Prime Area Fourplex in Long Beach

2718 E 2nd, Long Beach, CA 90803

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For Sale

$2,200,000

Professionally managed fourplex with spacious units and modern upgrades.

Type:Investment

Property size:

5,600 SF

Price / SF:

$392/SF

HighLights

Spacious units: All units are 2‑bedroom, 1‑bath, 1400 sq ft.
Significant renovations: Replaced concrete foundation, new copper plumbing, and new electrical wiring.
Features include inside laundry, hardwood floors, breakfast nook, 9ft ceilings with crown molding, and a patio.
Professionally managed and maintained.
Prime location: High walk score (87) and good transit score (50).
Includes 5 single‑car garages and a common area backyard.

We can help!

Listing Contact

Howard Flowers

Learn more

For Sale

$2,200,000

Professionally managed fourplex with spacious units and modern upgrades.

Type:Investment

Property size:

5,600 SF

Price / SF:

$392/SF

Added:: Apr 24, 2026
Days on Market:: 54
Last Refresh:: Apr 24 at 4:05 pm

Property Features for 2718 E 2nd

General Information

Standard status: Active
Size: 5,600 SF
Property subtype: Investment

Building Details

Year Built: 1925

We can help!

Listing Contact

Howard Flowers

Listing agent Howard Flowers License #00590574

Listing office Coldwell Banker Coastal Alliance

Listing date Apr 24, 2026

Source Elliman

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Coldwell Banker Coastal Alliance

HighLights

Spacious units: All units are 2‑bedroom, 1‑bath, 1400 sq ft.
Significant renovations: Replaced concrete foundation, new copper plumbing, and new electrical wiring.
Features include inside laundry, hardwood floors, breakfast nook, 9ft ceilings with crown molding, and a patio.
Professionally managed and maintained.
Prime location: High walk score (87) and good transit score (50).
Includes 5 single‑car garages and a common area backyard.

Overview

This fourplex is located in a prime area and is professionally managed and maintained. Each of the four units features two bedrooms and one bathroom, with each unit offering 1400 square feet of living space. The units include a living room, dining room, inside laundry, hardwood floors, and a breakfast nook in the kitchen. Architectural details include 9-foot ceilings with crown molding. Each unit also has a patio. The property includes a common area backyard and five single-car garages. The property has had the concrete foundation replaced, along with new copper plumbing, new electrical wiring, and a new F/F heating system. The location is considered very walkable with a walk score of 87 and bikeable with a bike score of 59. The transit score is 50, indicating good transit options.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$181.4k	$32.40
− Vacancy	−$9.4k	−$1.68
EGI	$172.0k	$30.72
− OpEx	−$51.6k	−$9.21
NOI	$120.4k	$21.50

5,600 SF · lease $32.40/SF/yr · vacancy 5.20% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$1.72M

$1.51M – $2.01M (±1% cap)

NOI $120,404 @ 7.0% cap · market cap 5.47%

Second Best

Apartment 5plus

$1.53M

$1.34M – $1.78M (±1% cap)

NOI $107,092 @ 7.0% cap · market cap 4.87%

Theoretical Best

Office A

$3.00M

$2.62M – $3.50M (±1% cap)

NOI $209,875 @ 7.0% cap · market cap 9.54%

Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Current Use by Public Records

Quadplexes

Suggested Use

Location Insight

Map
Local Demand

City: Long Beach
County: Los Angeles
State: California
Longitude: -118.160282
Latitude: 33.7648145

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For sale
Quadplexes
CA
Long Beach
90803
2718 E 2nd

What type of property is this?

Quadplex - Professionally managed fourplex with spacious units and modern upgrades.

Where is this quadplex located?

The property is located at 2718 E 2nd Long Beach, CA.

What is the asking price?

The asking price for this property is $2,200,000.

What are key features of this property?

This property features: Spacious units: All units are 2‑bedroom, 1‑bath, 1400 sq ft.; Significant renovations: Replaced concrete foundation, new copper plumbing, and new electrical wiring.; Features include inside laundry, hardwood floors, breakfast nook, 9ft ceilings with crown molding, and a patio.