2718 E 2nd, Long Beach, California 90803, Long Beach, 90803 - 0 bed, 0 bath
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Long Beach, California 90803
This Classic Belmont Heights Quadruplex is a Prime Investment Opportunity listed at $2,400,000—positioned well below the $2,514,317 Fair Market Value by 4%. This valuation gap offers $114,317 in Instant Equity. Each massive 1,400 sq. ft. unit maintains a Condition Rating of 3, featuring 9-foot ceilings, hardwood floors, and extensive system upgrades including new plumbing and electrical. With five garages and proximity to the 9/10 rated Lowell Elementary, this asset balances high rental demand with long-term stability. It is an ideal acquisition for Buy-and-Hold Investors or Owner-Occupants.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 2718 E 2nd Subject | $2,000,000* List Price | 0 | 0 | 5,580 | $358 | - |
A 221 Belmont Pending | $2,100,000 List Price | 0 | 0 | 5,336 | $394 | 0.9 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although built in 1925, the property is in good condition due to extensive capital improvements including a replaced concrete foundation, new copper plumbing, new electrical wiring, and a new heating system. The units maintain high-end vintage appeal with original hardwood floors and crown molding, and are described as professionally managed and move-in ready. It falls short of 'excellent' only because it lacks a modern cooling system and the kitchen/bathrooms appear to be well-maintained vintage rather than recently fully renovated to modern standards.
Elementary School: Lowell Elementary School (9/10).
The property features a replaced concrete foundation, new copper plumbing, new electrical wiring, and a new heating system, significantly reducing immediate capital expenditure and long-term maintenance risks for investors.
Each 1,400 sq. ft. unit offers high-end vintage appeal with 9-foot ceilings, crown molding, and hardwood floors, providing a size and aesthetic that commands premium rental rates in a competitive market.
Despite major system upgrades, a structure built in 1925 requires ongoing specialized care and may present aesthetic or structural challenges inherent to century-old properties.
The absence of a modern cooling system may be a drawback for some tenants, potentially impacting the property's competitive edge and maximum rent potential during warmer months.
ELECLETIC 4 PLEX IN PRIME AREA. PROFESSIONALLY MANAGED AND MAINTAINED. ALL UNITS ARE 2 BEDROOM ONE BATH, 1400 SQ FT EACH, LIVING ROOM, DINNING ROOM, INSIDE LAUNDRY, HARDWOOD FLOORS, BREAKFAST NOOK IN KITCHEN, 9FT CEILINGS WITH CROWN MOLDING, PATIO, COMMON AREA BACK YARD, 5 SINGLE CAR GARAGES, PROPERTY HAS HAD CONCRETE FOUNDATION REPLACED, NEW COPPER PLUMBING, NEW ELECTRICAL WIRING, NEW F/F HEATING SYSTEM
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 0.6 mi
Grades K-5 • 1.0 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 5,580 | 2,261.5 | 96% |
| Lot Size | 8,245 | 3,058.5 | 96% |
| Price | $2.00M | $1.61M | 88% |
| Price per sq ft | $358 | $769 | 4% |
| Built year | 1925 | 1944 | 19% |
| HOA | $0 | $0 | 50% |
| Days on market | 90 | 135 | 23% |
May 24, 2026
$2,000,000
$2,200,000
-9% Price Drop
Initial Listing
Apr 4, 2026
$2,200,000
$2,400,000
-8% Price Drop
Initial Listing
Mar 8, 2026
$2,400,000
Initial Listing