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1246 E 2nd ST LONG BEACH CA 90802 | MLS OC19028459MR - Outland and Associates Real Estate

1246 E 2nd ST LONG BEACH CA 90802 | MLS OC19028459MR

1246 E 2nd ST
LONG BEACH, CA, 90802
$18,300,000
Beds
Baths
39,258 SqFt
0.77 Acres
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The 2nd Street Multifamily Portfolio is a 54-unit multifamily investment portfolio across three separately parceled properties in Long Beach, one of the premier housing markets in Southern California. Specifically, the properties are located in the Alamitos Beach neighborhood, just steps from the ocean, a short walk to Downtown, and minutes to Belmont Shores. Fully renovated in 2017, the portfolio offers investors three exceptionally well-appointed buildings with a clear opportunity to increase rental income by almost 6 percent. Given the demand for modern and unique housing options, the 2nd Street Portfolio provides a distinct competitive advantage over other units in the area with higher asking rents. The 39,258 square foot portfolio consists of studio, one-, two-, and three-bedroom floor plans. Originally built in 1954 & 1956, 2nd Street Portfolio offers amenities including communal courtyard, custom barbecue, individual garage parking, on-site laundry facilities, controlled access, ceiling fans, hardwood floors, storage lockers, and more.

Property Details

Price:
$18,300,000
MLS #:
OC19028459MR
Status:
Active
Address:
1246 E 2nd ST
Type:
Residential Income
City:
LONG BEACH
Listed Date:
Feb 6, 2019 (11 days)
State:
CA
Square Ft (approx):
39,258
ZIP:
90802
Lot Size:
33,802 sqft / 0.77 acres (approx)
Year Built:
1954

Schools

Interior

Laundry
Community

Exterior

CommonWalls
Detached/No Common Walls
CommunityFeatures
Sidewalks
PoolDescription
None

Financial

LandLeaseType
Fee

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et Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or his…

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Courtesy of Tyler Leeson at Marcus & Millichap RE Invest. The information being provided by CARETS (CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS, and/or VCRDS) is for the visitor’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing.
Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of CARETS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site.
The accuracy of all information, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CARETS, CLAW, CRISNet MLS, DAMLS, CRMLS, i-Tech MLS and/or VCRDS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
CARETS, California Real Estate Technology Services, is a consolidated MLS property listing data feed comprised of CLAW (Combined LA/Westside MLS), CRISNet MLS (Southland Regional AOR), DAMLS (Desert Area MLS), CRMLS (California Regional MLS), i-Tech MLS (Glendale AOR/Pasadena Foothills AOR) and VCRDS (Ventura County Regional Data Share). This site was last updated 2019-02-17.
1246 E 2nd ST
LONG BEACH, CA