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1231 E 2nd St, Long Beach, CA 90802

$1,275,000

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.

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

Property Downloads

Address

  • City: Long Beach
  • State/county: CA
  • Country: United States

Detail

Updated on August 13, 2019 at 11:41 pm

  • Price: $1,275,000
  • Property Size: 4,080 Sq Ft
  • Land Area: 4,702 Sq Ft
  • Garage: 2
  • Year Built: 1920
  • Property Type: Multifamily
  • Property Status: Pending Sale, Active
  • Numbers of Units: 4
  • GRM: 16.67
  • CAP RATE: 3.9%
  • Market GRM: 11.78
  • Market CAP RATE: 6.29%

Contact info

Christian Milner
Christian Milner
(323) 375-5980 (714) 943-1489
Cameron Samimi
Cameron Samimi
(310) 880-3855 (310) 259-7556
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