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1021 E 12th St
For Sale $1,199,000
$1,199,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 6,802 Sq Ft
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!
Amenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $1,199,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1910 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7274006008 |
| MLS # | PW24250938 |
| Property ID | 291988248 |
| Lot Sqft | 6,802 |
| Zoning | LBR4R |
| Total Units | 5 |
| Days on Market | 369 |
| Original List Price | $1,325,000 |
| Date Updated | June 17, 2025 |
| Date Created | December 18, 2024 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | $8,629 | $0 |
| Net Income (Yr) | $ 67,306 |
Listing Provided By
Kristina Moore an agent of . Lic #01926377
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 17, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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Robert Crawford
REAL ESTATE AGENT