1021 E 12TH STREET, LONG BEACH CA 90813
- 3,498 sq.ft.
- 6,800 sq.ft. lot
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 $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
Interior Features
Exterior Features
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