1015 East 20th St
Long Beach, CA, 90806
$2,450,000
Beds
0 Baths
SqFt
0.25 Acres
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We are pleased to present the opportunity to acquire a well-performing 10-unit multifamily investment in the heart of Long Beach. Located at 1001–1015 E 20th Street, this asset offers a highly desirable mix of spacious 1, 2, and 3 bedroom units totaling approximately 9,641 rentable square feet on a 10,991 SF lot. This building has the lowest price per foot metric and the highest CAP rate metric on the market currently!! The building delivers immediate day-one cash flow with a current CAP rate of 7.33%, while significant upside remains through rental increases and a potential ADU addition via an existing structure. Pro forma projections push returns to a 9.27% CAP and over 21% cash-on-cash return. Additional features include gated parking lots for tenants and separate gas &#38' electric meters, helping keep operating costs low. Property to be sold As-Is. Inquire for further details. Buyer to verify any and all information.

Property Details

Price:
$2,450,000
MLS #:
SB25120396
Status:
Active Under Contract
Baths:
0
Address:
1015 East 20th St
Type:
Residential Income
Subtype:
Apartment
Subdivision:
Poly High PH
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
May 29, 2025
State:
CA
ZIP:
90806
Lot Size:
10,991 sqft / 0.25 acres (approx)
Year Built:
1924
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1015 East 20th St
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