201 E 12th Street $7,750,000

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    201 E 12th Street Long Beach, CA 90813

    • 0 Beds
    • 0 Baths
    • 18,380 sq. ft.
    • Multi-Family
    • MLS# OC22102844
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    Views: 22 Days On Market: 10

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    Property Details

    The Twelfth Street Apartments are located in the City of Long Beach, a premier coastal downtown within Los Angeles County. The subject property offers an attractive unit mix consisting of Studio's, standard 1B/1B and 2B/1B units, and large 1B/1B and 2B/1B units totaling 18,380 square feet. This 28-unit property is situated over two contiguous parcels totaling 17,008 square feet and is located within a dense urban neighborhood known for its historic culture and accessibility to the heart of Downtown Long Beach. This pride-of-ownership asset has been beautifully manicured and recently renovated to include new exterior paint, new garage doors, new windows, upgraded courtyard, stucco, and front entry wood siding. Common area amenities include but are not limited to: secured and gated front/rear entrances, courtyard with artificial turf, ambient lighting, planter beds, and outdoor furniture, two on-site laundry facilities, and four enclosed garages and 9 open parking spaces. Having been professionally managed and meticulously improved, this asset offers a buyer the opportunity to cash flow from day one while also providing continued growth and rental demand within the historic 'Wilmore City' district. The Twelfth Street Apartments are well suited to provide investors with strong returns and value appreciation over the long-term investment horizon.

    • General Features
      • Buyer Compensation 2.000 %
      • Community Features Sidewalks
      • County Or Parish Los Angeles
      • Number Of Buildings 2
      • Number Of Separate Electric Meters 28
      • Number Of Separate Gas Meters 28
      • Number Of Separate Water Meters 2
      • Number Of Units Total 28
      • YearBuilt 1954
    • Building Features
      • Laundry Features Common Area
      • Levels Two
    • Property Features
      • Lot Size Acres 0.39
      • Lot Features Landscaped, Near Public Transit
      • Pool Private Y/N 0
      • Pool Features None
      • Parking Total 13.00

    Contact

    Gerard Bisignano

    Gerard Bisignano

    Global Real Estate Advisor

    DRE# 01116110

    Malaga

    Mobile Phone: 310-990-4727

    Neighborhood

    90813 (Long Beach) Demographics

    30 Median Age
    17,174 Population Density (per sq. mile)
    18% College Educated
    $41,175 Estimated Median Income
    2,243 Estimated Total Home Owners
    14,924 Estimated Total Renters
    13% / 87% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    56,726 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $565,000 Median Sales Price
    9 Homes Sold
    13 New On Market

    Average Days on Market

      Properties for Sale

        Calculations provided by Reliance Network

        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $7,750,000
        5/27/2022 9:31:40 AM Status Changed Source: Multiple Listing Service New Value: Pending
        5/16/2022 11:02:00 AM New in Database Source: Multiple Listing Service New Value: $7,750,000

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        ** Assumes 3.5% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information.
        Based on information from California Regional Multiple Listing Service, Inc. as of 6/25/2022 3:50:21 AM. 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.

        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.