Property Details
About this Property
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!
MLS Listing Information
MLS #
CRPW24250938
MLS Source
California Regional MLS
Days on Site
3
Interior Features
Cooling
None
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Other, Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | 5 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1021 E 12th St is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 6,802 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,325,000 and was built in 1910. This address can also be written as 1021 E 12th St, Long Beach, CA 90813.
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This listing information is up-to-date as of December 20, 2024. For the most current information, please contact Kristina Moore, (714) 809-7608
