1020 E 12th Street, Long Beach, CA 90813 - Berkshire Hathaway HomeServices California Properties

1020 E 12th Street, Long Beach, CA 90813

$1,724,000 Approx. USD 0 beds, 0 baths

Listing Agent


Cameron Samimi | teamsamimi@lyonstahl.com
Lic#: 02035763
Broker: Courtesy of Lyon Stahl Investment Real Estate, Inc.

Agent Remarks

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 6.78% cap rate and 10.28 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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25017558
Price: $1,724,000
Beds: 0
Baths: 0
Built in 1960
2 stories
0.13 acres
Lot size: 0.1251
County: Los Angeles
Zoning: LBR4R
Lot description: ZeroToOneUnitAcre
MLS area: 699 - Not Defined

Last Updated: 4/28/2025

 Days On Market (DOM): 99

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This listing belongs to the 699 - Not Defined MLS area

Lat/Long: 33.781424, -118.180149.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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