1912 E 2nd Street, Long Beach, CA 90802 - Berkshire Hathaway HomeServices California Properties
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1912 E 2nd Street, Long Beach, CA 90802

$4,745,000 Approx. USD 0 beds, 0 baths

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Listing Agent


Shane Young | Shane@YoungLewin.com
Lic#: 01963090
Broker: Courtesy of Younglewin Advisors, Inc.

Agent Remarks

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 garage-ADU conversion, unlocking even greater returns. Combining a prime location with strong fundamentals, this is a rare chance for a savvy investor to enhance value, maximize rents, and secure significant long-term appreciation in one of Southern California’s most dynamic markets.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW25079041
Price: $4,745,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1923
0.19 acres
Lot size: 0.1899
Subdivision: Alamitos Beach (AB)
County: Los Angeles
Zoning: LBR4R
Construction: Stucco
Parking description: Garage Faces Rear
Lot description: Front Yard,Value In Land
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 4/11/2025

 Days On Market (DOM): 8

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

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Lat/Long: 33.766437, -118.168596.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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NRDS ID: 207054480
Jesse@HomeSearchLA.com
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