DRE #00338699
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1246 1275 E 2nd Street $17,995,000


1246 1275 E 2nd Street Long Beach, CA 90802

  • 0 Beds
  • 0 Baths
  • 39,258 sq.ft.
  • Multi-Family
MLS# OC19028459 | Active
Days On Market: 74 4 Views
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Property Details

The 2nd Street Multifamily Portfolio is a 54-unit multifamily investment portfolio across three separately parceled properties in Long Beach, one of the premier housing markets in Southern California. Specifically, the properties are located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. Fully renovated in 2017, the portfolio offers investors three exceptionally well-appointed buildings with a clear opportunity to increase rental income by almost 6 percent. Given the demand for modern and unique housing options, the 2nd Street Portfolio provides a distinct competitive advantage over other units in the area with higher asking rents. The 39,258 square foot portfolio consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954 & 1956, 2nd Street Portfolio offers amenities including communal courtyard, custom barbecue, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, storage lockers, and more.

  • General Features
    • Number Of Units Leased 54
    • Number Of Separate Water Meters 0
    • Number Of Separate Electric Meters 0
    • Number Of Separate Gas Meters 0
    • Number Of Units Total 54
    • YearBuilt 1954
    • Subdivision Name Alamitos Beach (AB)
    • County Or Parish Los Angeles
    • Number Of Buildings 3
    • Community Features Sidewalks
  • Building Features
    • Laundry Features Community
  • Property Features
    • Lot Size Acres 0.77
    • Lot Features Landscaped
    • Pool Private Y/N 0
    • Pool Features None
    • Parking Total 24.00



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Market Last 30 Days

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Property History

Date Event Price Percent Change
-- Current Price Source New Value: $17,995,000
3/20/2019 4:47:48 PM Price Reduced Source New Value: $17,995,000 -1.67%
2/6/2019 4:18:00 PM New in Database Source New Value: $18,300,000

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Based on information from California Regional Multiple Listing Service, Inc. as of 4/22/2019 2:48:24 AM. 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, 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.