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1001-1015 E 20th St Long Beach 1001 E 20th St 10 Unit Apartment Building $2,450,000 ($245,000/Unit) 7.33% Cap Rate Long Beach, CA 90806

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Investment Highlights

Excellent Unit Mix - (1) 3Bed+2Bath | (7) 2Bed+1Bath | (1) 1Bed+1Bath
Current CAP: 7.33% | Market CAP: 9.27%
Gated Parking for Tenants with Possible ADU conversion of an existing structure

Current GRM: 9.31 | Market GRM: 7.82
Building: 9,641 sqft | Lot Size: 10,991 sqft
Separately metered for Gas & Electricity

Executive Summary

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.

Updated 1001-1015 E 20TH ST OM (3)

Financial Summary (Actual - 2024)	Annual	Annual Per SF
Gross Rental Income	$263,040	$56.27
Other Income	-	-
Vacancy Loss	$13,152	$2.81
Effective Gross Income	$249,888	$53.45
Taxes	-	-
Operating Expenses	-	-
Total Expenses	$70,385	$15.06
Net Operating Income	$179,503	$38.40

Financial Summary (Actual - 2024)

Gross Rental Income
Annual	$263,040
Annual Per SF	$56.27

Other Income
Annual	-
Annual Per SF	-

Vacancy Loss
Annual	$13,152
Annual Per SF	$2.81

Effective Gross Income
Annual	$249,888
Annual Per SF	$53.45

Taxes
Annual	-
Annual Per SF	-

Operating Expenses
Annual	-
Annual Per SF	-

Total Expenses
Annual	$70,385
Annual Per SF	$15.06

Net Operating Income
Annual	$179,503
Annual Per SF	$38.40

Property Facts

Price	$2,450,000	Apartment Style	Low-Rise
Price Per Unit	$245,000	Building Class	C
Sale Type	Investment	Lot Size	0.10 AC
Cap Rate	7.33%	Building Size	4,675 SF
Gross Rent Multiplier	9.31	No. Stories	2
No. Units	10	Year Built	1924
Property Type	Multifamily	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Apartment
Zoning	LBR1N - restricted Density Multiple Dwelling

Price	$2,450,000
Price Per Unit	$245,000
Sale Type	Investment
Cap Rate	7.33%
Gross Rent Multiplier	9.31
No. Units	10
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.10 AC
Building Size	4,675 SF
No. Stories	2
Year Built	1924
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	LBR1N - restricted Density Multiple Dwelling