Long Beach, CA 90813,1020 E 12th ST
Long Beach, CA 90813,1020 E 12th ST
Long Beach, CA 90813,1020 E 12th ST
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$1,850,000
Est. payment /mo
5,449 Sqft Lot
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UPDATED:

02/04/2025 10:44 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25017558

HOA Y/N No

Year Built 1960

Lot Size 5,449 Sqft

Property Sub-Type Apartment

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBR4R

Interior

Fireplace No

Laundry Inside

Exterior

Pool None

Community Features Urban

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7274007003

Acceptable Financing Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, Contract, 1031 Exchange

Special Listing Condition Standard


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California Regional MLS (CRMLS)
Listed by Cameron Samimi • Lyon Stahl Investment Real Estate, Inc. • 310-259-7556

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agent

Todd McIntosh

+1(310) 770-8626

Agent | License ID: 01472763

Agent License ID: 01472763

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