1534-1542 W 20th St - Apartments FOR SALE


Long Beach, CA 90810- Westside Long Beach
$2,200,000 USD
310-463-2916
1534-1542 W 20th St, Long Beach, CA for Sale
$2,200,000 USD
Apartments - FOR SALE
1/9
null | 6.09% Cap Rate

1534-1542 W 20th St
Long Beach, CA 90810
Westside Long Beach


HIGHLIGHTS

  • Long-Term Tenants Paying Strong Rents
  • Large Grass Courtyard and Attractive Landscaping
  • Well-Maintained Propert
  • Many Units Upgraded or Renovated
  • Units Have a Mix of Vinyl Plank and Tile Flooring

OVERVIEW

1534-1542 W. 20th Street is a well-maintained, 8-unit apartment asset located in the quiet, residential pocket of Westside Long Beach. Priced at 6.09% cap rate and 10.39 GRM at current rents, the offering presents a compelling opportunity for investors seeking stable cash flow with long-term upside. The property consists of eight (8) bright, bungalow-style 2BD / 1BA units. Many of the units have been upgraded or renovated, including durable vinyl plank or tile flooring. The property's curb apeal is enhanced by mature trees in front of the building, along with privacy hedges at the entry, and a spacious grass courtyard creating a serene, community-oriented environment for tenants. Located in a family-friendly, suburban enclave, the property is near local restaurants, coffee shops, parks, and offers convenient access to major transportation corridors.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$318 USD /SF

# OF UNITS

8

PRICE/UNIT

$275,000

CAP RATE

6.09%

% LEASED

87%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,759 SF

ZONING

R2, Long Beach

APN/PARCEL ID

7431-020-021

ASK ABOUT THIS PROPERTY

Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

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Robert SteppStepp Commercial - KWPEMore Info
310-463-2916

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.