Long Beach, CA 90813 1021 E 12th Street
$1,199,000
1 more
Presented By: Kristina Moore with The Moore Group; 7148097608
Beds • 4
Baths • 2
SQFT • 3,498
Year Built • 1910
Home Details
REDUCED PRICED TO SELL TODAY!!! FIRST TIME BEING SOLD IN 31 YEARS! 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 5.8 CAP and 13 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!
Presented By: Kristina Moore with The Moore Group; 7148097608
Interior Features for 1021 E 12th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesLaundryRoom
Total Stories2
Other Rooms
Entry Level1
General for 1021 E 12th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSuburban
CoolingNone
CountyLos Angeles
DirectionsAlamitos and 12th
Electric On Property Y/NNo
Entry LocationFRONT DOOR
Garage Spaces0.0
Garage Y/NNo
Gross Income103548.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCashToNewLoan
Lot Size Square Feet6802.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income67306.0
New ConstructionNo
Number Of Units Total5
Number of Units Leased5
Open Parking Spaces7.0
Operating Expense36242.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameDowntown (DT)
Tax Lot8
Tenant PaysElectricity, Gas
Total Actual Rent8629.0
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1910
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1021 E 12th Street
Building Area Total3498.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre
Lot Size Acres0.1562
Lot Size Area6802.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters5
Number of Separate Gas Meters5
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAsphalt, Driveway
Private PoolNo
SpaNo
Total Parking7.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,199,000
MLS#PW24250938
List Date
12/18/2024
Property Type
Multi-Family
Phone
(562) 818-1655
