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.
|
DAYS ON MARKET
|
10
|
LAST UPDATED
|
4/10/2025
|
|
TRACT
|
Alamitos Beach (AB)
|
YEAR BUILT
|
1923
|
|
COMMUNITY
|
Downtown Area, Alamitos Beach
|
GARAGE SPACES
|
2.0
|
|
COUNTY
|
Los Angeles
|
STATUS
|
Active
|
|
PROPERTY TYPE(S)
|
Residential Income
|
|
|
| AREA |
Downtown Area, Alamitos Beach |
| CONSTRUCTION |
Stucco |
| GARAGE |
Garage Faces Rear, Yes |
| HOA DUES |
0 |
| LOT |
8274 sq ft |
| LOT DESCRIPTION |
Front Yard, Value In Land |
| PARKING |
Garage Faces Rear |
| POOL DESCRIPTION |
None |
| SEWER |
Public Sewer |
| STORIES |
3 |
| SUBDIVISION |
Alamitos Beach (AB) |
| WATER |
Public |
| ZONING |
LBR4R |
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Listed with Younglewin Advisors, Inc.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 4/19/25 3:43 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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