$17,995,000 - 1246 1275 E 2nd Street, Long Beach

  • 0Beds
  • Baths
  • 39,258SQ. Feet
  • 0.78Acres

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.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:OC19028459
  • Price:$17,995,000
  • Bathrooms:0.00
  • Square Footage:39,258
  • Acres:0.78
  • Year Built:1954
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:1246 1275 E 2nd Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Alamitos Beach (AB)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90802

Amenities

  • Parking Spaces:24

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:Landscaped

Additional Information

  • Date Listed:February 6th, 2019
  • Days on Market:74
  • Zoning:LBR4R

Similar Type Properties to OC19028459, 1246 1275 E 2nd Street, Long Beach

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Similar Neighborhoods to "Alamitos Beach (AB)" in Long Beach, California

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  • City:
    Long Beach
  • Price Range:
    $530,000 - $15,000,000
  • Current Listings:
    20
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $375
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Provided By: Tyler Leeson(01451551), Marcus & Millichap RE Invest.

Based on information from California Regional Multiple Listing Service, Inc. as of April 22nd, 2019 at 5:22am CDT. 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.