Description
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.
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0BEDS
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0.16ACRES
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0BATHS
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01/2 BATHS
School Ratings & Info
Description
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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2023-12-05T09:29:09.46. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Twiss Realty Group - Brokered by EXP. Licensed in the State of California, USA.