3517 E 2nd Long Beach, CA 90803
Well-maintained triplex with two- and one-bedroom residences arranged around a private courtyard with pool and spa.
Property Features for 3517 E 2nd
General Information
- Standard status
- Active
- Size
- 3,636 SF
- Property subtype
- Investment
Building Details
- Year Built
- 1929
Listing office RE/MAX Real Estate Specialists (949) 922-2291
Listing date Jun 18, 2026
Source Elliman
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Investment Insights
Based on property information with market context.
The asset is located in Long Beach’s Bluff Park Historic District, approximately two blocks from the Pacific Ocean. The setting provides walkable access to Bluff Park, the beach, and a collection of restaurants, cafes, and boutiques along Broadway. Belmont Shore’s shopping and dining district is also described as conveniently close, supporting a coastal, amenity-oriented lifestyle.
This configuration can suit an owner-occupant seeking supplemental income or an investor looking for an architectural multi-family asset with multiple independently sized residences. With off-street parking and a private courtyard setting featuring pool and spa, the property is designed to support tenant comfort while maintaining an attractive, distinctive curb presence consistent with its Spanish-style design.
Key Highlights
- Spanish‑style triplex built in 1929 with two front 2‑bedroom residences and one rear 1‑bedroom residence
- Approx. 1,455 SF for each 2‑bedroom unit and approx. 726 SF for the 1‑bedroom unit
- Two structures arranged around a private central courtyard with a pool and spa
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $117.8k | $32.40 |
| − Vacancy | −$6.1k | −$1.68 |
| EGI | $111.7k | $30.72 |
| − OpEx | −$33.5k | −$9.21 |
| NOI | $78.2k | $21.50 |
