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 &' electric meters, helping keep operating costs low. Property to be sold As-Is. Inquire for further details.
Property Details
Price:
$2,450,000
MLS #:
SB25120396
Status:
Active
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
See this Listing
Mortgage Calculator
Schools
Interior
Fireplace Features
None
Exterior
Community Features
Biking, Curbs, Golf, Urban
Garage Spaces
1.00
Lot Features
0-1 Unit/ Acre
Parking Spots
1.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
Map
Community
- Address1015 East 20th St Long Beach CA
- Area9 – Poly High
- SubdivisionPoly High (PH)
- CityLong Beach
- CountyLos Angeles
- Zip Code90806
Similar Listings Nearby
- 1101 Cherry Avenue
Long Beach, CA$3,175,000
1.14 miles away
- 2747 E Ocean Boulevard
Long Beach, CA$3,100,000
2.41 miles away
- 1271 E 7th Street
Long Beach, CA$2,995,000
1.28 miles away
- 2370 Lime Avenue
Long Beach, CA$2,995,000
0.48 miles away
- 753 Cerritos
Long Beach, CA$2,990,000
1.21 miles away
- 1133 Hoffman Avenue
Long Beach, CA$2,875,000
0.92 miles away
- 2619 Chestnut Avenue
Long Beach, CA$2,799,000
1.19 miles away
- 4426 N Lakewood Boulevard
Long Beach, CA$2,799,000
3.79 miles away
- 310 W 8th Street
Long Beach, CA$2,795,000
1.49 miles away
- 102 Argonne Avenue
Long Beach, CA$2,750,000
3.45 miles away

1015 East 20th St
Long Beach, CA
LIGHTBOX-IMAGES