1021 E 12th Street, Long Beach, CA, US, 90813
1021 E 12th Street, Long Beach, CA, US, 90813Basics
- Date added: Added 1日 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 6802, 6802 sq ft
- Year built: 1910
- Subdivision Name: Downtown (DT)
- Zoning: LBR4R
- County: Los Angeles
- MLS ID: PW24250938
Description
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Description:
REDUCED PRICED TO SELL TODAY!!! FIRST TIME BEING SOLD IN 31 YEARS! 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 5.8 CAP and 13 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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Location
- Directions: Alamitos and 12th
- Lot Size Acres: 0.1562 acres
Building Details
- Water Source: Public
- Lot Features: TwoToFiveUnitsAcre
- Open Parking Spaces: 7
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 0
- Levels: Two
- Number Of Buildings: 2
Amenities & Features
- Pool Features: None
- Parking Features: Asphalt,Driveway
- Parking Total: 7
- Cooling: None
- Fireplace Features: None
- Heating: WallFurnace
- Laundry Features: LaundryRoom
Expenses, Fees & Taxes
- Trash Expense: 0
- Insurance Expense: 0
- Water Sewer Expense: 0
Miscellaneous
- List Office Name: The Moore Group
- Listing Terms: CashToNewLoan
- Common Interest: None
- Community Features: Suburban
- Attribution Contact: 7148097608