$1,850,000 - 1135 E 12th Street, Long Beach

  • 1Beds
  • 1Baths
  • 3,792SQ. Feet
  • 0.15Acres

We are pleased to present to market 1135 East 12th Street, a 12-unit apartment building in Long Beach, California. This offering presents a great opportunity for an investor to acquire a partially renovated asset with solid in-place cash flow and potential upside in a strong rental market. The property consists of a 1916 construction building with 12 one-bedroom units that range from 300 to 428 square feet. Eight units have been renovated, another unit has new flooring, and all units have security gates,. The property also features on-site laundry and nine parking spaces plus two motorcycle spaces. In addition to the renovated units, 1135 East 12th Street boasts numerous other recent improvements, including: a new roof that was installed in November 2018, a gas barbecue, earthquake bolt down and auto gas shut off, and a new valve set in the front yard that is ready for a drought-tolerant irrigation setup. As a result of the units’ smaller sizes, a new investor may enjoy low recurring utility expenses and low turnover costs. The property is located near the intersection of Alamitos Avenue and Anaheim Street, across from Grant Church, and just steps from Lincoln Elementary School. The property’s location conveniently near dining, retail and grocery options have earned it a great WalkScore of 89. This area is a strong rental market where over 85 percent of housing units within one mile are renter-occupied.

Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW19146053
  • Price:$1,850,000
  • Bedrooms:1
  • Bathrooms:1.00
  • Square Footage:3,792
  • Acres:0.15
  • Year Built:1916
  • Type:Residential Income
  • Status:Closed

Community Information

  • Address:1135 E 12th Street
  • Area:Downtown Area, Alamitos Beach (4)
  • Subdivision:Downtown (DT)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90813

Interior

  • # of Stories:2
  • Stories:Two

Exterior

  • Lot Description:11-15 Units/Acre

Additional Information

  • Date Listed:June 19th, 2019
  • Days on Market:39
  • Zoning:LBR4R

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Downtown (dt)

  • City:
    Long Beach
  • Price Range:
    $560,000 - $3,395,000
  • Current Listings:
    23
  • HOA Dues:
    $
  • Average Price per Square Foot:
    $359
  • Link:
    Downtown (DT) Homes For Sale
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Provided By: Daniel Lewin(01932742), Marcus & Millichap.

Based on information from California Regional Multiple Listing Service, Inc. as of October 22nd, 2019 at 7:33am CDT. 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 usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.