, and the booming Downtown Long Beachdriving strong tenant demand and rental growth. The property showcases 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 townhome units. The securely gated property offers an inviting inner courtyard and a rare two-car garagea coveted feature that could command premium rental income, or can be converted to an ADU for additional income. With RUBS (Ratio Utility Billing System) already implemented, operating costs are minimized, immediately boosting your net income. Combining a prime location with strong fundamentals, this is a rare chance for a savvy investor to enhance value, and secure significant long-term appreciation in one of Southern Californias most sought after markets.

Location

State CA

County Los Angeles

Zoning Assessor

Direction Off 2nd Between Broadway and Ocean next to Bixby Park

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 3

Level or Stories 3

Others

Tax ID 7265020010

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Listed by Shane Young Younglewin Advisors, Inc.

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1912 E 2nd Street Long Beach, CA 90802