$5,150,000
-$149,0001820 E 2nd, Long Beach CA 90802
Multi-Family (12 Units)
Property type
108 days
On market
$633
Price per sqft
5 cars
Garage
2025
Year built
8,273 sqft
Lot size
Open Houses
Overview
Price Improvement! Now Offered at $5,150,000. 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...
Listing provided by: Spencer Pabst DRE #01849377, Pabst, Kinney & Associates
Listing updated: May 4, 2026 at 06:17pm.
Last checked: Jun 4, 2026 at 02:01pm
Source: CRMLS #PW26035100
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | — | $3,200 | $38,400 | $3,200 | Unfurnished |
| 1 | 1 | 1 | — | $2,650 | $31,800 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,670 | $32,040 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,650 | $31,800 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,500 | $30,000 | $2,600 | Unfurnished |
| 1 | 1 | 1 | — | $2,700 | $32,400 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,450 | $29,400 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $2,650 | $31,800 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,635 | $31,620 | $2,700 | Unfurnished |
| 1 | 0 | 1 | — | $2,300 | $27,600 | $2,500 | Unfurnished |
| 1 | 1 | 1 | — | $2,650 | $31,800 | $2,700 | Unfurnished |
| 1 | 1 | 1 | — | $2,550 | $30,600 | $2,700 | Unfurnished |
# of Buildings: 2
# of Units Total: 12
Separate Electric Meters: 13
Separate Gas Meters: 12
Separate Water Meters: 1
Rent Control: No
Units Leased: 12
Total Actual Rent: $31,605
Financial Snapshot
Gross Rent Multiplier
13.3x
List Price / Annual Gross Rent
Cap Rate
7.5%
NOI / List Price
Gross Scheduled Income: $386,220
Operating Expense: $0
Net Operating Income: $386,220
Annual Operating Expenses
Electric: $0
Insurance: $0
Professional Management: $0
Trash: $0
Water / Sewer: $0
Interior
Cooling: None
Fireplace: None
Laundry: Inside
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Levels: Two
Common Walls: Two Common Walls Or More
Lot Features: Rectangular Lot
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 5
Parking Total: 5
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 7265020006
Additional Parcels: No
Tax Lot: 3
Subdivision: Alamitos Beach (AB)
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 1820 E 2nd, Long Beach, CA 90802. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$4,120,000
Total Interest
$5,254,833
Total Payment
$9,374,833
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$31,556
per month
Property History for 1820 E 2nd
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90802.
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