1015 East 20th St, Long Beach, CA 90806

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Glen Henderson

Premier Homes Team, a division of Big Block Realty

[email protected] +1(619) 889-7646

$2,450,000

Est. payment - /mo

6 Beds

4 Baths

0.25 Acres Lot

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Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25120396

Bedrooms 6

HOA Y/N No

Lot Size 0.252 Acres

Property Sub-Type Res Income 2-4 Units

Type of Financing Cash,Conventional

Property 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 10011015 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.
We are pleased to present the opportunity to acquire a well-performing 10-unit multifamily investment in the heart of Long Beach. Located at 10011015 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.

Location

State CA

County Los Angeles

Area Long Beach (90806)

Zoning Assessor

Building

Lot Description Curbs

Story 2

Level or Stories 2 Story

Others

Monthly Total Fees $458

Acceptable Financing Cash, Conventional

Space Rent $1,400

Listing Terms Cash, Conventional

CFD/Mello-Roos Fee $5, 500

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Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc.

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

1015 East 20th St Long Beach, CA 90806

Glen Henderson

Key Details

Location

Building

Others

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