3517 E 2nd

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3517 E 2nd

Long Beach, CA 90803
Asking Price
$2.30M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

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

  • Multifamily asset currently available for purchase in Long Beach
  • Building structure contains a total of three apartment units
  • Asking price for the residential property is $2,298,000
  • Located within the 90803 zip code of coastal California
  • Positioned in a dense urban market with consistent rental demand

What's Special

This multifamily property is available for sale, presenting a logical acquisition for investors seeking to expand their residential holdings in a established coastal submarket. Situated at 3517 E 2nd in Long Beach, California, the asset consists of three apartment units. Long Beach maintains a robust rental market supported by its proximity to major Southern California employment hubs, diverse transportation networks, and a dense residential population. The property serves as a stable residential investment, well-suited for a buyer looking to manage a manageable unit count within a high-demand urban environment. Its location offers accessibility to local amenities and the Pacific coastline, which continue to drive consistent demand for apartment living in the area. This building represents a direct opportunity to secure a residential asset in a primary metro market.

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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.19%
Monthly Payment
$11,369.25
Annual Cash Flow
$-56,431.002

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