Unlock the potential of this 6-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious (2) 1 bed +1 bath units as well as (4) 2 bed + 1 bath units, this well-maintained building can be sold together or separately, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!
Property Details
Price:
$1,760,000
MLS #:
SB24211287
Status:
Active
Baths:
0
Address:
1001 20th Street
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Eastside ES
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Oct 4, 2024
State:
CA
ZIP:
90806
Lot Size:
4,236 sqft / 0.10 acres (approx)
Year Built:
1924
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Schools
Interior
Exterior
Community Features
Sidewalks, Urban
Garage Spaces
0.00
Lot Features
Rectangular Lot
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Map
Community
- Address1001 20th Street Long Beach CA
- Area3 – Eastside, Circle Area
- SubdivisionEastside (ES)
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
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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 2024. California Regional Multiple Listing Service. All rights reserved.
1001 20th Street
Long Beach, CA
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