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$1,325,000

Beds
Unknown
sq ft
Unknown

1021 E 12th St, Long Beach, CA 90813

1021 E 12th St

Long Beach, CA 90813

  • 35 days on market
5 Unit apartment building on a large 6,800 SF lot in Long Beach! This property has 2 buildings, a front house consisting of a 4 Bedroom / 2 Bath ~1,398 SF and a separate back building ~ 2,100 SF consisting of 4 ALL 1-Bedroom/1-Bath units! This property has on ONSITE laundry room that brings in additional income! Parking for about 7 cars onsite! This property currently brings in $8,629/month in gross rental income. Currently operating at a CAP rate of 5.1 CAP and 12.6 X GROSS! This is great investment opportunity with upside potential through renovations/rent increases. Located close to downtown Long Beach, shopping and restaurants and offering easy access to Alamitos Beach, 4th Street!

Details

Property type

Mixed Use

Lot size

6,802 sq ft

Price per sq ft

Unknown

Year built

1910

Price History

12/18/2024
CRMLS

CRMLS #PW24250938

Listed
$1,325,000
-0.6%
01/31/2024
CRMLS

CRMLS #PW23166185

Removed
$1,333,000
09/06/2023
CRMLS

CRMLS #PW23166185

Listed
$1,333,000

Schools & Community

Neighborhood: 

Saint Mary's

Elementary school: 

Unknown

Middle school: 

Unknown

High school: 

Unknown

Community features: 

Suburban

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Washington Mutual Bank Fa

Loan start date

April 2005

Original loan amount

$440,000

Est. remaining balance

Not provided

Interest rate

5.05%

Loan type

Commercial, 30 year

Seller

Chhun Eang Huoth and Chenda H Huoth

Lender

Glendale Federal Bank

Loan start date

July 1993

Original loan amount

$135,000

Est. remaining balance

Not provided

Interest rate

7.48%

Loan type

Commercial

Seller

Chhun Eang Huoth and Chenda H Huoth

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

Status: Active

Tomo last checked: 01/21/2025 at 11:50 PM

Listing updated: 12/18/2024 at 10:44 PM

Listed by: Kristina Moore, The Moore Group Phone #: (714) 809-7608

MLS: CRMLS #PW24250938

CRMLS logo

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