Property Details
About this Property
1020 E 12th St, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance/renovated - the property is currently 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 renting at or near market rents. The subject property is comprised of (8) 1Bed+1Bath units, 5 of which are rented to Sec. 8/A.F.H. - guaranteed income! 1020 E 12th St has plenty of parking, which collects $400/month in additional income. There is also a laundry room on site that collects income. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island. OM in supplements.
MLS Listing Information
MLS #
CRSB25017558
MLS Source
California Regional MLS
Days on Site
83
Interior Features
Appliances
Other
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 1 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Lincoln Elementary School | public | K-5 | 0.18 mi | |
| Polytechnic High School | public | 9-12 | 0.42 mi | |
| Roosevelt Elementary School | public | K-5 | 0.47 mi | |
| Franklin Classical Middle School | public | 6-8 | 0.55 mi | |
| Stevenson Elementary School | public | K-5 | 0.57 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.67 mi | |
| Whittier Elementary School | public | K-5 | 0.68 mi | |
| International Elementary School | public | K-5 | 0.70 mi | |
| Washington Middle School | public | 6-8 | 0.88 mi | |
| Alvarado Elementary School | public | K-5 | 0.89 mi | |
| Robinson Academy | public | K-8 | 0.89 mi | |
| Educational Partnership High School | public | 9-12 | 0.98 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.03 mi | |
| Burbank Elementary School | public | K-5 | 1.06 mi | |
| Burnett Elementary School | public | K-5 | 1.18 mi | |
| Signal Hill Elementary School | public | K-5 | 1.27 mi | |
| Edison Elementary School | public | K-5 | 1.28 mi | |
| Lee Elementary School | public | K-5 | 1.32 mi | |
| Willard Elementary School | public | K-5 | 1.38 mi | |
| Chavez Elementary School | public | K-5 | 1.45 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1020 E 12th St is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 5,451 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,725,000 and was built in 1960. This address can also be written as 1020 E 12th St, Long Beach, CA 90813.
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This listing information is up-to-date as of February 27, 2025. For the most current information, please contact Cameron Samimi
