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.
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.
Property Details
Price:
$4,645,000
MLS #:
PW25079041
Status:
Active
Baths:
0
Address:
1912 E 2nd Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Apr 10, 2025
State:
CA
ZIP:
90802
Lot Size:
8,274 sqft / 0.19 acres (approx)
Year Built:
1923
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Schools
Interior
Fireplace Features
None
Exterior
Community Features
Biking, Curbs, Dog Park, Park, Sidewalks, Street Lights
Garage Spaces
2.00
Lot Features
Front Yard, Value In Land
Parking Features
Garage Faces Rear
Parking Spots
2.00
Pool Features
None
Security Features
Gated Community
Sewer
Public Sewer
Spa Features
None
Stories Total
3
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity, See Remarks
Map
Community
- Address1912 E 2nd Street Long Beach CA
- Area4 – Downtown Area, Alamitos Beach
- SubdivisionAlamitos Beach (AB)
- CityLong Beach
- CountyLos Angeles
- Zip Code90802
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1912 E 2nd Street
Long Beach, CA
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