2325 E. 2nd Street Long Beach, CA 90803

2325 E. 2nd Street is an 11-unit apartment asset located in Prime Bluff Park, Long Beach. The property is offered at 11.9 GRM and 5.36% cap rate on current rents. Assumable financing is available at 3.47% until October 1, 2026. The building in the front of the property was built in 1923, and offers (4) 1BD/1BA units. The building in the rear of the property was built in 1964, and offers (4) 1BD/1BA units; (1) 2BD/1BA unit; and (2) studio units. One of the studio units is non-conforming. Six (6) of the units have been renovated and feature in-unit washer/dryers. Building improvements include double-pane windows and upgraded electrical. On-site laundry provides current income. Four (4) garages also provide income and are permitted for (2) ADUs. 2325 E. 2nd Street is located in the desirable Bluff Park neighborhood with convenient access to the beach and all the best of coastal living.