Listed By:
Ryan Gonzalez with Lyon Stahl Investment Real Est; ryan.gonzalez@lyonstahl.com
Address
2067 E Broadway, Long Beach, CA
Price
$ 3,700,000
Property Attributes
  • MLS#PW26079807
  • TypeMulti-Family
  • Listing Status Active Under Contract
  • CountyLos Angeles
  • CityLong Beach
  • Area Downtown Area, Alamitos Beach
  • NeighborhoodAlamitos Beach (AB)
  • Zip90803
  • Style
  • Year Built1954
  • Price$ 3,700,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage8156
  • Lot Size0.17 Acres
Data Source:
California Regional MLS (CRMLS)
Property Description

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.

Price History
4/14/2026 Listed $3,700,000

General Features

Sewer Public Sewer
Heating Radiant
Garage Spaces 2
Pool Features None
Year Built 1954
Property Subtype Apartment
Gross Income 314677
Community Features Biking,Curbs,Dog Park,Park,Street Lights,Urban
County Los Angeles
Net Operating Income 190759
Operating Expense 114799
Insurance Expense 3457
New Construction false
Property Type Residential Income
Subdivision Name Alamitos Beach (AB)
Garage Y/N true
Special Listing Conditions Standard
Status Active Under Contract
Directions Broadway & Junipero
City Long Beach
Entry Location 1
Senior Community Y/N false
Number Of Units Total 16
MLS Area 4 - Downtown Area, Alamitos Beach
Lot Size Units Square Feet
Lot Size Square Feet 7406
Number of Units Leased 16
Listing Terms Cash,Cash to New Loan
Property Attached Y/N true
Land Lease Y/N false
Electric Expense 3457
Fuel Expense 3457
Trash Expense 3458
Water Sewer Expense 3458
Additional Parcels Y/N false
Rent Control Y/N false
Building Area Units Square Feet
Standard Status Active Under Contract
Year Built Source Public Records
Tax Lot 8
Property Sub Type Additional Apartment
Cap Rate 5.16
PostalCity LONG BEACH

Interior Features

Total Stories 2
Common Walls 2+ Common Walls
Heating Y/N true
Laundry Features Common Area
Entry Level 1

Exterior Features

Water Source Public
Total Parking 2
Lot Size Area 7406
Number of Buildings 1
Building Area Total 8156
Lot Size Acres 0.17
Private Pool false
Lot Size Source Assessor
Number of Separate Water Meters 1
Number of Separate Gas Meters 17
Number of Separate Electric Meters 17

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 90803

Price
AVG $2.8M
$3.7M
Year Built
AVG 1947
1954

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