3704 E 2nd St - Apartments FOR SALE


Long Beach, CA 90803- Belmont Heights
$1,750,000 USD
562-896-1473
3704 E 2nd St, Long Beach, CA for Sale
$1,750,000 USD
Apartments - FOR SALE
1/15
null | 3.42% Cap Rate

3704 E 2nd St
Long Beach, CA 90803
Belmont Heights


HIGHLIGHTS

  • Two (2) two-bedroom, one-bath units
  • One (1) three-bedroom, one-bath unit
  • Three (3) on-site garages
  • Fully occupied - Strong upside in rents
  • Upstairs deck fully remodeled (2025)
  • On-site community laundry

OVERVIEW

Rare Portfolio Offering – Portfolio or Individual Sales Considered. Once-in-a-generation opportunity to acquire well-located, income-producing property in Belmont Heights. 3704 E. 2nd Street features a strong operating history, long-term investment appeal, and desirable unit mixes. Ideal for an owner-user, or investment. -Fully occupied -Three (3) total residential units -Two (2) two-bedroom, one-bath units -One (1) three-bedroom, one-bath unit -Three (3) on-site garages with parking space in front -Upstairs deck fully remodeled (2025) -On-site community laundry The offering includes: 3704 East 2nd St & 127–129 Grand Ave., Long Beach, CA 90803 (3 units); 3637 Ocean Blvd., Long Beach, CA 90803 (8 units); 108–110 Redondo Ave., Long Beach, CA 90803 (7 units)

FOR SALE DETAILS

PRICE

$1,750,000 USD

PRICE/SF

$542 USD /SF

# OF UNITS

3

PRICE/UNIT

$583,333

CAP RATE

3.42%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

127-129 Grand Avenue

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1922

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,485 SF

ZONING

LBR4R

APN/PARCEL ID

7256-005-022

ASK ABOUT THIS PROPERTY

Spencer FlynnFlynn Investments IncMore Info
562-896-1473

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Spencer FlynnFlynn Investments IncMore Info
562-896-1473

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.