CA > Long Beach > Poly High (Ph)
Long Beach, CA 90806,1015 East 20th St
Long Beach, CA 90806,1015 East 20th St
Long Beach, CA 90806,1015 East 20th St
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$2,450,000
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0.25 Acres Lot
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1015 East 20th St Long Beach, CA 90806

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Bernadette "REALTOR IN RED" Somera

Bernadette "REALTOR IN RED" Somera

+1(619) 931-9854

UPDATED:

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Poly High (Ph)

MLS Listing ID SB25120396

HOA Y/N No

Year Built 1924

Lot Size 0.252 Acres

Property Sub-Type Apartment

Property Description

We are pleased to present the opportunity to acquire a well-performing 10-unit multifamily investment in the heart of Long Beach. Located at 1001–1015 E 20th Street, this asset offers a highly desirable mix of spacious 1, 2, and 3 bedroom units totaling approximately 9,641 rentable square feet on a 10,991 SF lot. This building has the lowest price per foot metric and the highest CAP rate metric on the market currently!! The building delivers immediate day-one cash flow with a current CAP rate of 7.33%, while significant upside remains through rental increases and a potential ADU addition via an existing structure. Pro forma projections push returns to a 9.27% CAP and over 21% cash-on-cash return. Additional features include gated parking lots for tenants and separate gas & electric meters, helping keep operating costs low. Property to be sold As-Is. Inquire for further details.

Location

State CA

County Los Angeles

Area 9 - Poly High

Interior

Fireplaces Type None

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 1.0

Garage Description 1.0

Pool None

Community Features Biking, Curbs, Golf, Urban

Total Parking Spaces 1

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7210021013

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc. • 310-447-2213

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Bernadette "REALTOR IN RED" Somera

Agent | License ID: 01377020

+1(619) 931-9854

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1015 East 20th St