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1912-1918 E 2nd St
Long Beach, CA 90802 Downtown Long Beach

$4,800,000 USD

Apartments For Sale • 9,662 SF

Property Details

Property Type Apartments
Total Building Size 9,662 SF
Lot Size 0.19 AC
Building Class C
Year Built 1923
Zoning R4R, Long Beach

46 Transit Score

92 Walk Score

                
                    Highlights
                
                                Current 5.39% Cash on Cash Return
                            
                                5.5% Loan at 65% LTV
                            
                                20% Upside in Net Operating Income - 8.25% Cash on Cash
                            
                                Attractive Art Deco Architecture & Well-Maintained Units
                            
                                Short Walk to the Beach, Bixby Park, Retro Row, Broadway Ave, and Downtown Long Beach

Amenities

Controlled Access
Courtyard
Laundry Facilities
Property Manager on Site
Gated
Bicycle Storage

Public Transportation

Airport	Drive	Walk	Distance
Long Beach (Daugherty Field)	10 min	-	4.2 mi
John Wayne/Orange County	30 min	-	20.4 mi
Los Angeles International	35 min	-	23.3 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Type:	AttachedGarage
Included in Rent:	Yes

Shane Young 562-318-0213 Young Lewin Advisors

1912-1918 E 2nd St Long Beach, CA 90802 Downtown Long Beach