1021 E 12th Street, Long Beach, CA 90813 - Berkshire Hathaway HomeServices California Properties

1021 E 12th Street, Long Beach, CA 90813

$1,199,000 Approx. USD 0 beds, 0 baths

Listing Agent


Kristina Moore | kristinamooreproperties@gmail.com
Lic#: 01926377
Broker: Courtesy of The Moore Group

Agent Remarks

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!

Listing Details

Property type: Apartment (Multi-Family)
Status: Active
MLS# PW24250938
List price is $1,199,000 Reduced by $76,000 on 4/10/2025
Price: $1,199,000
Beds: 0
Baths: 0
None fireplaces
Built in 1910
2 stories
0.16 acres
Lot size: 0.1562
Subdivision: Downtown (DT)
County: Los Angeles
Zoning: LBR4R
Parking description: Asphalt,Driveway
Lot description: TwoToFiveUnitsAcre
Heating/cooling: None
Heating description: Wall Furnace
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 5/23/2025

 Days On Market (DOM): 178

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

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Lat/Long: 33.781907, -118.180165.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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