• 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/355acd1b-7482-42aa-8df1-fdcf087b4b92.jpg
  • 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/24115307-dcb5-4134-a893-5d1c83c2500b.jpg
  • 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/9b0ccc53-76fa-4e7c-95f7-c3b4d896990e.jpg
  • 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/48c57012-13d2-44ea-bbf3-d7a79ed5719d.jpg
  • 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/4f4629b5-67ed-42f8-b3ac-2d1f1cc6e998.jpg
  • 1021 E 12th Street, Long Beach CA: https://media.crmls.org/medias/f35eb70f-e97c-4aab-b829-327b791020a3.jpg

1021 E 12th Street, Long Beach, CA 90813

| 3,498 SQ/FT

Offered at $1,199,000

REDUCED PRICED TO SELL TODAY!!! FIRST TIME BEING SOLD IN 31 YEARS! 5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.8 CAP and 13 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!