1015 E 20th St
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1015 E 20th St
4 Unit Apartment Building $1,500,000 ($375,000/Unit) 5.07% Cap Rate Long Beach, CA 90806
Investment Highlights
- 2 separate buildings - 10,991 sqft lot
- 6 Unit - 1924 Construction
- ADU Potential - 2 gated parking lots on site
- 4 Unit - 1985 Construction
- Can be sold separately or together
Executive Summary
Unlock the potential of this 4-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious 2 and 3-bedroom units, this well-maintained building can be sold separately or together, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,500,000 | Apartment Style | Low Rise |
| Price Per Unit | $375,000 | Building Class | C |
| Sale Type | Investment | Building Size | 4,966 SF |
| Cap Rate | 5.07% | No. Stories | 2 |
| Gross Rent Multiplier | 13.19 | Year Built | 1985 |
| No. Units | 4 | Parking Ratio | 0.81/1,000 SF |
| Property Type | Multifamily | Opportunity Zone |
Yes
|
| Property Subtype | Apartment |
| Price | $1,500,000 |
| Price Per Unit | $375,000 |
| Sale Type | Investment |
| Cap Rate | 5.07% |
| Gross Rent Multiplier | 13.19 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 4,966 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 0.81/1,000 SF |
| Opportunity Zone |
Yes |
Unit Amenities
- Storage Space
- Kitchen
- Tub/Shower
- Yard
- Window Coverings
Site Amenities
- 24 Hour Access
- Storage Space
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | $3,550 | - |
| 1+1 | 1 | $1,450 | - |
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Walk Score ®
Very Walkable (80)
Bike Score ®
Very Bikeable (79)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $877,815 (2024) | |
| Land Assessment | $477,194 (2024) | Total Assessment | $1,355,009 (2024) |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$477,194 (2024)
Improvements Assessment
$877,815 (2024)
Total Assessment
$1,355,009 (2024)
zoning
| Zoning Code | LBR1N |
| LBR1N |
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1015 E 20th St
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