Unlock the potential of this 6-unit multi-family property located in the heart of Long Beach! Offering a mix of spacious (2) 1 bed +1 bath units as well as (4) 2 bed + 1 bath units, this well-maintained building can be sold together or separately, with 1001 E 20th St consisting of 6 units and 1015 E 20th St featuring 4 units with ADU potential. Both buildings offer ample parking with gated parking lots. This is a fantastic opportunity for investors seeking consistent rental income with upside potential. Located in a thriving rental market with easy access to major freeways, shopping, dining, and local amenities, this property is perfect for both seasoned investors and those looking to complete a 1031 exchange. With an immediate cash flow and a clear path to increased revenue, this Long Beach gem won’t last long!
Property Details
Property Features
Property Information:
Year Built: 1924
Stories: 2
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 447-2213
Listing Agent: John Stiegler II
Exterior Features
Exterior Information:
Private Pool: No
Lot Features
Lot Information:
Lot: Rectangular Lot
Lot Size: 0.10 Acres
Other
Directions Information:
Directions: Take 405S toward Atlantic exit. Turn left on 20th st
Price Information
Listing Price Info
Price Summary:
List Price: $1,760,000
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Long Beach, CA.
This property is $935.3K more than the Median Sold Price in Long Beach, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #SB24211287
Listing Office:
Office Name: Lyon Stahl Investment Real Estate, Inc.
Office Phone: (310) 447-2213
Listing Agent: John Stiegler II
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: 11/7/2024, 2:20:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$8,852
Per Month
Principal & Interest
$8,785
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$5,343
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
8
/10
Alvarado Elementary School
1400 E 20th St
Distance between this listing and this school0.36 miles
Public District Grades KG-5
4
/10
Smith Elementary School
565 E Hill St
Distance between this listing and this school0.41 miles
Public District Grades KG-5
7
/10
Signal Hill Elementary School
2285 Walnut Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-5
Nearby Schools
4
/10
Jessie E. Nelson Academy
1951 Cherry Ave
Distance between this listing and this school0.63 miles
Public District Grades 6-8
3
/10
Washington Middle School
1450 Cedar Ave
Distance between this listing and this school0.99 miles
Public District Grades 6-8
4
/10
Robinson K - 8 Academy
2750 Pine Ave
Distance between this listing and this school1.15 miles
Public District Grades KG-8
Nearby Schools
6
/10
Polytechnic High School
1600 Atlantic Ave
Distance between this listing and this school0.49 miles
Public District Grades 9-12
1
/10
Clear Passage Educational Center
1471 Martin Luther King Jr Ave
Distance between this listing and this school0.63 miles
Public Charter Grades 9-12
5
/10
Intellectual Virtues Academy
1637 Long Beach Blvd
Distance between this listing and this school0.66 miles
The neighbors living near this home have an average income of $29,465. Most Long Beach, CA residents have annual incomes less than $35k. The majority of families are married, with kids. The majority of residents in this area have high school diploma education.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 1001 20th St
What is the listing price of this property?
The listing price of 1001 20th St property is $1,760,000.
What type of property is this?
The property 1001 20th St is a condo located in Long Beach, California, 90806.
Is this property for sale now?
Active Listing: 1001 20th St is For Sale (Active/New) which means the seller is accepting offers.
Which year was this property built?
The year of construction for 1001 20th St is 1924.
This home is located at 1001 20th St in Long Beach, CA and zip code 90806 in the The Harbor neighborhood. This home, which was built in 1924, sits on a 0.10 acre lot. It has been listed on Rocket Homes since October 15, 2024 and is currently priced at $1,760,000.
In October 2024 more than 94 listings in Long Beach, CA were sold above the asking price. During the same period more than 35 listings were sold at asking price, while more than 83 were sold below. The number of listings in Long Beach, CA decreased by 0.1% between September 2024 and October 2024. The median list price of listings available in October 2024 was $824,667, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.