Est. cap rate

2.7%

Assumed rent, all units

$7,580/mo

Units

2

Price per unit

$832,500

Est. annual NOI

$45,480

Expense assumption

50%

Estimates only, based on HUD Fair Market Rents (a conservative 40th percentile floor) and a standard 50% operating expense assumption. Not a guarantee of income or value. Ask Alex for a pro forma using comparable rent data.

Run your own numbers

Adjust the assumptions to see cash flow and cash on cash return.

Illustration only, using a 30 year loan and your assumptions above. Not a loan offer, financial advice, or a guarantee. Confirm financing and actual rents independently.

Property details

Type

Duplex

Bedrooms

4

Bathrooms

3

Building size

1,953 sqft

Lot size

3,011 sqft

Year built

1948

Stories

2

Garage spaces

3

Cooling

Wall/Window Unit(s)

Pool

None

View

Neighborhood

Status

Active

Days on market

1

MLS #

245994718

About this property

A rare opportunity on Naples Island, this beautifully updated duplex combines two distinct residences, excellent parking and a prime coastal location just moments from Mother’s Beach and the shops, restaurants and waterfront lifestyle of 2nd Street. It offers a great setup for an owner-user, multi-generational living or an investment property with two separate living spaces. The single-level front residence features 2 bedrooms and 1 bath with a bright, open floor plan, updated kitchen, stainless steel appliances and a fireplace in the main living area. The upper rear residence offers 2 bedrooms and 2 baths with its own distinctive style, featuring vaulted wood ceilings, abundant natural light, an open living space and two balconies. A shared laundry room serves both residences, while separate electric meters provide added convenience. Three garage bays accommodate approximately four vehicles, offering valuable off-street parking in this highly desirable coastal neighborhood. Located close to the beach, marina, waterfront recreation and everything Naples Island and Belmont Shore have to offer, 5829 E 2nd Street presents a unique opportunity to enjoy the property as a primary residence while generating additional income, accommodate extended family, or hold as a long-term investment in one of Long Beach’s most sought-after neighborhoods.

Location

5829 E 2nd

Long Beach, Los Angeles, CA, 90803