1021 E 12th Street Long Beach, CA 90813
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Monthly Payment (Est.)$6,082
1021-1023 E 12th Street is a well-positioned 5-Unit property on a large 6,800 SF lot in Long Beach. The property features (2) buildings total: (1) 4-Bed/2-Bath 1,398 SF front house and a separate 2,100 SF building in the back with (4) 1-Bed/1-Bath units, generating $7,791/mo in gross rental income. Currently operating at a CAP rate of 4.32% with Market CAP of 6.70%, this property provides any investor huge upside potential through renovations/rent increases. It is also strategically located, offering easy access to Alamitos Beach, 4th Street Corridor, and Belmont Heights. With its premier location, current income, and rental upside, 1021-1023 E 12th Street is an outstanding opportunity for investors looking for a value-add opportunity in the Harbor Area.
|a month ago||Listing updated with changes from the MLS|
|2 months ago||Price changed to $1,333,000|
|3 months ago||Listing first seen online|