Long Beach, CA 90810 1520 W 20th Street
$1,300,000
Pending
12 more
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
Home Details
1520 West 20th Street is a 4-unit multifamily investment property located in Long Beach, CA. 1520 West 20th Street features exclusively spacious three-bedroom floor plans 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 1 fully renovated unit, 2 partially renovated units, and a new roof for the carport structure. Situated in Westside Long Beach, 1520 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 West 20th Street’s 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 West 20th Street is available for purchase separately or in conjunction with 1526 West 20th Street.
Presented By: Tyler Leeson with Marcus & Millichap RE Invest; 714-713-9086
Interior Features for 1520 W 20th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixStreet
Total Stories2
Other Rooms
Entry Level1
General for 1520 W 20th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.53
Carport Spaces4.0
Carport Y/NYes
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
Days on Market7
DirectionsCross Streets of West 20th Street & Caspian Avenue
Electric Expense443.0
Entry LocationFirst level
Fuel Expense443.0
Garage Spaces0.0
Garage Y/NNo
Gross Income104208.0
HOA0.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense5000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, Item1031Exchange
Lot Size Square Feet6534.0
MLS Area699 - Not Defined
MaintenanceExpense2800.0
MobileHomeRemainsYNNo
Net Operating Income71869.0
New ConstructionNo
Operating Expense29213.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubTypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Street Name20th
Tax Lot13
Taxes$16,176
Total Units4
Trash Expense443.0
View Y/NNo
Water Sewer Expense444.0
Waterfront Y/NNo
Year Built1976
Year Built SourceAssessor
ZoningLBR2N
Exterior for 1520 W 20th Street
Building Area Total4104.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesStreetLevel
Lot Size Acres0.15
Lot Size Area0.15
Lot Size SourceAssessor
Lot Size UnitsAcres
Number of Buildings1
Number of Separate Electric Meters4
Number of Separate Gas Meters4
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking4.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480