Property Details
About this Property
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 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.
MLS Listing Information
MLS #
CRPW25079041
MLS Source
California Regional MLS
Parking, School, and Other Information
Garage/Parking
Garage, Garage: 2 Car(s)
HOA Fee
$0
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | 15 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
1912 E 2nd St is a Residential Income in Long Beach, CA 90802. This – square foot property sits on a 8,274 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $4,400,000 and was built in 1923. This address can also be written as 1912 E 2nd St, Long Beach, CA 90802.
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This listing information is up-to-date as of September 29, 2025. For the most current information, please contact Shane Young
