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1912 E 2nd St
Long Beach, CA 90802
Park Apartments · Multifamily Property For Sale
·
19 Units
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 9,662 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | R4R, Long Beach | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,662 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R4R, Long Beach |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gated
- Bicycle Storage
ABOUT 1912 E 2ND ST , LONG BEACH, CA 90802
OFFERS DUE TUESDAY, JULY 24TH BY 5PM PST Marcus & Millichap is pleased to present the exciting opportunity to acquire 1912 East 2nd Street, a 19-unit apartment building in Long Beach, California. In the first quarter of 2018, Long Beach recorded a 7.2% year-over-year increase of effective rents. The property is well-located just steps from Bixby Park and the ocean in Long Beach’s vibrant Alamitos Beach neighborhood, a dense rental area with low vacancy rates. The property’s excellent location also offers tenants convenient access to the numerous popular dining, shopping and entertainment opportunities on Retro Row and in rapidly redeveloping downtown Long Beach. 1912 East 2nd Street consists of a two-story 1923 construction building that contains 11 studios, six one-bed/one-bath and two 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 is mastermetered for water and gas, and five units have separate electric meters. 1912 East 2nd Street’s excellent location makes it an outstanding opportunity for an investor to add value and capture substantial potential upside in rents.
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $1,000 | - |
| 1+1 | 6 | $1,410 | - |
| 1+2 | 2 | $1,445 | - |
PROPERTY TAXES
| Parcel Number | 7265-020-010 | Improvements Assessment | $1,249,379 |
| Land Assessment | $3,346,555 | Total Assessment | $4,595,934 |
PROPERTY TAXES
