$1,325,000
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1021 12th Street Long Beach, CA 90813
Mixed Use
Residence
Beds
Baths
3,498
Sq. Ft.
0.16
Acre
Lot
Property Activity
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days
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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 addit...ional 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!
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MLS#
PW24250938
Property Type
Mixed Use
Status
Year Built
1910
Square Feet
3,498
sq. ft
Lot Size
0.16
Stories
2.0
Sewer
Public Sewer
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