#PW24114256, Michael Robinson, Listing Office: Broadmoor Realty, Inc.
#PW24131544·
Listing Office: Younglewin Advisors, Inc.·
Listing Agent: Shane Young·
Listing Office Phone: 562-556-1118
1912 E 2nd St Long Beach, CA 90802
$4,800,000 List price
0.2 acres
Condo
Property details
About 1912 E 2nd St
We are pleased to present a well maintained 19-unit apartment building in Long Beach, California. The property is well-located just steps from Bixby Park and the Pacific Ocean in Long Beach’s vibrant Alamitos Beach neighborhood. The property’s excellent location also offers tenants convenient access to the numerous popular dining, shopping and entertainment opportunities on Broadway, Retro Row and in the rapidly redeveloping Downtown Long Beach. 1912 East 2nd Street consists of a two-story 1923 construction building that contains 11 studios, 6 one-bed/one-bath and 2 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 also has RUBS in-place to lower ownership's expense. 1912 E 2nd is priced attractively at a 11.60 GRM, and a 5.40% cap rate with 20% upside in NOI to low 10 times gross and a 6.46% cap rate. The excellent location combined with strong cash flow makes it an outstanding opportunity for an investor to add value and capture substantial potential upside in rents and long term appreciation.
Highlights
Home typeCondominium
StatusActive
Lot size0.1899 Acres
Year built1923
MLS #PW24131544
Garage2 spaces
Summary
- MLS Number: PW24131544
- MLS Name: CRMLS
- Office Name: Younglewin Advisors, Inc.
- Office Phone: (562) 556-1118
- Listing Agent: Shane Young
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/13/2025, 5:20:51 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,800,000
1912 E 2nd St
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Oct 10, 2018 | Home Sold | $4,120,000 |
| May 10, 2000 | Home Sold | $590,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $4,506,999 | $59,124 |
| 2023 | $4,418,650 | $58,105 |
| 2022 | $4,332,034 | $54,524 |
| 2021 | $4,247,116 | $53,423 |
| 2020 | $4,202,400 | $52,655 |
| 2019 | $4,120,000 | $7,873 |
| 2018 | $432,242 | $7,784 |
| 2017 | $423,768 | $7,784 |
History based on county public records data.
Nearby schools
6
Burbank Elementary School
Public District KG-5
0.5 mi
•501 Junipero Ave
5
Mann Elementary School
Public District KG-5
0.9 mi
•257 Coronado Ave
5
Robert Louis Stevenson Elementary School
Public District KG-5
1.0 mi
•515 Lime Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $57,692. Most Long Beach, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
How much money do the neighbors make?
16%
<35k
67%
35k-100k
16%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
83%
Single, No Kids
5%
Single, with Kids
9%
Married, No Kids
3%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
5%
<11 yrs old
2%
12-17 yrs old
35%
18-34 yrs old
51%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Tennis
Where do the neighbors shop?
Banana Republic
H&M
Crate & Barrel
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
BMW
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1912 E 2nd St
This home is located at 1912 E 2nd St in Long Beach, CA and zip code 90802 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since June 27, 2024 and is currently priced at $4,800,000.
In January 2025, from all listings sold in Long Beach, CA there were more than 63 sold above asking price, over 53 sold below and more than 35 were sold right at the asked price. In January 2025 in Long Beach, CA there were 5.6% more homes for sale than in December. Listings spent 42 days on the market in January 2025, and had a median list price of $825,147 during the same period.
From Rocket Homes Real Estate and based on county public records data.