1912-1918 E 2nd St | Long Beach, CA 90802
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1912-1918 E 2nd St
Long Beach, CA 90802
Park Apartments · Multifamily Property For Sale
·
19 Units
INVESTMENT HIGHLIGHTS
- 10.81 GRM in Prime Location - 6.06% Cap Rate Current
- 26% Upside in NOI with a Simple Renovation Plan
- A+ Location Next to Bluff Park with a 92 Walk Score (Walker’s Paradise)
- 9.09 Market GRM and 7.65% Market Cap Rate
- ADU Potential with Underutilized Two-Car Garage
PROPERTY FACTS
| No. Units | 19 | Lot Size | 0.19 AC |
| Property Type | Multifamily | Building Size | 9,662 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | ||
| Zoning | R4R, Long Beach | ||
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 9,662 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | R4R, Long Beach |
AMENITIES
UNIT AMENITIES
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Controlled Access
- Courtyard
- Laundry Facilities
- Property Manager on Site
- Gated
- Bicycle Storage
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 11 | $1,670 | 475 |
| 1+1 | 6 | $2,025 | 650 |
| 1+1.5 | 2 | $2,283 | 750 |
PROPERTY TAXES
| Parcel Number | 7265-020-010 | Improvements Assessment | $1,249,379 |
| Land Assessment | $3,346,555 | Total Assessment | $4,595,934 |
PROPERTY TAXES
Parcel Number
7265-020-010
Land Assessment
$3,346,555
Improvements Assessment
$1,249,379
Total Assessment
$4,595,934
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