2325 E 2nd Street Long Beach, CA 90803
11-unit apartment asset located in Prime Bluff Park, Long Beach
Property size:
7,057 SFLot size:
0.16 Acres- Added:
- Jan 16, 2025
- Days on Market:
- 441
- Last Refresh:
- Mar 16 at 9:06 am
Property Features for 2325 E 2nd Street
General Information
- Standard status
- Active
- Property type
- Residential income homes, Other residential income properties, Multifamily properties, Investment properties, Residential income properties
- Size
- 7,057 SF
- Elevators
- N/A
- Lot size
- 0.16 Acres
Building Details
- Stories
- 2
- Units
- 11
Listing agent Todd (310) 774-3745
Listing office (310) 774-3745
Listing date Jan 16, 2025
Overview
Bluff Park Multifamily Investment Opportunity
Located in Long Beach's Bluff Park neighborhood, this 11-unit apartment building at 2325 E. 2nd Street presents an investment opportunity. The property consists of two buildings on a 0.16-acre lot, with a total building size of 7,057 square feet. One building, constructed in 1923, contains four 1-bedroom/1-bathroom units. The second building, built in 1964, includes four 1-bedroom/1-bathroom units, one 2-bedroom/1-bathroom unit, and two studio units (one non-conforming). Six units have been renovated and feature in-unit washer/dryers. Building-wide improvements include double-pane windows and upgraded electrical systems. The property also features an on-site laundry facility and four garages, each with permits for potential Accessory Dwelling Unit (ADU) development. The property consists of 10 legal units plus one non-conforming unit. Convenient beach access and coastal living are offered in this prime Bluff Park location. Assumable financing is available at a 3.47% interest rate until October 1, 2026.
Location Intelligence
Current Use by Public Records
Residential income homes
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.126
- Latitude
- 33.7629
Nearby Similar for Sale
FAQs
What type of property is this?
Residential income home - 11-unit apartment asset located in Prime Bluff Park, Long Beach
Where is this residential income home located?
The property is located at 2325 E 2nd Street Long Beach, CA.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: Priced at 11.9 GRM / 5.36% Cap Rate on Current Rents; Prime Bluff Park Location; 6 Units Renovated with In‑Unit Washer/Dryers
