1020 12th, Long Beach CA 90813 | $1,724,000
Listing provided courtesy of Cameron Samimi of Lyon Stahl Investment Real Estate, Inc.. Last updated 2025-05-24 08:14:45.000000. Listing information © 2025 SANDICOR.
1020 E 12th St, Long Beach is the ideal investment
opportunity for anyone looking for great cash-flow
and low maintenance/renovated - the property is
currently operating at 6.78% Cap Rate and 10.28 GRM.
All units are renovated with new floors, cabinets,
appliances, fixtures and windows. All units are renting
at or near market rents.
The subject property is comprised of (8) 1Bed+1Bath
units, 5 of which are rented to Sec. 8/A.F.H. -
guaranteed income! 1020 E 12th St has plenty of
parking, which collects $400/month in additional
income. There is also a laundry room on site that
collects income.
Beneficial for the new owner, the property is located
just outside the $6 Billion of new development flooding
into Downtown Long Beach, including the Long Beach
Civic Center, Aquarium, OceanAire Project, CSULB
Downtown Village, Broadway Block and Queen Mary
Island. OM in supplements.
More Details
0.13 Acres
2 Stories
