Seller's Agent in 2025
Shane Young
Younglewin Advisors, Inc.
(562) 556-1118
1 in this area
31 Total Sales
1912 E 2nd St Long Beach, CA 90802
Alamitos Beach Neighborhood
2
Beds
4
Baths
9,662
Sq Ft
8,274
Sq Ft Lot
Highlights
- Gated Community
- 0.19 Acre Lot
- Park
- Long Beach Polytechnic High School Rated A
- No HOA
- 3-minute walk to Bixby Park
About This Home
As of September 2025Priced to sell at an 10.81 GRM and a 6.06% Cap Rate in the most coveted pocket of Alamitos Beach!
Pro forma 9.09 GRM and 7.65% Cap Rate!
This opportunity delivers immediate cash flow with 26% upside in NOI.
1912 E. 2nd Street is a well maintained 19-unit apartment building steps from Bixby Park and the Pacific Ocean. This location ensures effortless access to trendy dining, boutique shopping, and lively entertainment options along Broadway, Retro Row, and the booming Downtown Long Beach—driving strong tenant demand and rental growth.
The property showcases an eye-catching art deco facade, featuring 11 spacious studios, 6 one-bedroom/one-bath units, and 2 one-bedroom/one-and-one-half-bath townhome units. The securely gated property offers an inviting inner courtyard and a rare two-car garage—a coveted feature that could command premium rental income, or can be converted to an ADU for additional income. With RUBS (Ratio Utility Billing System) already implemented, operating costs are minimized, immediately boosting your net income.
Combining a prime location with strong fundamentals, this is a rare chance for a savvy investor to enhance value, and secure significant long-term appreciation in one of Southern California’s most sought after markets.
Last Agent to Sell the Property
Younglewin Advisors, Inc. Brokerage Phone: 562-556-1118 License #01963090 Listed on: 04/10/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 8,274 Sq Ft Lot
- Two or More Common Walls
- Front Yard
- Value in Land
Parking
- 2 Car Garage
- Parking Available
- Rear-Facing Garage
Home Design
- Apartment
- Entry on the 1st floor
- Stucco
Interior Spaces
- 9,662 Sq Ft Home
- 3-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 2 Bedrooms
- 4 Bathrooms
Outdoor Features
- Exterior Lighting
Listing and Financial Details
- Tenant pays for electricity
- Legal Lot and Block 7 / 67
- Tax Tract Number 576602
- Assessor Parcel Number 7265020010
- $3,125 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- No Home Owners Association
- 19 Units
- Alamitos Beach Subdivision
Recreation
- Park
- Dog Park
- Bike Trail
Building Details
- 15 Leased Units
- 20 Separate Electric Meters
- 1 Separate Gas Meter
- 1 Separate Water Meter
- Electric Expense $2,500
- Insurance Expense $12,078
- Professional Management Expense $21,055
- Trash Expense $2,000
- Water Sewer Expense $2,500
- Operating Expense $135,005
- Gross Income $423,492
- Net Operating Income $275,853
Additional Features
- Laundry Facilities
- Gated Community
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 09/29/2025 09/29/25 | Sold | $4,400,000 | -3.3% | $455 / Sq Ft | |
| 07/22/2025 07/22/25 | Pending | -- | -- | -- | |
| 07/15/2025 07/15/25 | Price Changed | $4,550,000 | -2.0% | $471 / Sq Ft | |
| 05/24/2025 05/24/25 | Price Changed | $4,645,000 | -2.1% | $481 / Sq Ft | |
| 04/10/2025 04/10/25 | For Sale | $4,745,000 | +15.2% | $491 / Sq Ft | |
| 10/10/2018 10/10/18 | Sold | $4,120,000 | +1.7% | $426 / Sq Ft | View Prior Sale |
| 07/26/2018 07/26/18 | Pending | -- | -- | -- | |
| 07/17/2018 07/17/18 | For Sale | $4,050,000 | -- | $419 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $59,124 | $4,595,934 | $3,346,555 | $1,249,379 |
| 2024 | $59,124 | $4,505,819 | $3,280,937 | $1,224,882 |
| 2023 | $58,106 | $4,417,470 | $3,216,605 | $1,200,865 |
| 2022 | $54,525 | $4,330,854 | $3,153,535 | $1,177,319 |
| 2021 | $53,423 | $4,245,936 | $3,091,701 | $1,154,235 |
| 2019 | $52,656 | $4,121,180 | $3,000,000 | $1,121,180 |
| 2018 | $7,874 | $433,422 | $391,727 | $41,695 |
| 2016 | $7,245 | $415,460 | $376,517 | $38,943 |
| 2015 | $7,460 | $409,221 | $370,862 | $38,359 |
| 2014 | $7,073 | $401,206 | $363,598 | $37,608 |
Source: Public Records
Agents Affiliated with this Home
-
Shane Young
-
Robert Stepp
Buyer's Agent in 2025
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
5 in this area
74 Total Sales
-
Steve Bogoyevac
S
Seller's Agent in 2018
Steve Bogoyevac
Steven M. Bogoyevac, Broker
(562) 257-1231
87 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25079041
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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