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Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc.
$2,450,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB25120396
Year Built 1924
Lot Size 0.252 Acres
Source California Regional MLS
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 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.
Location
State CA
County Los Angeles
Area 9 - Poly High
Interior
Laundry Laundry Area
Exterior
Garage Spaces 1.0
Pool None
Building
Water District - Public
Others
Tax ID 7210021013
Special Listing Condition Not Applicable
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