Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc..
1020 E 12th Street
Long Beach, CA 90813-
Est. Payment/ mo
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 6.78% cap rate and 10.28 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.
PROPERTY DETAILS
- Price $1,724,000
- Price / Sq Ft $316
- Bldg/Unit Size (Sq Ft) 5,449
- Building Units 8
- Land/Lot Size (Sq Ft) 5,449
- Property Type Residential Income
- Floors / Stories 2
- Year Built 1960
- MLS Number SB25017558
- Days on Market 91
CONSIDER SIMILAR LISTINGS
DISCLAIMERS, ANCILLARY INFO, DISCLOSURES & OTHER LEGAL STUFF
Listing provided courtesy of: Lyon Stahl Investment Real Estate, Inc.. 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. Based on information from California Regional MLS. 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. © 2025 by California Regional MLS. All rights reserved. Listing last updated on 04/29/2025 17:36:31
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