1015 East 20th St

Long Beach, CA 90806

  • 0 Bed(s)
  • 0 Bath(s)
  • 9,641 Sqft
  • 10991
    Sqft(Lot)
$2,450,000

Description

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.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49993535

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Property Details

  • Bathroom Information

    • Total Baths: 0

    Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

    Interior Features

    • Fireplace: None

    Fireplace

    • Fireplace Features: None
    • Has Fireplace: 0

  • Building Information

    • Year Built: 1924
    • Building Area Total: 9,641

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.2523
    • Lot Size Source: Public Records
    • Lot Size Square Feet: 10991

  • Listing Price Information

    • Original List Price: 2,450,000
    • Listing Contract Date: 2025-05-29

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7210021013

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 9 - Poly High
    • Directions: 20th St & MLK
    • Source Property Type: Residential Income
    • Area: 9 - Poly High
    • Property SubType: Apartment

    Building and Construction

    • Property Age: 101
    • Common Walls: No Common Walls
    • Structure Type: Apartment
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 06/21/2025 @ 11:07

  • MLS: SB25120396
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 9,641 sqft, 10,991 sized lot, and 1 parking. are nearby neighborhoods.