1912 E 2nd St

1912 E 2nd St, Long Beach, CA 90802

  • For Sale $4,800,000
  • Property Type Multi-Family
  • Property Size 9,662 SF
  • Units 19
  • Lot Size 0.19 Acre
  • Additional Rent Contact for pricing
  • Year Built 1923
  • Date Updated Oct 24, 2024
With scenic beaches, bustling shopping districts, and a burgeoning arts scene, the location offers a captivating blend of urban energy and coastal charm, making it an appealing choice for Multifamily / Low-Rise/Garden investors seeking to capitalize on the multifaceted appeal of Long Beach.YoungLewin Advisors is pleased to present a well maintained 19-unit apartment building in Long Beach, California. The property is well-located just steps from Bixby Park and the Pacific Ocean in Long Beach’s vibrant Alamitos Beach neighborhood. The property’s excellent location also offers tenants convenient access to the numerous popular dining, shopping and entertainment opportunities on Broadway, Retro Row and in the rapidly redeveloping Downtown Long Beach. 1912 East 2nd Street consists of a two-story 1923 construction building that contains 11 studios, 6 one-bed/one-bath and 2 one-bed/one-and-one-half bath units. The property is securely gated and boasts a well-maintained art deco facade, an inner courtyard, and a two-car garage in the rear. Parking is a highly sought-after amenity in this neighborhood and could demand premium additional income. The property also has RUBS in-place to lower ownership's expense. 1912 East 2nd Street is priced attractively at a 11.5 GRM, and a 5.46% cap rate with 18% upside in NOI. The excellent location combined with strong cash flow makes it an outstanding opportunity for an investor to add value and capture substantial potential upside in rents and long term appreciation.

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Highlights

  • Current 5.39% Cash on Cash Return
  • 5.5% Loan at 65% LTV
  • Current 11.51 GRM & 5.46% Cap Rate
  • 18% Upside in NOI - 8.25% Cash on Cash
  • Attractive Art Deco Architecture

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 1912 E 2nd St cost?

The space currently listed for sale at 1912 E 2nd St asks for $4,800,000.

What is the total square footage of 1912 E 2nd St?

1912 E 2nd St totals 9,662 square feet.

When was this property built?

1912 E 2nd St was built in 1923.

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Contact Listing Broker

broker

Shane Young

Young Lewin Advisors