3409 E 2nd Street

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3409 E 2nd Street

Long Beach, CA 90803
Asking Price
$2.88M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building available for sale in Long Beach
  • Asset consists of four total residential dwelling units
  • Property is situated at 3409 E 2nd Street
  • Asking price for the apartment complex is 2,885,000 dollars
  • Investment located within the 90803 coastal California submarket

What's Special

This multifamily property is available for purchase and presents an investment option for those seeking a value-add or stabilized asset in the coastal Long Beach market. Located at 3409 E 2nd Street, this apartment building features four individual units. Long Beach maintains a diverse economic base and high demand for residential housing, bolstered by its proximity to major Southern California employment hubs and regional transit corridors. The asset is suited for investors looking to expand their portfolio within the 90803 ZIP code, a neighborhood known for its walkability and access to local amenities. Given the unit count, this building provides a manageable scale for private equity buyers or long-term holders aiming to benefit from the ongoing rental growth observed throughout the greater Los Angeles metropolitan area. Its strategic positioning within the community supports sustained tenant interest, making it a functional addition to a variety of residential investment strategies.

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NOI
$80,000
Cap Rate
2.77%
DSCR
0.47
Underwater
Cash-on-Cash
-10.55%
Monthly Payment
$14,273.406
Annual Cash Flow
$-91,280.871

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