1912 E 2nd ST Long Beach, CA 90802

OFFERS DUE TUESDAY, JULY 24TH BY 5PM PST

1912 East 2nd Street is a 19-unit apartment building in Long Beach, California. In the first quarter of 2018, Long Beach recorded a 7.2% year-over-year increase of effective rents. The property is well-located just steps from Bixby Park and the ocean in Long Beach's vibrant Alamitos Beach neighborhood, a dense rental area with low vacancy rates. The property's excellent location also offers tenants convenient access to the numerous popular dining, shopping and entertainment opportunities on Retro Row and in rapidly redeveloping downtown Long Beach.

1912 East 2nd Street consists of a two-story 1923 construction building that contains 11 studios, six one-bed/one-bath and two 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 is mastermetered for water and gas, and five units have separate electric meters.

1912 East 2nd Street's excellent location makes it an outstanding opportunity for an investor to add value and capture substantial potential upside in rents.