Movoto Real Estate
Sold on 07/21/2025

958 E 2nd St, Long Beach, CA 90802

  • $1,595,000

    Last sold 07/21/2025 after 122 Days

  • 4

    bed

  • 4

    bath

  • 3,296

    Sqft ($484/Sqft)

Multi-family not for sale
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About 958 E 2nd St

Property type Multi-family
Neighborhood
Year built 1922
HOA fee $0/month
Lot size 2,581 Sqft
Rental estimate
Property description
Unlock the potential of this charming 4-plex property with four spacious 1-bedroom, 1-bathroom units, ideally situated just steps from the beach in beautiful Long Beach. Whether you're looking to expand your portfolio or find a lucrative rental property, this gem offers exceptional value and prime positioning.Located just a short stroll from the beach, residents will enjoy easy access to coastal living, scenic views, and the laid-back California lifestyle. The property is within walking distance to the vibrant Belmont Shore area, known for its trendy shops, cafes, and entertainment venues, as well as the renowned Retro Row, famous for its eclectic mix of vintage shops and dining spots. With its proximity to the expanding Port of Long Beach, one of the busiest and most important ports in the world, this property offers strong rental demand, ideal for both long-term tenants and vacation rentals. As Long Beach continues to develop and the Port of Long Beach expands, this area is primed for even greater appreciation in property values and rental income potential. Each of the four 1-bed, 1-bath units offers comfortable living spaces, with plenty of room to make your own mark. This property has been lovingly maintained and is ready for its next owner. This rare opportunity combines a fantastic location with solid income potential and long-term growth. Don't miss out on this perfect blend of beachside charm and investment opportunity in one of Southern California's hottest real estate markets. Full Offering Memorandum in Documents.
Listed by
Listing Agent - Craig Miller
Listing Office - Wilshire Advisory Group, Inc
Source: The MLS mls logo
MLS#25513849 • last updated 8 months ago
Movoto checked The MLS for data 10 minutes ago
Overview
Levels/Style Two
MLS # 25513849
Type Residential Income
Status Active Under Contract
SqFt 3296
Lot Size (SqFt) 2581
Lot Size (Acres) 0.0593
Year Built 1922
Interior
Total # of Baths 4
Total # of Bedrooms 4
Exterior
Parking Desc On Street
Add'l Structures None, Balcony
Amenities / Utilities
Water Public
Water Heater Central Water Heater
Equipment Garbage Disposal, Freezer, Dishwasher, Washer, Range/Oven
Location
County Los Angeles
Waterfront Ocean
Zoning LBR4R
APN 7265-001-024
Multifamily Details
Tenant Pays Electricity, Gas
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2550
Unit 1: Projected Rent 2550
Unit 1: # Beds 1
Unit 4: # Beds 1
Unit 1: Rent 1625
Unit 2: Rent 1650
Unit 3: Rent 2275
Unit 4: Rent 2295
Unit 2: Furnished No
Unit 2: Projected Rent 2550
Unit 4: Projected Rent 2550
Unit 3: # Beds 1
Unit 2: # Beds 1
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 27540
Unit 2: Actual Rent 19800
Unit 3: Actual Rent 27300
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 19500
Total # Of Buildings 1
Net Operating Income 56954
Vacancy Rate 3%
Gross Income 94128
Gross Operating Income 91304
Gross Rent Multiplier 17.26
Total Annual Expenses 34350
We are not permitted to show value estimates for this property.
  • Aug 2025
    mls logo MLS # 25513849
  • Aug 22, 2025 Sold
    $1,595,000 (-1.8%)
  • Jul 21, 2025 Active
  • Mar 19, 2025 Listed
    $1,625,000 (+5.9%)
  • Apr 2022
    mls logo MLS # 22-122563
  • Apr 1, 2022 Sold
    $1,535,000 (+4.1%)
  • Feb 22, 2022 Pending
  • Jan 31, 2022 Listed
    $1,475,000 (+89.1%)
  • Aug 2015
    mls logo MLS # OC15138187
  • Aug 4, 2015 Sold
    $780,000
  • Jun 24, 2015 Listed
    $780,000
  • 958 E 2nd St
    $1.59M
  • Bixby Park
    $599K -6% y/y
  • 90802
    $495K 0% y/y
  • Long Beach
    $724K 0% y/y
No chart available
Statistics calculated by Movoto

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Source: GreatSchools.org © 2026. All rights reserved.

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  • 958 E 2nd St
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