Long Beach, CA 90806 1015 East 20th St
$2,450,000
2 more
Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213
Beds • 1
Baths • 1
SQFT • 9,641
Garage • 1
Year Built • 1924
Home Details
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.
Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213
Interior Features for 1015 East 20th St
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace FeaturesNone
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesCommonArea
Total Stories2
Other Rooms
Entry Level1
General for 1015 East 20th St
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate7.0
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, Golf, Urban
CountyLos Angeles
Directions20th St & MLK
Electric Expense0.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense0.0
Garage Spaces1.0
Garage Y/NYes
Gross Income255144.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense11569.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet10991.0
Lot Size UnitsSquareFeet
MLS Area9 - Poly High
MobileHomeRemainsYNNo
Net Operating Income177420.0
New ConstructionNo
Number Of Units Total10
Number of Units Leased10
Operating Expense69672.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NamePoly High (PH)
Tax Lot11
Total Actual Rent263040.0
Trash Expense1200.0
Water Sewer Expense6000.0
Year Built1924
Year Built SourceAssessor
Exterior for 1015 East 20th St
Building Area Total9641.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesZeroToOneUnitAcre
Lot Size Acres0.2523
Lot Size Area10991.0
Lot Size SourcePublicRecords
Number of Buildings2
Number of Separate Electric Meters10
Number of Separate Gas Meters10
Number of Separate Water Meters2
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Justin Hughey
Price
$2,450,000
MLS#SB25120396
List Date
05/29/2025
Property Type
Multi-Family
Phone
(562) 818-1655
