1021 E 12Th Street

Long Beach, CA 90813

$1,325,000

List Price

N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten / sqft

1910

calendar_month Built

Property 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!

Listing Information

List Price $1,325,000
Status Active
MLS PW24250938
Type Residential Income
Subtype Mixed Use
Year Built 1910
Lot Size 6,802
Structure Size N/A
Courtesy Of The Moore Group
Listing Agent Kristina Moore DRE#01926377

Interior Features

Laundry Information
Location(s) Laundry Room
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Fireplace Information
Features None
Cooling Type
Cooling Type None

Exterior Information

Maps

Listing information courtesy of: Kristina Moore, The Moore Group 7148097608. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 19th, 2024 at 12:43 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.