The effects of the second-order neighbor interaction have been effective on the coherent localized waves and modulation instability spectrum. A coupled nonlinear Schr"{o}dinger equation is derived in the nonlinear left-handed electrical lattice, and the linear stability is used to formulate the modulation instability spectrum expression. Unstable modes are displayed to show symmetric lobes and increasing bandwidths under the influence of the neighbor coupling. The Benjamin-Feir instability has prospered in the network, and for weak perturbed wave numbers, the unstable modes increase. The numerical simulation is used to develop localized waves, including rogue waves with one crest and two humps, Akhmediev breathers, and other modulated structures. We notice that, for strong values of the perturbed wave number, an exponential growth of the continuous wave arises to confirm the fact that the nonlinear left-handed electrical lattice with coupling strength is opened to coherent localized waves. The long-lived nature of the obtained structures has also been demonstrated for specific times of propagation.