5711 E 2Nd St, Long Beach, CA

Name: 5711 E 2Nd St, For Sale in Long Beach - eXp Realty
Brand: Triqor Group
SKU: PW26180111
Price: 2795000 USD

Condo

For Sale

Listed price in listed location currency (USD).

$2,795,000

002

MLS® PW26180111

Key Facts
Description
Map

Key Facts

Type Apartment

Levels Residential Income

Size -

Garage Yes

HOA Fees

Taxes

Days Active 50

Approx. Age 1952

MLS® Number PW26180111

Property Address: 5711 E 2nd St, Long Beach, CA, 90803-5049

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberPW26180111

Locker

Ensuite Laundry

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageYes

Approx. Age1952

Stories2

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 17, 2026List Date

$2,795,000List Price

Home Appraisal

This property is estimated to sell between: $637,000 and $3,874,000.

Similar properties in this area sold on average for: $637,666

Expected to sell in 24 days. Similar properties sold in 74 days. This home has been on eXp Realty for 50 days.

The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.

Commute

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Starting Address

Destination Address

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