1015 East 20th St, Long Beach, CA 90806

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
#1#2#3
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:76 day(s) ago
  • Updated:August 13, 2025 at 01:21 PM

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
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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