USACALong BeachAlamitos Beach (Ab)1820 E 2Nd

1820 E 2nd, Long Beach, CA

Name: 1820 E 2nd, For Sale in Long Beach - eXp Realty
Brand: Pabst, Kinney & Associates
SKU: PW26035100
Price: 5299000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$5,299,000

005

MLS® PW26035100

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 2

Approx. Age 2025

MLS® Number PW26035100

Property Address: 1820 E 2nd, Long Beach, CA, 90802

Average square foot calculated using Size range provided by listing agent.

Description

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 best-in-class finishes and modern building systems throughout. Currently operating at a 5.15% CAP rate and 13.72 GRM, the property offers immediate, stabilized cash flow. RUBS in place, with tenants responsible for their proportionate share of utilities—reducing operating expenses, improving NOI, and protecting ownership from rising utility costs. The offering includes five single-car garages and fully approved plans to construct two new 2-bedroom, 1-bath ADU units above the garages, providing a clear value-add opportunity. Upon completion of the ADUs, ownership can achieve an estimated 6.45% CAP rate. All units feature high-end interior renovations, including modern kitchens with European-style cabinetry, quartz countertops, Energy Star stainless steel appliances, designer lighting, and contemporary fixtures. Bathrooms have been fully upgraded with modern enclosures, plank flooring, and code-compliant mechanical improvements. Each unit includes in-unit washer/dryer, plank vinyl flooring, new doors and windows, ceiling fans, and fresh paint—creating a cohesive, upscale aesthetic throughout the property. Major capital improvements include new plumbing (water lines, waste lines, water heaters), upgraded electrical systems with subpanels and GFCI outlets, HVAC and ventilation improvements, and drought-tolerant landscaping. The building is separately metered for gas and electric, with high-efficiency lighting to minimize operating expenses. Additionally, a new owner can unlock substantial tax advantages through a cost segregation study, with an estimated $1, 379, 000 in depreciation within the first five years, compared to approximately $722, 590 under standard depreciation—representing an incremental benefit of roughly $660, 000. Located just two blocks from the beach, Millie Jean offers residents immediate access to the coastline while enjoying the walkability, lifestyle, and long-term desirability of Alamitos Beach. This is a rare opportunity to acquire a one-of-a-kind, fully modernized asset in a premier coastal submarket with strong current income, meaningful upside, and long-term appreciation potential.

MLS® NumberPW26035100

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry LevelInside, See Remarks

Exposure

Exterior

GarageYes

Approx. Age2025

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 17, 2026List Date

$5,299,000List Price

Home Appraisal

This property is estimated to sell between: $602,000 and $7,648,000.

Similar properties in this area sold on average for: $602,312

Expected to sell in 92 days. Similar properties sold in 94 days. This home has been on eXp Realty for 2 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

Commute

Starting Address

Destination Address

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