1020 E 12TH STREET, LONG BEACH CA 90813
- 4,698 sq.ft.
- 5,451 sq.ft. lot
Property Description
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.
Listing Courtesy of Cameron Samimi, Lyon Stahl Investment Real Estate, Inc.
Exterior Features
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