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$ 4,645,000
Est. payment | /mo
9,662 SqFt
$ 4,645,000
Est. payment | /mo
9,662 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 9,662 sqft
Price per Sqft $480
MLS Listing ID CRPW25079041
HOA Y/N No
Year Built 1923
Lot Size 8,274 Sqft
Acres 0.19
Property Sub-Type Other
Property Description
Priced to sell at an 11 GRM and a 5.87% Cap Rate in the most coveted pocket of Alamitos Beach! Pro forma 9.2 GRM and 7.4% Cap Rate! This opportunity delivers immediate cash flow with 26% upside in NOI. 1912 E. 2nd Street is a well maintained 19-unit apartment building steps from Bixby Park and the Pacific Ocean. 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. The property showcases 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 townhome 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, or can be converted to an ADU for additional income. With RUBS (Ratio Utility Billing System) already implemented, operating costs are minimized, immediately boosting your net income. Combining a prime location with strong fundamentals, this is a rare chance for a savvy investor to enhance value, and secure significant long-term appreciation in one of Southern California’s most sought after markets.
Location
State CA
County Los Angeles
Zoning LBR4
Interior
Fireplace No
Laundry Other
Building
Lot Description Front Yard
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7265020010
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Shane Young • Younglewin Advisors, Inc.
9030 BRENTWOOD BLVD, BRENTWOOD, California, 94513, United States