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5711 E 2nd

Long Beach, CA 90803
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Bed 3

Bed

Bath 2

Bath

SqFt3,671

Sqft(Lot)

We are proud to present 5711 East 2nd Street, a boutique 8-unit multifamily property in the heart of Naples Island, one of Long Beach’s most exclusive waterfront enclaves and among the most supply-constrained residential submarkets in Southern California. Offered at $2,795,000, or $349,375 per unit, the asset pairs in-place cash flow with meaningful rental upside in a community defined by scarcity: a fully built-out cluster of canal-ringed islands where new multifamily supply is effectively nonexistent and renter demand is anchored by an irreplaceable waterfront lifestyle. The property sits on the 2nd Street corridor at Ravenna Drive, steps from the Naples canals and Alamitos Bay, roughly a mile from the Belmont Shore business district, and about a mile from 2nd & PCH, a newer Whole Foods– anchored open-air shopping and dining development. The property comprises seven one-bedroom units and one two-bedroom unit. In-place rents sit approximately 21% below the operator’s estimate of market, giving an incoming owner a clear runway to income growth as units are brought to market on turnover. Recent capital investment further de-risks the offering: the roof was professionally inspected and repaired in 2024 with an estimated ten years of remaining useful life, and the building’s electrical system was inspected and upgraded across 2024 and 2025. The property is currently master-metered for both gas and electric, presenting a potential opportunity for a new owner to explore submetering or a utility bill-back (RUBS) program as an additional lever for income growth, subject to feasibility. The on-site laundry facility is owned, adding an ancillary income stream that conveys with the property. For an investor, 5711 East 2nd Street offers a rare entry point into one of Long Beach’s most prestigious and expensive coastal addresses, a market where limited rental product serves a deep, affluent renter base, and the opportunity to capture embedded rent growth in one of Southern California’s most resilient waterfront rental markets.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $2,795,000

AD Id : 89632729

MLS Id : PW26180111

Beds : 3

Lot Size : 3,671 Sqft

Year Built : 1952

Garage : 1

County : Los Angeles

Subdivision: Grapeland

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Feature Features

  • Building Information

    Year Built: 1952
    Building Area Total: 3598
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 3671 Lot Size Acres: 0.0843 Lot Size Source: Assessor Lot Size Square Feet: 3,671 Lot Description: IrregularLot

    Property Information

    Subdivision: Naples (NA) Source Property Type: ResidentialIncome Property SubType: Apartment Property Age: 74

  • Listing Price Information

    Listing Price: $2795000
    Conventional

  • Tax Information

    Parcel Number: 7243001022 Tax Lot: 22 Tax Block: 12

  • Parking Information

    Parking Total: 2

    Garage Information

    Has Garage: Yes Garage Space: 1

  • Location Information

    Direction: Driving East on E. Livingston Dr., Turn Right onto E. 2nd St., Drive Straight, Property Will be on Your Left After Passing N. Ravenna Dr. WaterSource: Public
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ByOwner last updated this listing 08/18/2026 @ 14:31

MLS: PW26180111 LISTED BY: Christopher Walker, Triqor Group 949-756-3232 SOURCE: CRMLS

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