Long Beach, CA 90802,1912 E 2nd Street
Long Beach, CA 90802,1912 E 2nd Street
Long Beach, CA 90802,1912 E 2nd Street
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Fri
11
Jul
Sat
12
Jul
Sun
13
Jul
Listed by Shane Young • Younglewin Advisors, Inc.
$4,645,000
Est. payment /mo
9,662 SqFt
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Other

Listing Status Active

Purchase Type For Sale

Square Footage 9,662 sqft

Price per Sqft $480

MLS Listing ID CRPW25079041

HOA Y/N No

Year Built 1923

Lot Size 8,274 Sqft

Property Sub-Type Other

Source Datashare California Regional

Property Description

Priced to sell at an 11 GRM and a 5.87% Cap Rate in the most coveted pocket of Alamitos Beach! Pro forma 9.2 GRM and 7.4% 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 Beach—driving 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 garage—a 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 California’s most sought after markets.

Location

State CA

County Los Angeles

Interior

Fireplace No

Laundry Other

Building

Lot Description Front Yard

Water Public


Read Less Info
Bay East AOR and Contra Costa AOR
agent-avatar

_Our #1 priority is to find and attract mastery-based agents to partner with, protect our culture, and support our clients needs and desires."

 

CONTACT US

Name
Phone*
Message

Go tour this home

1912 E 2nd Street