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1820 E 2nd, Long Beach, CA 90802

Long Beach
Local realty services provided by:CENTURY 21 Coastal Properties
1820 E 2nd,Long Beach, CA 90802
$5,299,000
  • - Beds
  • - Baths
  • 8,130 sq. ft.
  • Multi-family
  • Active
Listed by: spencer pabst
Office: pabst, kinney & associates
MLS#:PW26035100
Source:CRMLS

Price summary

  • Price:$5,299,000
  • Price per sq. ft.:$651.78

About this home

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 best-in-class finishes and modern building systems throughout. Currently operating at a 5.15% CAP rate and 13.72 GRM, the property offers immediate, stabilized cash flow. RUBS 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 6.45% CAP rate. All units feature high-end interior renovations,...

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Home facts

  • Year built:2025
  • Listing ID #:PW26035100
  • Added:46 day(s) ago
  • Updated:April 05, 2026 at 10:31 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:$5,299,000
  • Price per sq. ft.:$651.78

Features and amenities

  • Laundry features:Inside

Parking

  • Total parking spaces:5
  • Garage:Yes
  • Garage spaces:5
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