Skip To Content

1520 W 20th Street

Long Beach, CA 90810
  • $2,600,000
  • STATUS: ACTIVE
  • ON SITE: 14 Days
  • ID#: OC24066154
$2,600,000
  • 3
    BEDS
  • 0.3
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
County:

School Ratings & Info

Description

1520 & 1526 West 20th Street is an 8-unit multifamily investment property located in Long Beach, CA. Situated on two contiguous parcels, 1520 & 1526 West 20th Street features exclusively spacious three-bedroom floorplans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry hookups (tenants supply the machines). The tenants are responsible to pay for electricity and trash. The landlord is responsible to pay for water and sewer. Furthermore, current ownership has invested significant capital into the property, with 2 fully renovated units, 5 partially renovated units, and new roofs for the carports. Situated in Westside Long Beach, 1520 & 1526 West 20th Street benefits from its close proximity to parks, schools, and major transportation routes. The property offers walkable access to highly desirable area amenities for families including Cabrillo High School and Admiral Kidd Park. Additionally, 1520 & 1526 West 20th Streets close proximity to Interstate 710 provides convenient access to the Ports of Long Beach and Los Angeles, two major employment hubs for the region. Furthermore, the property is located just over 2 miles from the plethora of retail, dining, and entertainment options in Downtown Long Beach. 1520 & 1526 West 20th Street is an 8-unit multifamily investment property located in Long Beach, CA. Situated on two contiguous parcels, 1520 & 1526 West 20th Street features exclusively spacious three-bedroom floorplans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry hookups (tenants supply the machines). The tenants are responsible to pay for electricity and trash. The landlord is responsible to pay for water and sewer. Furthermore, current ownership has invested significant capital into the property, with 2 fully renovated units, 5 partially renovated units, and new roofs for the carports. Situated in Westside Long Beach, 1520 & 1526 West 20th Street benefits from its close proximity to parks, schools, and major transportation routes. The property offers walkable access to highly desirable area amenities for families including Cabrillo High School and Admiral Kidd Park. Additionally, 1520 & 1526 West 20th Streets close proximity to Interstate 710 provides convenient access to the Ports of Long Beach and Los Angeles, two major employment hubs for the region. Furthermore, the property is located just over 2 miles from the plethora of retail, dining, and entertainment options in Downtown Long Beach.

Monthly Payment Calculator

San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
www.redtreerealty.com/homes/149169203
Print Image

1520 W 20th Street Long Beach, CA 90810

  • Price: $2,600,000
  • Status: ACTIVE
  • On Site: 14 Days
  • ID#: OC24066154
3
Beds
0
Baths
0
½ Baths
0.3
Acres
Neighborhood:
Long Beach (90810)
County:
Los Angeles
Area:
Long Beach (90810)
Property Description
1520 & 1526 West 20th Street is an 8-unit multifamily investment property located in Long Beach, CA. Situated on two contiguous parcels, 1520 & 1526 West 20th Street features exclusively spacious three-bedroom floorplans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry hookups (tenants supply the machines). The tenants are responsible to pay for electricity and trash. The landlord is responsible to pay for water and sewer. Furthermore, current ownership has invested significant capital into the property, with 2 fully renovated units, 5 partially renovated units, and new roofs for the carports. Situated in Westside Long Beach, 1520 & 1526 West 20th Street benefits from its close proximity to parks, schools, and major transportation routes. The property offers walkable access to highly desirable area amenities for families including Cabrillo High School and Admiral Kidd Park. Additionally, 1520 & 1526 West 20th Streets close proximity to Interstate 710 provides convenient access to the Ports of Long Beach and Los Angeles, two major employment hubs for the region. Furthermore, the property is located just over 2 miles from the plethora of retail, dining, and entertainment options in Downtown Long Beach. 1520 & 1526 West 20th Street is an 8-unit multifamily investment property located in Long Beach, CA. Situated on two contiguous parcels, 1520 & 1526 West 20th Street features exclusively spacious three-bedroom floorplans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry hookups (tenants supply the machines). The tenants are responsible to pay for electricity and trash. The landlord is responsible to pay for water and sewer. Furthermore, current ownership has invested significant capital into the property, with 2 fully renovated units, 5 partially renovated units, and new roofs for the carports. Situated in Westside Long Beach, 1520 & 1526 West 20th Street benefits from its close proximity to parks, schools, and major transportation routes. The property offers walkable access to highly desirable area amenities for families including Cabrillo High School and Admiral Kidd Park. Additionally, 1520 & 1526 West 20th Streets close proximity to Interstate 710 provides convenient access to the Ports of Long Beach and Los Angeles, two major employment hubs for the region. Furthermore, the property is located just over 2 miles from the plethora of retail, dining, and entertainment options in Downtown Long Beach.
Exterior Features

Pool N/K Site CurbsSidewalks Topography Level

Interior Features

Stories 2 Story

Property Features

Actual Cap Rate 5.84 Annual Expense Actual 58483 Buildings 2 Cfd Mello Roos Fee 1986.0 Cfd Mello Roos Fee Reflects Year Gross Rent Multiplier Actual 11.99 Gross Scheduled Income Actual 216888 Home Owners Fees 0.0 Monthly Total Fees 165 Terms CashExchange Zoning Assessor

San Diego MLS logo Listing provided courtesy of Tyler Leeson of Marcus & Millichap RE Invest: 714-713-9086. Listing information © 2024 San Diego MLS Inc. Source: CRMLS
San Diego MLS logo This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2024 San Diego MLS, Inc. Licensed in the state of California.
 
https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306138470-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306138470-1.jpg https://bt-photos.global.ssl.fastly.net/sandiego/orig_boomver_1_306138470-1.jpg
Logo
Red Tree Realty | Keller Williams La Jolla
4138 Napier St.
San Diego CA, 92110