1231 E 2nd St, Long Beach, CA 90802

1231 E 2nd St, Long Beach, CA 90802

Long Beach, CA

Property Description

Lyon Stahl is pleased to present this beautiful, renovated 4-plex at 1231 E 2nd St., Long Beach in Alamitos Beach.

1231 E 2nd St has the perfect location between Ocean Blvd and the nightlife/social scene on Broadway and 4th. It is also situated just a few blocks from downtown Long Beach and a short walk from Belmont Shore. Truly in one of the best locations in Long Beach, 1321 E 2nd offers plenty of security while also offering premium upside.

The property is comprised of (4) large 1-bedroom/1- bathroom units, averaging over 1000 square feet a piece. Along with spacious living spaces, the units also boast a den off the bedroom, rare for the area. Along with the pure size and location, the units are also beautifully appointed with hardwood floors, granite counter tops, various built-ins, new windows, doors, frames, crown molding, and baseboards. Units also offer on-site laundry hook ups. Do not miss out on this chance to own a rare beachside asset in one of Southern California’s last affordable beachside communities.

<strong>Investment Highlights:
</strong>• Located in highly desirable Alamitos Beach between Ocean Blvd and the shops on Broadway and 4th<strong>
</strong>• Fully renovated with beautiful interior craftsmanship and hardwood floors<strong>
</strong>• Large units over 1000 square feet<strong>
</strong>• Units feature Den off bedroom<strong>
</strong>• In-unit laundry hook ups

Property Features

  • Sale Price: $1,325,000
  • Area Size: 4,080 SF
  • Land Area: 4,702 SF
  • Year Built: 1920
  • Closing Date: 9/5/19
  • Units: 4
  • Current GRM: 16.67
  • Current Cap Rate: 3.9%
  • Market GRM: 11.78
  • Market Cap Rate: 6.29%

Lyon Stahl Investment Real Estate

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