1015 East 20th St, Long Beach, CA 90806

Local realty services provided by:Better Homes and Gardens Real Estate Everything Real Estate
1015 East 20th St,Long Beach, CA 90806
$2,450,000
  • - Beds
  • - Baths
  • 9,641 sq. ft.
  • Multi-family
  • Active
Listed by:john stiegler ii
Office:lyon stahl investment real estate, inc.
MLS#:SB25120396
Source:CRMLS

Price summary

  • Price:$2,450,000
  • Price per sq. ft.:$254.12

About this home

We are pleased to present the opportunity to acquire a well-performing 10-unit multifamily investment in the heart of Long Beach. Located at 1001–1015 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. Buyer to verify any and all information.

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Home facts

  • Year built:1924
  • Listing ID #:SB25120396
  • Added:119 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Living area:9,641 sq. ft.

Structure and exterior

  • Year built:1924
  • Building area:9,641 sq. ft.
  • Lot area:0.25 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,450,000
  • Price per sq. ft.:$254.12
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