1021 E 12th Street
Long Beach, CA 90813
0.16 acres | #PW24250938
Description
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!
Property Details
- Lot DescriptionTwoToFiveUnitsAcre
- SubdivisionDowntown (DT)
- Property TypeMulti-Family
- Sewer InformationPublicSewer
- CountyLos Angeles
- Original List Price$1,325,000
- MLS #PW24250938
- MLS #PW24250938
- Property SubtypeMixedUse
- Cost1325000
- Acres0.1562
- Utility SourcePublic
- Year Built1910
- Stories2
Location
Legal
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Last Updated: . Source: CRMLS
Listing Courtesy
Listing Agent: Kristina Moore (#PWKRIMOO)
Listing Office: The Moore Group (#PB19491)
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