1246 E 2nd Street Long Beach, CA 90802

237541375 33.76739 -118.17588 124 /listing/237541375-150201398/1246-e-2nd-street-long-beach-ca-90802 False 0 6605000.0 105 OC19094422 False
  • $6,605,000
  • 0.29 lot
  • Est payment $35457.07/mo

Property & Neighborhood Info

Courtesy Of Tyler Leeson, Marcus & Millichap RE Invest

Multi-Family in Long Beach

1246 East 2nd Street is a 20-unit multifamily investment property in Long Beach, one of the premier housing markets in Southern California.Specifically, the property is located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. 1246 East 2nd Street was fully renovated in 2017 with upgrades including new paint, windows, entry gates, courtyard, countertops, appliances, and more. Given the demand for modern and unique housing options, 1246 East 2nd Street provides a distinct competitive advantage over other units in the area with higher asking rents. The 14,293 square foot property consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954, 1246 East 2nd Street offers amenities including communal courtyard, custom barbecue, individual garage parking, an on-site laundry facility, controlled access, storage lockers, and more.

Courtesy Of Tyler Leeson, Marcus & Millichap RE Invest
  1. 0.29 Lot

Main Features

  • Listing Status: Active
  • Year Built: 1954
  • Garage: 9.0
  • Floors: 2
  • County: Los Angeles
  • Units: 20
  • Zoning: LBR4R
  • Subdivision: Alamitos Beach (Ab)
  • MLS Number:OC19094422

Additional Features

  • Laundry:
    • Community
  • Common Walls:
    • No Common Walls
  • Levels:
    • Two
  • Property Subtype:
    • Apartment
  • Water Source:
    • Public
  • Year Built Source:
    • Assessor
  • Land Size Source:
    • Assessor
  • Lot Features:
    • Landscaped
  • Pool Features:
    • None
  • Parking Spaces:
    • 9.00
  • Sewer:
    • Public Sewer
  • Community Features:
    • Sidewalks
  • Number of Buildings:
    • 1
  • Gross Income:
    • 444020.00
  • Net Operating Income:
    • 292270.00
  • CDOM:
    • 128
  • Special Conditions:
    • Standard
  • Fuel Exp:
    • 1907.00
  • Gross Operating Income:
    • 431407.00
  • Insurance Expense:
    • 5000.00
  • Lot Size Acres:
    • 0.2900
  • Lot Size Area:
    • 0.2900
  • Lot Size Square Feet:
    • 12632.40
  • Maintenance Exp:
    • 10000.00
  • Number Of Units Leased:
    • 20
  • Operating Expense:
    • 139138.00
  • Price Per SQFT:
    • 462.11
  • Tax ID:
    • 7265011008
  • Total Expenses:
    • 139138.00
Neighborhood info courtesy of Homes.com © 2019

What's My Mortgage?

$38,769.95*
*Estimated monthly payment is a starting point to help assist you with your home search. To find out more about mortgage pre-qualification, click here.
Elizabeth Otok
Elizabeth Otok
Broker Associate

Request More Info

1246 E 2nd Street Long Beach, CA 90802

237541375 33.76739 -118.17588 124 /listing/237541375-150201398/1246-e-2nd-street-long-beach-ca-90802 False 0 6605000.0 105 OC19094422 False
  • $6,605,000
  • 0.29 lot
  • Est payment $35457.07/mo