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20343246
20343254

1001 E 20th St, Long Beach, CA 90806 For Sale

JS
01981597
Lyon Stahl Investment Real Estate
ST
CA 01944770
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate
$1,500,000
647 days on market
Updated 86 days ago
Opportunity zone

1001 E 20th St Long Beach, 90806

Details
APN 7210-021-012
Property Type Multifamily
Sub Type Apartment Building
Net Rentable (SqFt) 4,675
Units 6
Cap Rate 6.26%
NOI $93,949
Pro-Forma Cap Rate 7.30%
Pro-Forma NOI $109,486
Price per SqFt $321
Year Built 1924
Buildings 1
Stories 2
Lot Size (SqFt) 4,236
Zoning LBR1N

Multifamily | 6 Units | $250,000/unit

Marketing description

Unlock the potential of this 6-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious (2) 1 bed +1 bath units as well as (4) 2 bed + 1 bath units, this well-maintained building can be sold together or separately, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!

Investment highlights

  • 2 separate buildings - 10,991 sqft lot

  • 4 Unit - 1985 Construction

  • 6 Unit - 1924 Construction

  • Can be sold separately or together

  • ADU Potential - 2 gated parking lots on site

Listing Contacts

JS
01981597
Lyon Stahl Investment Real Estate
ST
CA 01944770
Lyon Stahl Investment Real Estate
Listed by Lyon Stahl Investment Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$93,949.00
$7,829.08/mo

Valuation Metrics

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DSCR
6.26%
Cap Rate
6.26%
ROI

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Property History

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