- 6 Beds
- 4 Baths
- ¼ Acres
- 50 DOM
1015 East 20th St
We are pleased to present the opportunity to acquire a well-performing 10-unit multifamily investment in the heart of Long Beach. Located at 10011015 E 20th Street, this asset offers a highly desirable mix of spacious 1, 2, and 3 bedroom units totaling approximately 9,641 rentable square feet on a 10,991 SF lot. This building has the lowest price per foot metric and the highest CAP rate metric on the market currently!! The building delivers immediate day-one cash flow with a current CAP rate of 7.33%, while significant upside remains through rental increases and a potential ADU addition via an existing structure. Pro forma projections push returns to a 9.27% CAP and over 21% cash-on-cash return. Additional features include gated parking lots for tenants and separate gas & electric meters, helping keep operating costs low. Property to be sold As-Is. Inquire for further details.
Essential Information
- MLS® #SB25120396
- Price$2,450,000
- Bedrooms6
- Bathrooms4.00
- Acres0.25
- TypeResidential Income
- Sub-TypeRes Income 2-4 Units
- StatusActive Under Contract
Community Information
- Address1015 East 20th St
- AreaLONG BEACH (90806)
- CityLong Beach
- CountyLos Angeles
- StateCA
- Zip Code90806
Amenities
- PoolN/K
Interior
- FireplaceYes
- Stories2 Story
Exterior
- Lot DescriptionCurbs
Additional Information
- Date ListedMay 29th, 2025
- Days on Market50
- ZoningAssessor
Listing Details
Office
Lyon Stahl Investment Real Estate, Inc.
Lyon Stahl Investment Real Estate, Inc..
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Listing information last updated on July 19th, 2025 at 11:27am PDT.