Description
1020 E 12th St, Long Beach is the ideal investmentopportunity for anyone looking for great cash-flowand low maintenance/renovated - the property iscurrently 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 rentingat or near market rents.The subject property is comprised of (8) 1Bed+1Bathunits, 5 of which are rented to Sec. 8/A.F.H. -guaranteed income! 1020 E 12th St has plenty ofparking, which collects $400/month in additionalincome. There is also a laundry room on site thatcollects income.Beneficial for the new owner, the property is locatedjust outside the $6 Billion of new development floodinginto Downtown Long Beach, including the Long BeachCivic Center, Aquarium, OceanAire Project, CSULBDowntown Village, Broadway Block and Queen MaryIsland. OM in supplements.
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0BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
1020 E 12th St, Long Beach is the ideal investmentopportunity for anyone looking for great cash-flowand low maintenance/renovated - the property iscurrently 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 rentingat or near market rents.The subject property is comprised of (8) 1Bed+1Bathunits, 5 of which are rented to Sec. 8/A.F.H. -guaranteed income! 1020 E 12th St has plenty ofparking, which collects $400/month in additionalincome. There is also a laundry room on site thatcollects income.Beneficial for the new owner, the property is locatedjust outside the $6 Billion of new development floodinginto Downtown Long Beach, including the Long BeachCivic Center, Aquarium, OceanAire Project, CSULBDowntown Village, Broadway Block and Queen MaryIsland. OM in supplements.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-04-29T20:33:38.157. 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 The Zia Group | eXp Realty. Licensed in the State of California, USA.