$3,700,000
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. 2067 E Broadway was built in 1954 and consists of 16 units across 8,156 square feet of rentable space. The well-balanced unit mix includes (1) 2 Bed / 2 Bath, (1) 2 Bed / 1.5 Bath, (12) 1 Bed / 1 Bath, and (2) Studios. The property has recently received new flooring, new electrical panels and fresh paint, offering immediate appeal for both tenants and investors. 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.
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Listed by Ryan Gonzalez with Lyon Stahl Investment Real Est (310) 425-9838
Property Type
Apartment
Status
Active
MLS Number
PW26079807
Year Built
1954
Lot Size
7,405 sq ft