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$1,625,000

Beds
4
sq ft
3,296

958 E 2nd St, Long Beach, CA 90802

958 E 2nd St

Long Beach, CA 90802

  • 14 days on market
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.

Details

Property type

Est. home value

$1,524,607

Lot size

2,581 sq ft

Price per sq ft

$494

Year built

1922

HOA

No

Price History

03/19/2025
CLAW

CLAW #25513849

Listed
$1,625,000
+5.86%
04/01/2022
CLAW

CLAW #22122563

Sold
$1,535,000

Schools & Community

Neighborhood: 

Alamitos Beach

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$411,869
Asking price
$1,625,000
Closing costs (~8% of asking)
-$130,000
Est. remaining loan balance
-$1,083,131
Cash to seller
$411,869

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Wells Fargo Bank Na

Loan start date

March 2022

Original loan amount

$1,151,250

Est. remaining balance

$1,083,131

Interest rate

3.55%

Loan type

New Conventional, 30 year

Seller

Mickel M Arias

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 04/03/2025 at 4:45 PM

Listing updated: 04/02/2025 at 9:01 PM

Listed by: Craig Miller, Wilshire Advisory Group, Inc Phone #: (310) 202-9008

MLS: CLAW #25513849

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