Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav
Nav

1232 E. 2nd Street

1232 E. 2nd Street,Long Beach, CA 90802

1950

Year Build

$6,000,000

Price per Unit

Property Details

Current Cap Rate

3.95%

Market Cap

4.58%

Current GRM

16.63

Market GRM

14.96

25907 Oak Street

25907 Oak Street | Lomita, CA 90717

$10,750,000

Price per Unit

Property Details

Tyler Leeson

$10,750,000

Building Size

23,312 SF

Number Of Units

23

Cap Rate

3.69%

Total Lot Size

23,312 SF

Year Built

23

Number Of Units

23

Year Built

23

Description

1232 E. 2nd Street is a 14-unit turn-key investment asset in prime Alamitos Beach. The property consists of (1) 2BD/1BA unit and (13) 1BD/1BA units. Four units feature private, enclosed courtyards.

All units have been renovated with new countertops, laminate wood and porcelain tile flooring, stainless steel appliances, bathtubs, custom tile surrounds, vanities, ceiling fans, lighting, and window coverings.

New building systems as well as new vinyl low-energy windows have been installed throughout. The remodeled laundry room features copper pipes and new machines. New landscaping includes installation of concrete hardscape and modern fencing, drought tolerant plants with drip irrigation and lighting.

Highlights

  • Absolute Turn-key Asset
  • New Low-Energy Windows & Building Systems
  • All Units Meticulously Renovated – 4 with Private, Enclosed Courtyards
  • Complete Exterior & Landscape Renovations
  • Additional Income from Onsite Laundry
  • Individually Metered with In-Place RUBS Program
  • Prime Alamitos Beach Location / 94 Walk Score

Map