#OC25101601, Mike Marcu, Listing Office: Mike Marcu, Broker
#PW25079041·
Listing office: Younglewin Advisors, Inc.·
Listing agent: Shane Young·
Listing office phone: 562-556-1118
$4,645,000 List price
1912 E 2nd St Long Beach, CA 90802
0.2 acres
Condo
Property details
About 1912 E 2nd St
Priced to sell at an 11 GRM and a 5.87% Cap Rate in the most coveted pocket of Alamitos Beach! Pro forma 9.2 GRM and 7.4% Cap Rate! This opportunity delivers immediate cash flow with 26% upside in NOI. 1912 E. 2nd Street is a well maintained 19-unit apartment building steps from Bixby Park and the Pacific Ocean. This location ensures effortless access to trendy dining, boutique shopping, and lively entertainment options along Broadway, Retro Row, and the booming Downtown Long Beach—driving strong tenant demand and rental growth. The property showcases an eye-catching art deco facade, featuring 11 spacious studios, 6 one-bedroom/one-bath units, and 2 one-bedroom/one-and-one-half-bath townhome units. The securely gated property offers an inviting inner courtyard and a rare two-car garage—a coveted feature that could command premium rental income, or can be converted to an ADU for additional income. With RUBS (Ratio Utility Billing System) already implemented, operating costs are minimized, immediately boosting your net income. Combining a prime location with strong fundamentals, this is a rare chance for a savvy investor to enhance value, and secure significant long-term appreciation in one of Southern California’s most sought after markets.
Highlights
Home typeCondominium
StatusActive
Lot size0.1899 Acres
Year built1923
ParkingGarage Faces Rear
MLS #PW25079041
Garage2 spaces
Summary
- Fireplace: None
- Garage Space: 2 spaces
- Private Pool: No
- Parking: Garage Faces Rear
- List Price: $4,645,000
- HOA Amount: $0
- Annual Tax Amount: $59,124
- Tax Year: 2024
- Lot: Front Yard
- Directions: Off 2nd Between Broadway and Ocean next to Bixby Park
- Year Built: 1923
- Stories: 3
- Lot Size: 0.1899 Acres
- MLS Number: PW25079041
- 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: 6/1/2025, 11:20:43 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,645,000
1912 E 2nd St
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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. The majority of Long Beach, CA residents have income between $35k-100k annually. The most common type of family is single, no kids. The majority of residents in this area 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
The listing price of 1912 E 2nd St property is $4,645,000.
The property 1912 E 2nd St is a condo located in Long Beach, California, 90802.
Active Listing: 1912 E 2nd St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 1912 E 2nd St are: Burbank Elementary School (GreatSchools Rating 6/10), Mann Elementary School (GreatSchools Rating 5/10), Robert Louis Stevenson Elementary School (GreatSchools Rating 5/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jefferson Leadership Academies (GreatSchools Rating 7/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Renaissance High School for the Arts (GreatSchools Rating 5/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Polytechnic High School (GreatSchools Rating 6/10).
According to the records, the last property tax for 2024 is $59,124 (source: MLS/based on county public records data).
The last sale was on October 10, 2018 for $4,120,000 (source: MLS/tax record).
The property at 1912 E 2nd St has 0 bathroom.
The year of construction for 1912 E 2nd St is 1923.
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 April 11, 2025 and is currently priced at $4,645,000.
In May 2025, from all listings sold in Long Beach, CA there were more than 67 sold above asking price, over 61 sold below and more than 34 were sold right at the asked price. The number of homes for sale in Long Beach, CA increased by 2.4% between April and May 2025. The median list price of listings available in May 2025 was $830,000, while the average time on the real estate market was 27 days.
From Rocket Homes Real Estate and based on county public records data.