8-Unit Apartment
For Sale
$2,795,000
5711 E 2nd, Long Beach, CA 90803
Boutique multifamily property with a seven-to-one-bedroom and two-bedroom unit mix near Naples canals and Alamitos Bay.
Property Size3,598 SF
Days on Market14
Property Features for 5711 E 2nd
General Information
Standard status
Active
Size
3,598 SF
Property subtype
Apartment
Units
Unit Mix
7 x 1BR, 1 x 2BR
Multifamily Units
8
Additional Details
Asking Price
$2,795,000
Amenities
on-site laundry
Building Details
Building Size
3,598 SF
Year Built
1952
Buildings
1
Listing Agency:
Triqor Group
Listed By:
Christopher Walker · License #01905338
Source:
Velocityrealtysd
Added: Aug 17
Changed: Aug 22
Last Checked: Aug 29 at 4:30PM
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 Triqor Group
Investment Insights
Based on property information with market context.
Built in 1952, this 8-unit apartment property includes seven one-bedroom residences and one two-bedroom residence. The building has an owned laundry facility, while gas and electric service are currently master-metered. In-place rents are approximately 21% below the operator’s market estimate. The roof underwent professional inspection and repairs in 2024, with an estimated ten years of remaining useful life, and the electrical system was inspected and upgraded during 2024 and 2025.
The property is positioned along 2nd Street at Ravenna Drive in Long Beach’s Naples Island area. The Naples canals and Alamitos Bay are nearby, with the Belmont Shore business district approximately one mile away. The 2nd & PCH shopping and dining development, anchored by Whole Foods, is also about one mile from the property.
The property is positioned along 2nd Street at Ravenna Drive in Long Beach’s Naples Island area. The Naples canals and Alamitos Bay are nearby, with the Belmont Shore business district approximately one mile away. The 2nd & PCH shopping and dining development, anchored by Whole Foods, is also about one mile from the property.
Key Highlights
- 8‑unit apartment property with seven one‑bedroom units and one two‑bedroom unit
- In‑place rents approximately 21% below the operator’s estimate of market
- Roof inspected and repaired in 2024; estimated ten years of remaining useful life
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Location Intelligence
Trade Area within ½ mile
1,388
Businesses Nearby
Explore this area
Business Placement
Demographics for 90803, CA
32,192
Population
18,516
Households
1.7
Avg Household Size
46
Median Age
61%
College-Educated
95%
High-School Grad
4.1 sq mi
ZIP Area
7,852
Density / Sq Mi
$111,500
Median Household Income
$73,944
Median Earnings
$2,073
Median Rent
$1,138,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Apartment building - Boutique multifamily property with a seven-to-one-bedroom and two-bedroom unit mix near Naples canals and Alamitos Bay.
Where is this apartment building located?
The property is located at 5711 E 2nd Long Beach, CA.
What is the asking price?
The asking price for this property is $2,795,000.
What are key features of this property?
This property features: 8‑unit apartment property with seven one‑bedroom units and one two‑bedroom unit; In‑place rents approximately 21% below the operator’s estimate of market; Roof inspected and repaired in 2024; estimated ten years of remaining useful life
