Long Beach, CA 90813,1020 E 12th Street
Long Beach, CA 90813,1020 E 12th Street
Long Beach, CA 90813,1020 E 12th Street
11
See all 11 photos
$1,850,000
Est. payment /mo
Save
4 BD
4 BA
5,451 Sqft Lot
Active

1020 E 12th Street Long Beach, CA 90813

Save
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Tue
18
Feb
Wed
19
Feb
Thu
20
Feb

UPDATED:

02/05/2025 11:43 AM

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25017558

Bedrooms 4

HOA Y/N No

Lot Size 5,451 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

1020 E 12th St, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance/renovated - the property is currently operating at 6.24% cap rate and 11.03 GRM. All units are renovated with new floors, cabinets, appliances, fixtures and windows. All units are renting at or near market rents. The subject property is comprised of (8) 1Bed+1Bath units, 5 of which are rented to Sec. 8/A.F.H. - guaranteed income! 1020 E 12th St has plenty of parking, which collects $400/month in additional income. There is also a laundry room on site that collects income. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island. OM in supplements.
1020 E 12th St, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance/renovated - the property is currently operating at 6.24% cap rate and 11.03 GRM. All units are renovated with new floors, cabinets, appliances, fixtures and windows. All units are renting at or near market rents. The subject property is comprised of (8) 1Bed+1Bath units, 5 of which are rented to Sec. 8/A.F.H. - guaranteed income! 1020 E 12th St has plenty of parking, which collects $400/month in additional income. There is also a laundry room on site that collects income. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island. OM in supplements.

Location

State CA

County Los Angeles

Area Long Beach (90813)

Zoning Assessor

Building

Story 2

Lot Size Range 4000-7499 SF

Level or Stories 2 Story

Others

Monthly Total Fees $120

Acceptable Financing Cash, Conventional, Exchange, Land Contract

Space Rent $1,754

Listing Terms Cash, Conventional, Exchange, Land Contract


San Diego Regional MLS (SDMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc.

GET MORE INFORMATION

agent

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

Name
Phone*
Message

Go tour this home

1020 E 12th Street