958 E 2nd St 4 Unité Immeuble d’appartements 2 336 425 $ CAD (584 106 $ CAD/Unité) 3,50% Taux de capitalisation Long Beach, CA 90802

Situated in the heart of Alamitos Beach, 958 2nd Street presents an exceptional multi-family investment opportunity in one of Long Beach’s most sought-after rental markets. This four-unit property spans 3,296 square feet on a 2,581-square-foot lot, offering a prime location within walking distance to the beach, Belmont Shores, and Retro Row—three of the area’s most vibrant retail and entertainment hubs. With Long Beach experiencing consistently low vacancy rates (sub-4%), the demand for well-located, renovated rental units continues to outpace supply, positioning this asset for significant rent growth and long-term appreciation. The property boasts a Walk Score of 92, emphasizing its strong appeal to renters seeking a pedestrian-friendly lifestyle.
Requiring minimal deferred maintenance, this asset offers immediate upside through strategic renovations. Updated, modernized units in the surrounding area command 20-30% higher rents, presenting an opportunity to enhance NOI and investor returns. Additionally, the property benefits from strong connectivity to public transportation and major employment centers, making it highly attractive to Long Beach’s growing tenant base of professionals and students. With its trophy location, strong rental fundamentals, and limited supply of renovated multifamily assets, 958 2nd Street stands as a compelling value-add investment in a market poised for continued growth.