Bixby Park Apartments

For Sale

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

This Long Beach property for sale is located at 1912-1918 E 2nd St. The current listed sale price for Bixby Park Apartments is $4,745,000. Bixby Park Apartments is situated on a lot that is 0.19 acre in size.

Contacts

broker
Shane Young

Young Lewin Advisors

Property Details

  • 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.
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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)

Getting around

  • 93/100

    Walk Score ®

  • 46/100

    Transit Score ®

  • 83/100

    Bike Score ®

Powered by Walk Score ®

Location

  • 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

  • La Vista Market Carniceria

    0.58 miles

  • Big Saver Food

    0.61 miles

  • Ralphs

    0.72 miles

  • Northgate Market

    0.82 miles

  • Vons

    0.94 miles

  • Smart & Final Extra!

    1.12 miles

  • El Super

    1.21 miles

  • La Bodega

    1.27 miles

  • Ross

    1.30 miles

  • Food 4 Less

    1.32 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker
broker
Shane Young

Young Lewin Advisors

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