$10,000 Closing Credit¹
#PW24222871, Rick Applebaum, Listing Office: Morgan Skenderian
#SB25017558·
Listing Office: Lyon Stahl Investment Real Estate, Inc.·
Listing Agent: Cameron Samimi·
Listing Office Phone: 310-259-7556
$1,725,000 List price
1020 E 12th St Long Beach, CA 90813
$10,000
Closing credit¹
0.1 acres
Condo
Property details
About 1020 E 12th St
1020 E 12th St, Long Beach is the ideal investment opportunity for anyone looking for great cash-flow and low maintenance/renovated - the property is currently operating at 6.78% cap rate and 10.28 GRM. All units are renovated with new floors, cabinets, appliances, fixtures and windows. All units are renting at or near market rents. The subject property is comprised of (8) 1Bed+1Bath units, 5 of which are rented to Sec. 8/A.F.H. - guaranteed income! 1020 E 12th St has plenty of parking, which collects $400/month in additional income. There is also a laundry room on site that collects income. Beneficial for the new owner, the property is located just outside the $6 Billion of new development flooding into Downtown Long Beach, including the Long Beach Civic Center, Aquarium, OceanAire Project, CSULB Downtown Village, Broadway Block and Queen Mary Island. OM in supplements.
Highlights
Home typeCondominium
StatusActive
Lot size0.1251 Acres
Year built1960
MLS #SB25017558
Summary
- MLS Number: SB25017558
- MLS Name: CRMLS
- Office Name: Lyon Stahl Investment Real Estate, Inc.
- Office Phone: (310) 259-7556
- Listing Agent: Cameron Samimi
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/14/2025, 12:20:57 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Get an agent. Get a mortgage. Save big.¹
$1,725,000
1020 E 12th St
$10,000
closing credit¹
Sell your home with Rocket and save even more!
Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Dec 01, 2020 | Home Sold | $1,250,000 |
| Sep 23, 2005 | Home Sold | $292,500 |
| Nov 03, 1993 | Home Sold | $157,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,326,509 | $17,938 |
| 2023 | $1,300,500 | $17,625 |
| 2022 | $1,275,000 | $16,556 |
| 2021 | $1,250,000 | $16,205 |
| 2020 | $714,065 | $9,767 |
| 2019 | $700,065 | $9,459 |
| 2018 | $686,339 | $9,358 |
| 2017 | $672,882 | $9,358 |
History based on county public records data.
Nearby schools
6
Lincoln Elementary School
Public District KG-5
0.2 mi
•1175 E 11th St
6
Roosevelt Elementary School
Public District KG-5
0.5 mi
•1574 Linden Ave
5
Robert Louis Stevenson Elementary School
Public District KG-5
0.6 mi
•515 Lime Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $30,112. The most common annual income of people living in Long Beach, CA is less than $<35k. Most families are married, with kids. The most common level of education of people living in this area is high school diploma.
How much money do the neighbors make?
59%
<35k
38%
35k-100k
2%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
28%
Single, No Kids
30%
Single, with Kids
10%
Married, No Kids
32%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
21%
<11 yrs old
13%
12-17 yrs old
30%
18-34 yrs old
31%
35-64 yrs old
5%
65+ yrs old
What do the neighbors do for fun?
Mexican League Soccer
Pro Boxing
Major League Soccer (MLS)
Where do the neighbors shop?
Ross Dress For Less
H&M
Burlington
Where do the neighbors go to eat?
Jack In The Box
Boston Market
White Castle
What do the neighbors drive?
Nissan
Honda
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 1020 E 12th St
This home is located at 1020 E 12th St in Long Beach, CA and zip code 90813 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since January 27, 2025 and is currently priced at $1,725,000.
In February 2025, from all listings sold in Long Beach, CA there were more than 54 sold above asking price, over 62 sold below and more than 22 were sold right at the asked price. Between January and February 2025, Long Beach, CA real estate market has seen increase in the number of listings by 2.2%. In February 2025, listings were on the market for 42 days. During the same period, the median list price in this real estate market was $823,240.
From Rocket Homes Real Estate and based on county public records data.