1021 E 12th Street
Long Beach, CA, 90813
$1,275,000
Beds
0 Baths
SqFt
0.16 Acres
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5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.1 CAP and 12.6 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!

Property Details

Price:
$1,275,000
MLS #:
PW24250938
Status:
Active
Baths:
0
Address:
1021 E 12th Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Downtown DT
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Dec 18, 2024
State:
CA
ZIP:
90813
Lot Size:
6,802 sqft / 0.16 acres (approx)
Year Built:
1910
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Interior

Cooling
None
Fireplace Features
None
Heating
Wall Furnace

Exterior

Community Features
Suburban
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Asphalt
Parking Spots
7.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public

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Tenant Pays
Electricity, Gas

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Community

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Rover IDX
1021 E 12th Street
Long Beach, CA