Bixby Park Apartments

1912-1918 E 2nd St, Long Beach, CA 90802

  • For Sale $4,745,000
  • Property Type Multi-Family
  • Property Size 9,662 SF
  • Units 19
  • Lot Size 0.19 Acre
  • Year Built 1923
  • Date Updated Apr 11, 2025
Prime Bixby Park Alamitos BeachPriced 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. YoungLewin is 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.
Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Highlights

  • 11.27 Current GRM in Prime Location
  • Attractive 5.72% Current Cap Rate
  • 9.48 Market GRM and 7.23% Market Cap Rate
  • 26% Upside in NOI with a Simple Renovation Plan
  • ADU Potential with Underutilized Two-Car Garage
  • A+ Location Next to Bluff Park with a 92 Walk Score (Walker’s Paradise)

Contacts

broker
Shane Young

Young Lewin Advisors

Location

Getting Around

  • Walk Score ®

    93/100 Walker's Paradise

  • Transit Score ®

    46/100 Some Transit

  • Bike Score ®

    83/100 Very Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood Alamitos Beach
  • Zip Code 90802
  • Market Los Angeles

Points of Interest

  • 5th Street

    1.29 miles

  • Pacific Avenue

    1.50 miles

  • Anaheim Street

    1.60 miles

  • Pacific Coast Highway

    1.98 miles

  • Wardlow

    4.01 miles

  • Del Amo

    6.13 miles

  • Chevron

    0.78 miles

  • Shell

    0.81 miles

  • USA gas

    0.92 miles

  • ARCO

    1.03 miles

  • SB gas

    1.10 miles

  • Speedway Express

    1.30 miles

  • Arco

    1.35 miles

  • Mobil

    1.45 miles

  • Blink Charging Station

    2.29 miles

  • eVgo

    2.47 miles

  • Long Beach Transit

    1.16 miles

  • Parking structure

    1.35 miles

  • parking structure

    1.36 miles

  • P2

    1.67 miles

  • Lot 7 staff

    1.71 miles

  • Lot 1

    1.72 miles

  • Parking structure (for courthouse)

    1.73 miles

  • Lot 3 Staff

    1.75 miles

  • Lot 2

    1.77 miles

  • Lot 10

    1.78 miles

  • Vagabond Inn Convention Center Long Beach

    0.78 miles

  • Beach Inn Motel

    0.82 miles

  • Long Beach Motel

    0.85 miles

  • Argonne Motel

    0.86 miles

  • Rodeway Inn Long Beach Convention Center

    0.92 miles

  • Travelodge Convention Center

    0.92 miles

  • Travel King Motel

    0.95 miles

  • The Inn of Long Beach

    0.98 miles

  • Courtyard Long Beach Downtown

    0.99 miles

  • City Center Motel

    1.00 miles

  • Cafe Ambrosia

    0.07 miles

  • Park Pantry

    0.17 miles

  • Star of Siam

    0.18 miles

  • Spicy Sugar

    0.23 miles

  • Thai Silk

    0.27 miles

  • Fatima's Grill

    0.34 miles

  • Pike Fish Grill & Cocktails

    0.35 miles

  • Lola's

    0.36 miles

  • Honduras' Kitchen

    0.36 miles

  • Retroll Sushi L.B.C.

    0.37 miles

  • Burbank Elementary School

    0.47 miles

  • Franklin Middle School

    0.72 miles

  • Mann Elementary School

    0.84 miles

  • St Anthony High School

    0.95 miles

  • Stevenson Elementary School

    1.03 miles

  • Lincoln Elementary School

    1.12 miles

  • Willard Elementary School

    1.16 miles

  • First Lutheran School

    1.31 miles

  • Jefferson Middle School

    1.34 miles

  • Fremont Elementary

    1.39 miles

  • Great Beginnings

    0.80 miles

  • A Village Child Care

    1.95 miles

  • Oak Wood Academy

    4.44 miles

  • Artesia Head Start

    7.39 miles

  • injoy life

    8.01 miles

  • Tiny Heartz Daycare LLC

    8.09 miles

  • Carden Conservatory

    8.51 miles

  • Bethany Christian Preschool

    8.71 miles

  • The Learning Box Childcare & Enrichment Center Inc

    9.09 miles

Frequently Asked Questions

How much does Bixby Park Apartments cost?

The space currently listed for sale at Bixby Park Apartments asks for $4,745,000.

What is the total square footage of Bixby Park Apartments?

Bixby Park Apartments totals 9,662 square feet.

When was this property built?

Bixby Park Apartments was built in 1923.

Looking for more in-depth information on this property?

Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.

Contact Listing Broker
broker
Shane Young

Young Lewin Advisors

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.