Listed by Spencer Pabst, Pabst, Kinney & Associates, (562) 987-3244
1820 E 2nd St
Long Beach, CA 90802
Alamitos Beach
12 Beds
12 Baths
8,130 sqft
12 Beds
12 Baths
8,130 sqft
Local Information
© Google
-- mins to
Description
Price Improvement! Now Offered at $5,150,000.
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 high-end finishes and modern systems throughout.
100% leased and operating at a 5.35% CAP rate and 13.25 GRM, the property offers immediate cash flow. RUBS is 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 6.68% 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.
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 fully modernized, high-performing asset in a premier coastal submarket with strong in-place income and meaningful upside.
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 high-end finishes and modern systems throughout.
100% leased and operating at a 5.35% CAP rate and 13.25 GRM, the property offers immediate cash flow. RUBS is 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 6.68% 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.
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 fully modernized, high-performing asset in a premier coastal submarket with strong in-place income and meaningful upside.
Home Highlights
Parking
Garage
Outdoor
No Info
HOA
None
Price/Sqft
$633
Listed
92 days ago
Home Details for 1820 E 2nd St
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Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 12 |
Appliances & Utilities Laundry: Inside,See Remarks |
Heating & Cooling No CoolingAir Conditioning: None |
Fireplace & Spa Fireplace: NoneNo Fireplace |
Windows, Doors, Floors & Walls Common Walls: 2+ Common Walls |
Levels, Entrance, & Accessibility Stories: 2Number of Stories: 2Levels: TwoEntry Location: 1 |
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Exterior Home Features No Private Pool |
Parking & Garage Number of Garage Spaces: 5Number of Covered Spaces: 5Has a GarageParking Spaces: 5Parking: Garage |
Pool Pool: None |
Frontage Not on Waterfront |
Water & Sewer Sewer: Public Sewer |
Surface & Elevation Elevation Units: Feet |
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Cumulative Days on Market: 76Days on Market: 92 |
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Year Built Year Built: 2025 |
Property Type / Style Property Type: Residential IncomeProperty Subtype: Multi Family |
Building Not a New ConstructionAttached To Another StructureNo Additional Parcels |
Property Information Parcel Number: 7265020006 |
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Price List Price: $5,150,000Price Per Sqft: $633 |
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MLS Status: Active |
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Direction & Address City: Long BeachCommunity: Alamitos Beach (Ab) |
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Listing Agent Listing ID: PW26035100 |
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Building Area Building Area: 8130 Square Feet |
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Community Features: SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 8273 sqft |
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Special Conditions: Standard |
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Listing Terms: Cash, Cash to New Loan |
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No Rent Control |
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Mls Number: PW26035100Living Area Range Units: Square FeetAttribution Contact: 562-884-6875Common Interest: Community ApartmentUniversal Property Id: US-06037-N-7265020006-R-N |
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SidewalksSource Internet Entire Listing Display |
Last check for updates: about 8 hours ago
Listing Provided by: Spencer Pabst DRE #01849377, (562) 884-6875
Pabst, Kinney & Associates
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW26035100
Also Listed on CRMLS.
Price History for 1820 E 2nd St
| Date | Price | Event | Source |
|---|---|---|---|
| 05/04/2026 | $5,150,000 | PriceChange | CRMLS #PW26035100 |
| 02/17/2026 | $5,299,000 | Listed For Sale | CRMLS #PW26035100 |
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Comparable Sales for 1820 E 2nd St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.04 | Multi-Family Home | $4,400,000 | 09/29/25 | 8 | 21 | 9,662 | |
0.18 | Multi-Family Home | $2,150,000 | 05/19/26 | 12 | 8 | 4,971 | |
0.48 | Multi-Family Home | $3,325,000 | 05/12/26 | 11 | 13 | 7,906 | |
0.28 | Multi-Family Home | $3,100,000 | 10/20/25 | 9 | 11 | 4,688 | |
0.25 | Multi-Family Home | $1,925,000 | 11/21/25 | 12 | 17 | 5,840 | |
0.42 | Multi-Family Home | $2,550,000 | 12/05/25 | 12 | 10 | 10,401 | |
0.52 | Multi-Family Home | $2,480,000 | 08/13/25 | 12 | 10 | 7,045 | |
0.21 | Multi-Family Home | $2,100,000 | 11/11/25 | 7 | 7 | 5,014 | |
0.41 | Multi-Family Home | $1,775,000 | 05/01/26 | 10 | 10 | 5,477 | |
0.72 | Multi-Family Home | $1,850,000 | 12/22/25 | 11 | 11 | 6,087 |
Assigned Schools
These are the assigned schools for 1820 E 2nd St.
- Burbank Elementary School
- K-5
- Public
- 538 Students
7/10GreatSchools RatingParent Rating AverageBurbank is a sweet little neighborhood elementary school with talented teachers and a dedicated, impactful principal. My child’s educational development continues to improve year over year. This year they are building a new playground that looks awesome! Almost 100% of the teachers are certified and have over 3 years of experience. The pretty average rating the school receives year over year is reflective of the amount of students learning English and the fact that many of them are from low income, sometimes English learning families without all the resources that children in higher achieving schools have access to, and the extra hurdles those children have to overcome in order to succeed will inevitably be visible in standardized testing. It is not a reflection of the education and resources available at the school.Parent Review3y ago - Franklin Classical Middle School
- 6-8
- Public
- 991 Students
4/10GreatSchools RatingParent Rating AverageThis school is wild, but at least it's true. This school is a mix of backgrounds and personalities, which is both good, okay, and bad. Yes, this school has "dangers," but if you do something before it does, it would be so much safer. I say this because most students here want to deal with their issues themselves, but it ends up being a mess. This school is good if you make an effort to report things you see that may endanger someone else. This school does NOT mess around when they hear a student is struggling with something, or has an issue with someone (family, friends, peers), the school will help you. This school makes an effort to help students be safe and happy, but they can only do that IF you make an effort to tell a staff member that something is going on. This school makes an effort to make sure it's safe, friendly, non-toxic, and so much more, but they need students' help with reporting something before the issue gets worse. OH, and this school has a great education system, but you do have to remind ur student if they're struggling to ask for help! The teachers here will help you (yes, even the strict ones!).Student Review6mo ago - Polytechnic High School
- 9-12
- Public
- 3890 Students
7/10GreatSchools RatingParent Rating AverageLong Beach Poly is the pride and joy of Long Beach. It is a school that encourages the creativity and growth of its diverse student body from many different backgrounds. All teachers in every pathway are among the best you will ever find. From supporting nearly 4,100 students, all teachers are incredibly helpful and truly want their students to grow not just academically; but provide guidance for building character. All faculty and staff are kind, warm, and truly show what being a Jackrabbit is. Right when you walk into this school, you can tell how the student body and all staff are truly proud to be at Poly and be a Jackrabbit.Student Review5mo ago 
Check out schools near 1820 E 2nd St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Alamitos Beach
At least 382 Trulia users voted on each feature.
97 % Say it's dog friendly
96 % Say there are sidewalks
95 % Say it's walkable to restaurants
77 % Say it's walkable to grocery stores
65 % Say people would walk alone at night
64 % Say streets are well-lit
62 % Say neighbors are friendly
61 % Say car is needed
60 % Say there's holiday spirit
49 % Say they plan to stay for at least 5 years
38 % Say there's wildlife
38 % Say yards are well-kept
33 % Say kids play outside
30 % Say there are community events
30 % Say it's quiet
10 % Say parking is easy
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
LGBTQ Local Legal Protections
Spencer Pabst, Pabst, Kinney & Associates
Agent Phone: (562) 884-6875
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
1820 E 2nd St, Long Beach, CA 90802 is a 12 bedroom, 12 bathroom, 8,130 sqft multi-family built in 2025. 1820 E 2nd St is located in Alamitos Beach, Long Beach. This property is currently available for sale and was listed by CRMLS on Feb 17, 2026. The MLS # for this home is MLS# PW26035100.