1820 E 2nd, Long Beach, CA 90802

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Wine Country Group
1820 E 2nd,Long Beach, CA 90802
$5,095,000
  • - 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:$5,095,000
  • Price per sq. ft.:$626.69

About this home

One of the finest buildings in Long Beach! Now Offered at $5,095,000. 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 5.52% CAP rate and 12.92 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 6.82% CAP...

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Home facts

  • Year built:2025
  • Subdivision & Development:Alamitos Beach (AB)
  • Listing ID #:PW26035100
  • Added:219 day(s) ago
  • Updated:September 25, 2026 at 11:29 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:$5,095,000
  • Price per sq. ft.:$626.69

Features and amenities

  • Laundry features:Inside

Parking

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