1015 East 20Th St, Long Beach, CA 90806 - Berkshire Hathaway HomeServices California Properties
1015 East 20th St Long Beach, CA 90806
$2,450,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# SB25120396
List price is $2,450,000
HOA Fee is $0.00
Beds: 0
Baths: 0
None fireplaces
Built in 1924
2 stories
0.25 acres
Lot size: 0.2523
Subdivision: Poly High (PH)
County: Los Angeles
Lot description: ZeroToOneUnitAcre
MLS area: 9 - Poly High

Last Updated: 6/11/2025

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This listing belongs to the 9 - Poly High MLS area

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Lat/Long: 33.793780, -118.180220.
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Listing Agent: John Stiegler II
Co Listing Agent: Stephen Takahashi
Lic#: 01234982
Office Name: Mission Viejo

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