Long Beach, CA 90813 1020 E 12th Street
$1,725,000
7 more
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Beds • 8
Baths • 8
SQFT • 4,698
Year Built • 1960
Home Details
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.
Presented By: Cameron Samimi with Lyon Stahl Investment Real Estate, Inc.; 310-259-7556
Interior Features for 1020 E 12th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 1020 E 12th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate6.78
Carport Y/NNo
CityLong Beach
Community FeaturesUrban
CountyLos Angeles
DirectionsOff Alamitos and Anaheim
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Expected Active Date 2025-01-27
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income167796.0
HOANo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional, Contract, Exchange1031
Lot Size Square Feet5451.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MobileHomeRemainsYNNo
Net Operating Income117007.0
New ConstructionNo
Number Of Units Total8
Operating Expense45755.0
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
Tax Lot3
Trash Expense0.0
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1960
Year Built SourceAssessor
ZoningLBR4R
Exterior for 1020 E 12th Street
Building Area Total4698.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.1251
Lot Size Area5451.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters8
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Justin Hughey
Price
$1,725,000
MLS#SB25017558
List Date
01/24/2025
Property Type
Multi-Family
Phone
(562) 818-1655
