1001 20th ST, Long Beach, CA 90806 – SB24211287

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$1,500,000

Est. payment - /mo

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4,234 Sqft Lot

Price Dropped by $260K

1001 20th ST Long Beach, CA 90806

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Michelle M Randazzo

michellesells@rpnevada.com +1(702) 412-1049

UPDATED:

12/05/2024 04:37 AM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID SB24211287

HOA Y/N No

Year Built 1924

Lot Size 4,234 Sqft

Property Description

Unlock the potential of this 6-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious (2) 1 bed +1 bath units as well as (4) 2 bed + 1 bath units, this well-maintained building can be sold together or separately, 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!

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry Electric Dryer Hookup, Gas Dryer Hookup

Exterior

Pool None

Community Features Sidewalks, Urban

Total Parking Spaces 6

Private Pool No

Building

Lot Description Rectangular Lot

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7210021012

Energy Description 540.0

Acceptable Financing Cash, Cash to New Loan, Conventional, 1031 Exchange

Listing Terms Cash, Cash to New Loan, Conventional, 1031 Exchange

Special Listing Condition Standard

Listed by John Stiegler II • Lyon Stahl Investment Real Estate, Inc. • 310-447-2213

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Michelle M Randazzo

REALTOR® | RE.0196837

+1(702) 412-1049

1001 20th ST Long Beach, CA 90806

Michelle M Randazzo

Key Details

Location

Interior

Exterior

Building

Others

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1001 20th ST