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1020 E 12th St
For Sale $1,724,000
$1,724,000
- Unknown Bedrooms
- Unknown Bathrooms
- Unknown Sq Ft
- 5,451 Sq Ft
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.
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 | $1,724,000 |
| Property Type | Condo/Co-Op |
| Usable Sqft | Unknown |
| Number of Stories | 2 stories |
| Parking Spots | 0 spots |
| Year Built | 1960 |
| Last Sold | Unknown |
| Sold Price | Unknown |
| APN # | 7274007003 |
| MLS # | SB25017558 |
| Property ID | 291988329 |
| Lot Sqft | 5,451 |
| Zoning | LBR4R |
| Total Units | 8 |
| Days on Market | 332 |
| Original List Price | $1,850,000 |
| Date Updated | May 19, 2025 |
| Date Created | January 24, 2025 |
Listing Provided By
Cameron Samimi an agent of . Lic #02035763
© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of May 19, 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