9,662 sqft

$4,400,000

1912 E 2nd Street, Long Beach CA, 90802

Price per sqft$455.39

Built in1923

Property size9,662 sqft

Property typeCondominium

Bought with Robert Stepp with Keller Williams Realty Downey and Listed by Shane Young CA DRE# 01963090 with Younglewin Advisors, Inc. 562-556-1118

Overview

Sold

Closed

Listed Apr 10, 2025

Updated Aug 25

Priced to sell at an 10.81 GRM and a 6.06% Cap Rate in the most coveted pocket of Alamitos Beach! Pro forma 9.09 GRM and 7.65% 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.

Additional information

MLS^® ID: PW25079041

Interior Features

Basement: No

Exterior Features

Lot Size: 0.19 Acres

Other Property Details

Garage: Yes
55+/Senior Community: No

Bought with Robert Stepp with Keller Williams Realty Downey and Listed by Shane Young CA DRE# 01963090 with Younglewin Advisors, Inc. 562-556-1118

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 8/25/2026. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 8/25/2026 at 1:13 AM UTC Last Checked: 1:13 AM UTC