$1,250,000 - 937 E 20th Street, Long Beach

  • 0Beds
  • Baths
  • 5,304SQ. Feet
  • 0.21Acres

Offering a 5.23% Cap Rate on current rents, 10 parking, four 3 bedroom units, and a 9,000 square foot lot, this is by far one of the best 4 unit opportunities to hit the market in the fastest growing Beach City of Los Angeles. All units are currently rented and have room to grow the cap rate to over a 7.53%. It's very rare to have parking in Long Beach and many neighbors charge $150 per space. You can lease these spaces to tenants and neighbors for extra income. One of the largest 4-unit properties to hit the market, this value-add asset is the perfect investment for an exchange buyer or owner looking to own a piece of one of Southern California's last affordable beach communities.

Sales Agent

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

Essential Information

  • MLS® #:SB19071981
  • Price:$1,250,000
  • Bathrooms:0.00
  • Square Footage:5,304
  • Acres:0.21
  • Year Built:1911
  • Type:Residential Income
  • Status:Active

Community Information

  • Address:937 E 20th Street
  • Area:Poly High (9)
  • Subdivision:Poly High (PH)
  • City:Long Beach
  • County:Los Angeles
  • State:CA
  • Zip Code:90806

Interior

  • Appliances:None

Exterior

  • Lot Description:0-1 Unit/Acre

Additional Information

  • Date Listed:April 1st, 2019
  • Days on Market:77
  • Zoning:LBR1N

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Poly High (ph)

  • City:
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  • Price Range:
    $699,000 - $1,775,000
  • Current Listings:
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  • HOA Dues:
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  • Average Price per Square Foot:
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Wrigley Area (wr)

  • City:
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  • Price Range:
    $699,000 - $2,050,000
  • Current Listings:
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  • HOA Dues:
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  • Average Price per Square Foot:
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Provided By: Cameron Samimi(02035763), Lyon Stahl Investment Real Estate, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of June 18th, 2019 at 5:57am 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.