1001 20Th Street

Long Beach, CA 90806

PRICE REDUCED

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-$260,000 (-14.77%)

$1,500,000

List Price

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1924

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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!

Listing Information

List Price $1,500,000
Status Active
MLS SB24211287
HOA $0
Type Residential Income
Subtype Apartment
Year Built 1924
Lot Size 4,236
Structure Size N/A
DOM 37
Courtesy Of Lyon Stahl Investment Real Estate, Inc.
Listing Agent John Stiegler II DRE#01981597
Co-Listing Agent Stephen Takahashi DRE#01944770

Interior Features

Laundry Information
Location(s) Electric Dryer Hookup, Gas Dryer Hookup
Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A

Exterior Information

Maps

Listing information courtesy of: John Stiegler II, Stephen Takahashi, Lyon Stahl Investment Real Estate, Inc. . *Based on information from the Association of REALTORS/Multiple Listing as of Nov 20th, 2024 at 10:31 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.