1021 East 12th Street
$1,325,000
8
6
3,498
3,498
$379
New
Description
5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.1 CAP and 12.6 X GROSS! This is great investment...5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.1 CAP and 12.6 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!
- Listed by Kristina Moore • DRE #01926377 • Brokerage DRE #01926377 • The Moore Group • 7148097608
Property Details for 1021 East 12th Street
Parking Spaces Total
7
Private PoolNo
Cooling TypeNone
Total Units5.0
Building TypeAttached
Lot Size SourceAssessor
Living Area3498
Assessor Parcel Number7274-006-008
LISTING UPDATED: 12/18/2024 08:32 AM
Property Details for 1021 East 12th Street
Status | Active |
---|---|
MLS # | PW24250938 |
Days on Market | Listed Today |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1910 |
Lot Size | 0.16 AC / 6,802 SF |
County | Los Angeles County |
Building Information for 1021 East 12th Street
Stories2Residences-Year Built1910Building Size-Lot Size0.16 AC / 6,802 SF
Property Information for 1021 East 12th Street
Property History for 1021 East 12th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1021 East 12th Street
Taxable ValueLand$183,283Additions$156,678Total$339,961
Tax Record2024$5,290 ($441 / month)
Home Facts
Total Finished SqFt3,498 SqFtAbove Grade Finished SqFt3,498 SqFtLot Size6,801 SqFtStyleMulti-Family Res (5+ Units)Year Built1910ZoningLBR4RCountyLOS ANGELESAPN7274-006-008
Schools near 1021 East 12th Street
This home is within Long Beach Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Lincoln Elementary School PublicK to 5 | ||
Franklin Classical Middle School Public6 to 8 | ||
Polytechnic High School Public9 to 12 | ||
Clear Passage Educational Center Charter9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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