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Pending
1015 East 20th St Long Beach, CA 90806
9,641 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 9,641 sqft
Price per Sqft $254
MLS Listing ID CRSB25120396
HOA Y/N No
Year Built 1924
Lot Size 0.252 Acres
Acres 0.25
Property Sub-Type Other
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. Buyer to verify any and all information.
Location
State CA
County Los Angeles
Interior
Fireplace No
Laundry Other
Building
New Construction No
Others
Tax ID 7210021013
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc.