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.
Property Type
Residential IncomeCounty
Los AngelesStyle
Residential IncomeAD ID
48450170
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Property Details
-
Interior Features
Water/Sewer
- Water Source : Public
- Sewer : Public Sewer
-
Exterior Features
Building Information
- Year Built: 1960
- Building Area Total: 4,698
Pool Features
- None
Laundry Features
- Inside
-
Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.1251
- Lot Size Source: Assessor
- Lot Size Square Feet: 5451
-
Listing Information
Listing Price Information
- Original List Price: 1,850,000
- Listing Contract Date: 2025-01-24
Lease Information
- Listing Agreement: Exclusive Right To Sell
-
Taxes / Assessments
Tax Information
- Parcel Number: 7274007003
-
Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
-
School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active
- Source Neighborhood: 699 - Not Defined
- Directions: Off Alamitos and Anaheim
- Zoning: LBR4R
- Source Property Type: Residential Income
- Area: 699 - Not Defined
- Property SubType: Apartment
Building and Construction
- Property Age: 65
- Common Walls: 2+ Common Walls
- Structure Type: Apartment
- Year Built Source: Assessor
- Entry Level: 1
- Entry Location: 1
- Property Attached: Yes
- Levels or Stories: Two
- Building Total Stories: 2
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BuyOwner last updated this listing 02/27/2025 @ 18:54
- MLS: SB25017558
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Home, with 0 bedrooms which is for sale, it has 4,698 sqft, 5,451 sized lot, and 0 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home are nearby neighborhoods.