1021 E 12TH STREET, LONG BEACH CA 90813
- 3,498 sq.ft.
- 6,800 sq.ft. lot
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 $7,791/mo in gross rental income. Currently operating at a CAP rate of 4.06% with Market CAP of 6.32%, 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.
Listing Courtesy of Woody Stahl, Lyon Stahl Investment Real Est
raj qsarCEO | Owner |
- cell 714.412.5019
- office 949.612.2535
Based on information from California Regional Multiple Listing Service, Inc. as of September 8, 2023. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.