$4,995,000
E Nd St, Long Beach, Home For Sale
Price:
$4,995,000
BR/BA:
8 BR, 10+ BA
Location:
1912 E 2nd St, Long Beach, CA
Description:
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 Beachs vibrant Alamitos Beach neighborhood. The propertys 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 12 GRM, and a 5.14% cap rate with 20% upside in NOI. 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.For more details: https://realtyww.info/homes_long-beach-d523493/for-sale_i73445124
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More About this Listing: E Nd St, Long Beach, Home For Sale
E Nd St, Long Beach, Home For Sale is a Eight Bedroom 10 Bathroom, 10+ BA, 21 Bathroom Single-Family Homes for Sale at 1912 E 2nd St in Long Beach CA. Find other listings like E Nd St, Long Beach, Home For Sale and listings near 1912 E 2nd St by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 21 Bathroom Single-Family Homes for Sale in Long Beach CA.
E Nd St, Long Beach, Home For Sale is a Eight Bedroom 10 Bathroom, 10+ BA, 21 Bathroom Single-Family Homes for Sale at 1912 E 2nd St in Long Beach CA. Find other listings like E Nd St, Long Beach, Home For Sale and listings near 1912 E 2nd St by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 21 Bathroom Single-Family Homes for Sale in Long Beach CA.