Sold
201 E 12th Street
Long Beach CA, 90813
$7,650,000
$416.21 per sqft
Sold
18,380 sqft
Residential
Built in 1954
Listed by Greg Bassirpou with Marcus & Millichap RE Invest 949-419-3200
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.
OC22102844
MLSⓇ ID
May 16, 2022
Listed
March 23, 2024
Updated
Map
201 E 12th Street
Long Beach CA, 90813
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
Landscaped, Near Public Transit
Sewer
Public Sewer
Other Property Details
Area Name
699 - Not Defined
Days on Market
10
Garage
Yes
Garage Spaces
4
Parking Total
13
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBPD29
Buyer Agency Compensation
2%
Listing Contact: 949-419-3200
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/23/2024 at 1:36 AM UTC