Skip To Content

1021 E 12 Street , #1

Long Beach, CA 90813
  • $1,299,000
  • STATUS: Active
  • ON SITE: 23 Days
  • ID#: PW24022008
UPDATED: 16 min ago
$1,299,000
  • 0
    BEDS
  • 0.16
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1910
County:

School Ratings & Info

Listing Agent(s): Woody Stahl of Lyon Stahl Investment Real Est (310-425-9838) and Brett Lyon of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)


Description

1021-1023 E 12th Street is a well-positioned 5-Unit property on a large 6,800 SF lot in Long Beach. The property features (2) buildings total: (1) 4-Bed/2-Bath 1,398 SF front house and a separate 2,100 SF building in the back with (4) 1-Bed/1-Bath units, generating $8,325/mo in gross rental income.Currently operating at a CAP rate of 4. 91% with Market CAP of 7.06%, this property provides any investor huge upside potential through renovations/rent increases. It is also strategically located, offering easy access to Alamitos Beach, 4th Street Corridor, and Belmont Heights.With its premier location, current income, and rental upside, 1021-1023 E 12th Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T08:29:51.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
www.housesforsalesocal.com/homes/147098295
Print Image

1021 E 12 Street , #1 Long Beach, CA 90813

  • Price: $1,299,000
  • Status: Active
  • On Site: 23 Days
  • Updated: 16 min ago
  • ID#: PW24022008
0
Beds
0
Baths
0
½ Baths
0.16
Acres
1910
Built
Neighborhood:
4 - Downtown Area, Alamitos Beach
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
1021-1023 E 12th Street is a well-positioned 5-Unit property on a large 6,800 SF lot in Long Beach. The property features (2) buildings total: (1) 4-Bed/2-Bath 1,398 SF front house and a separate 2,100 SF building in the back with (4) 1-Bed/1-Bath units, generating $8,325/mo in gross rental income.Currently operating at a CAP rate of 4. 91% with Market CAP of 7.06%, this property provides any investor huge upside potential through renovations/rent increases. It is also strategically located, offering easy access to Alamitos Beach, 4th Street Corridor, and Belmont Heights.With its premier location, current income, and rental upside, 1021-1023 E 12th Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.
Exterior Features

Entry Level 1 Entry Location 1 Lot Features 2-5 Units/Acre Number Of Separate Electric Meters 5 Open Parking Spaces 5 Parking Total 5 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Cap Rate 4.91 Common Interest None Community Features Biking Fuel Expense 0 Garage YN No Gross Income 96903 Gross Scheduled Income 99900 Insurance Expense 3498 Land Lease YN No Laundry Features Washer HookupGas Dryer Hookup Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Conventional Maintenance Expense 2997 Net Operating Income 63750 New Construction YN No New Taxes Expense 16463 Number Of Separate Gas Meters 1 Number Of Separate Water Meters 1 Operating Expense 33153 Other Expense 4000 Property Sub Type Mixed Use Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Trash Expense 0 Vacancy Allowance 2997 Water Sewer Expense 0 Water Source Public Zoning LBR4R



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-02-23T08:29:51.853. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Lori Thompson | Coldwell Banker Realty. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372353956-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372353956-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_2_372353956-2.jpg
Logo
Lori Thompson | Coldwell Banker Realty
19440 Goldenwest Street
Huntington Beach CA, 92648
Listing Agent(s): Woody Stahl of Lyon Stahl Investment Real Est (310-425-9838) and Brett Lyon of Lyon Stahl Investment Real Estate, Inc.(310-425-9838)