$5,299,000

1820 E 2nd, Long Beach, CA 90802

  • 5 beds |
  • 4 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon8,272sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 1 month ago

Property Description

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 Beachs 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 utilitiesreducing 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, including modern kitchens with European-style cabinetry, quartz countertops, Energy Star stainless steel appliances, designer lighting, and contemporary fixtures. Bathrooms have been fully upgraded with modern enclosures, plank flooring, and code-compliant mechanical improvements. Each unit includes in-unit washer/dryer, plank vinyl flooring, new doors and windows, ceiling fans, and fresh paintcreating a cohesive, upscale aesthetic throughout the property. Major capital improvements include new plumbing (water lines, waste lines, water heaters), upgraded electrical systems with subpanels and GFCI outlets, HVAC a

Listing Status:
Active
Date Added:
February 17, 2026
Data Last Updated:
April 2, 2026 at 11:13PM
Listing Office:
Pabst, Kinney & Associates : 562-987-3244
Listing Agent:
Spencer Pabst : 562-884-6875
MLS ID:
PW26035100
  • A/C: N/K
  • Pool: N/K
  • General: 2 Story
  • Originating MLS: California Regional MLS
  • County: Los Angeles
  • Zoning: Seller7265020006
  • Source: California Regional MLS

This listing courtesy of Spencer Pabst , Pabst, Kinney & Associates

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

B

Burbank Elementary School

501 Junipero Ave, Long Beach, CA, 90814

Grades KG-5

0.52 miles away

F

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.69 miles away

R

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

1.39 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

320 7th Street, Seal Beach, CA 90740
Multi-Family Home For Sale

$4,299,000

  • 5 bed |
  • 4 bath
320 7th Street Seal Beach, CA 90740

#PW25270055 - Triqor Group