1912 E 2nd St

For Sale

1912 E 2nd St, Long Beach, CA 90802

This Long Beach property for sale is located at 1912 E 2nd St. The current listed sale price for 1912 E 2nd St is $4,800,000. 1912 E 2nd St 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
  • 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.

Want more info on this listing?

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

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

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