3065 2nd Street

• Strong Unit Mix
• Highly Sought After Unit Type
• Additional Income
• Desirable Location (Walking Distance to the Beach)

Property Description

3065 E 2nd Street is a 5 unit apartment building located in Long Beach, California. Constructed in 1968, the subject property contains 6,050 rentable square feet which is located on a 6,746 square foot lot. The building consists of one (1) 2 bed + 1 bath units, (2) two 2 bed + 1.5 bath units, and two (2) 4 bed + 2 bath units, while also providing private garages. The property offers economically friendly units that are perfect for the working-class individuals that value being centrally located to all business sectors of Downtown Long Beach, Alamitos Beach, and Downtown Los Angeles. The building also offers four bedroom units which attracts families or groups of professionals who are willing to pay a premium for the extra space and privacy. Families and individuals seeking larger spaces often have a need for stability and may be more inclined to stay for longer periods. This can reduce turnover and associated costs such as advertising, cleaning, and repairs. Long Beach has provided a historically strong tenant occupancy, which makes filling vacancies effortless. The City of Long Beach attracts a diverse population of tenants due to its strong growing economy, plethora of music festivals, cultural celebrations, and sporting events. The property offers a strong unit mix that includes both 2 bedroom and 4 bedroom units, This balance of unit types provides a wider range of options for prospective tenants, allowing the property to appeal to a broader pool of renters. The central location of the property in Long Beach further adds to its appeal, providing tenants with convenient access to various amenities and attractions. In the case of 3065 E 2nd Street, the property offers private garages for parking and storage, which can be a significant selling point for tenants. The location of the property, in an area where parking is a rarity, further adds to the value of the private garages. Tenants may be willing to pay a premium for the convenience and security of private parking and storage, which can help to increase the profitability of the property. The property is well-maintained and managed, with a focus on providing a comfortable and welcoming environment for residents. The location of the property in the vibrant city of Long Beach ensures that residents have easy access to a wide range of amenities, including dining, shopping, entertainment, and recreational opportunities. Overall, the combination of a well-maintained property, a balanced unit mix, additional parking, and a central location make 3065 E 2nd Street an attractive investment opportunity for those looking to invest in a multi-family property in Long Beach, California.