1021 E 12th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$1,325,000 USD
714-809-7608
1021 E 12th St, Long Beach, CA for Sale
$1,325,000 USD
Apartments - FOR SALE
1/14
null | 5.1% Cap Rate

1021 E 12th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • 4 bed front house
  • first time being sold in 31 years
  • parking for 7 + cars in big parking lot

OVERVIEW

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 5.1 CAP and 12.6 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!

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$379 USD /SF

# OF UNITS

5

PRICE/UNIT

$265,000

CAP RATE

5.1%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1910

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,800 SF

ZONING

LBR4R

APN/PARCEL ID

7274-006-008

ASK ABOUT THIS PROPERTY

Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

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Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.