1820 E 2nd, Long Beach, CA 90802

Long Beach
Local realty services provided by:ERA North Orange County Real Estate
1820 E 2nd,Long Beach, CA 90802
$5,299,000
  • 5 Beds
  • 4 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates
MLS#:PW26035100
Source:San Diego MLS via CRMLS

Price summary

  • Price:$5,299,000

About this home

Introducing Millie Jean a completely reimagined 12-unit apartment community located at 1820 E. 2nd Street in the heart of Alamitos Beach, one of Long Beachs most desirable coastal neighborhoods. This turn-key asset has undergone a full, permitted renovation down to the studs, delivering essentially new construction with best-in-class finishes and modern building systems throughout. Currently operating at a 5.15% CAP rate and 13.72 GRM, the property offers immediate, stabilized cash flow. RUBS in place, with tenants responsible for their proportionate share of utilitiesreducing operating expenses, improving NOI, and protecting ownership from rising utility costs. The offering includes five single-car garages and fully approved plans to construct two new 2-bedroom, 1-bath ADU units above the garages, providing a clear value-add opportunity. Upon completion of the ADUs, ownership can achieve an estimated 6.45% CAP rate. All units feature high-end interior renovations, including modern...

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Home facts

  • Listing ID #:PW26035100
  • Added:47 day(s) ago
  • Updated:April 06, 2026 at 02:07 PM

Rooms and interior

  • Bedrooms:5
  • Total bathrooms:4

Structure and exterior

  • Levels:2 Story

Finances and disclosures

  • Price:$5,299,000
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