1020 E 12th Street, Long Beach, California 90813

1020 E 12th St, Long Beach is the ideal investment

opportunity for anyone looking for great cash-flow

and low maintenance/renovated – the property is

currently operating at 6.78% cap rate and 10.28 GRM.

All units are renovated with new floors, cabinets,

appliances, fixtures and windows. All units are renting

at or near market rents.

The subject property is comprised of (8) 1Bed+1Bath

units, 5 of which are rented to Sec. 8/A.F.H. –

guaranteed income! 1020 E 12th St has plenty of

parking, which collects $400/month in additional

income. There is also a laundry room on site that

collects income.

Beneficial for the new owner, the property is located

just outside the $6 Billion of new development flooding

into Downtown Long Beach, including the Long Beach

Civic Center, Aquarium, OceanAire Project, CSULB

Downtown Village, Broadway Block and Queen Mary

Island. OM in supplements.