1020 E 12th Street

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 4,698 Sqft
  • 5451
    Sqft(Lot)
$1,850,000

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 Income
  • County

    Los Angeles
  • Style

    Residential Income
  • AD ID

    48450170

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer
  • Building Information

    • Year Built: 1960
    • Building Area Total: 4,698

    Pool Features

    • None

    Laundry Features

    • Inside
  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1251
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 5451
  • Listing Price Information

    • Original List Price: 1,850,000
    • Listing Contract Date: 2025-01-24

    Lease Information

    • Listing Agreement: Exclusive Right To Sell
  • Tax Information

    • Parcel Number: 7274007003
  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
  • 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.