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 6.06% 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.
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:
$1,850,000
MLS #:
SB25017558
Status:
Active
Baths:
0
Address:
1020 E 12th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
699notdefined
City:
Long Beach
Listed Date:
Jan 24, 2025
State:
CA
ZIP:
90813
Lot Size:
5,451 sqft / 0.13 acres (approx)
Year Built:
1960
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Spots
0.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1020 E 12th Street Long Beach CA
- Area699 – Not Defined
- CityLong Beach
- CountyLos Angeles
- Zip Code90813
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.1020 E 12th Street
Long Beach, CA
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