90802 Homes with Apartment Subtype

90802 Homes with Apartment Subtype

Located in the vibrant city of Long Beach, California, the zip code 90802 offers a diverse range of real estate options. Situated in Los Angeles County, this area is known for its beautiful coastal scenery, thriving community, and convenient access to a variety of amenities.

For those seeking a home with an apartment subtype, 90802 has plenty to offer. Whether you're looking for a spacious apartment within a multi-unit complex or a single-family home with a separate apartment unit, you'll find a variety of options to suit your needs.

Homes with apartment subtypes provide a unique opportunity for homeowners. Not only do they offer additional living space for extended family members or guests, but they can also serve as a potential income source through rental opportunities.

In 90802, these homes with apartment subtypes are ideal for those who value flexibility and versatility. Whether you're a young professional looking to offset your mortgage with rental income or a homeowner who wants the convenience of a separate living space, these properties offer endless possibilities.

With its prime location in Long Beach, residents of 90802 can enjoy a vibrant coastal lifestyle. From nearby sandy beaches to trendy restaurants and shops, there is always something to explore and experience in this thriving city.

If you're in the market for a home with an apartment subtype, 90802 is an area worth considering. With its desirable location, diverse real estate options, and endless amenities, this zip code offers a fantastic opportunity to find your dream home.

Newest 90802 Homes with Apartment Subtype

1820 E 2nd, Long Beach
$5,095,000
PW26035100 MLS ⋅ Active Status
One of the finest buildings in Long Beach! Now Offered at $5,095,000 with Seller Financing Considered. 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, delivering essentially new construction with high-end finishes and modern systems throughout. 100% leased and operating at a 5.52% CAP rate and 12.92 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 6.82% 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, 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, 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.

1820 E 2nd, Long Beach

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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