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1820 E 2nd, Long Beach, CA 90802

Long Beach
Local realty services provided by:CENTURY 21 Experience
1820 E 2nd,Long Beach, CA 90802
$5,150,000
  • - Beds
  • - Baths
  • 8,130 sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates562-987-3244
MLS#:PW26035100
Source:CRMLS

Price summary

  • Price:$5,150,000
  • Price per sq. ft.:$633.46

About this home

Price Improvement! Now Offered at $5,150,000. Introducing Millie Jean — a completely reimagined 12-unit apartment community located at 1820 E. 2nd Street in the heart of Alamitos Beach, one of Long Beach’s most desirable coastal neighborhoods. This turn-key asset has undergone a full, permitted renovation down to the studs, delivering essentially new construction with high-end finishes and modern systems throughout. 100% leased and operating at a 5.35% CAP rate and 13.25 GRM, the property offers immediate cash flow. RUBS is in place, with tenants responsible for their proportionate share of utilities—reducing operating expenses, improving NOI, and protecting ownership from rising utility costs. The offering includes five single-car garages and fully approved plans to construct two new 2-bedroom, 1-bath ADU units above the garages, providing a clear value-add opportunity. Upon completion of the ADUs, ownership can achieve an estimated 6.68% CAP rate. All units...

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Home facts

  • Year built:2025
  • Listing ID #:PW26035100
  • Added:98 day(s) ago
  • Updated:May 27, 2026 at 10:44 AM

Rooms and interior

  • Living area:8,130 sq. ft.

Structure and exterior

  • Year built:2025
  • Building area:8,130 sq. ft.
  • Lot area:0.19 Acres
  • Lot Features:Rectangular Lot
  • Levels:2 Story

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$5,150,000
  • Price per sq. ft.:$633.46

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:5
  • Garage:Yes
  • Garage spaces:5
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Experience is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Experience, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Peter Gottuso

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