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$ 4,600,000
Est. payment | /mo
7,431 Sqft Lot
$ 4,600,000
Est. payment | /mo
7,431 Sqft Lot
Key Details
Property Type Apartment
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW26079820
HOA Y/N No
Year Built 1946
Lot Size 7,431 Sqft
Property Sub-Type Apartment
Property Description
We are pleased to present two exceptionally located multifamily investment opportunities in the highly desirable Alamitos Beach neighborhood of Long Beach, CA. The properties, situated side by side at 2067 and 2075 E Broadway, offer an irreplaceable location overlooking Bixby Park along one of the most sought-after corridors in the city—just blocks from the beach and surrounded by vibrant dining, shopping, and entertainment.
2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value.
The properties boast a Walk Score of 92 (“Walker's Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor's nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County.
Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.
2075 E Broadway, built in 1946, consists of 20 well-appointed units totaling 11,424 rentable square feet. The mix is comprised of (6) 1 Bed / 1 Bath units and (14) Studios. Like its neighbor, this property benefits from recent cosmetic upgrades including new flooring, new electrical panels and paint, enhancing its rentability and long-term value.
The properties boast a Walk Score of 92 (“Walker's Paradise”), placing residents within steps of trendy restaurants, boutique shopping, coffee houses, and entertainment venues. Nearby attractions include the Long Beach Museum of Art, Shoreline Village, Alamitos Beach, and the Broadway Corridor's nightlife and dining scene. Tenants also enjoy convenient access to major employment hubs, Downtown Long Beach, and freeway connectivity to greater Los Angeles and Orange County.
Together, 2067 and 2075 E Broadway represent a rare portfolio acquisition in one of the most desirable and supply-constrained rental markets in Southern California. With strong in-place fundamentals, upside potential, and an unmatched location, these properties present a phenomenal opportunity for a new buyer seeking to expand their portfolio in a high-demand coastal market.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Interior
Fireplace No
Laundry Common Area
Exterior
Pool None
Community Features Biking, Curbs, Park, Sidewalks, Urban
Private Pool No
Building
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7263007041
Energy Description 2404.0
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Lease Land No
Listed by Ryan Gonzalez Lyon Stahl Investment Real Est [email protected], DRE #01874815
NEARBY SCHOOL & BUSINESS
22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA
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