Long Beach, CA 90813,201 E 12th ST
Long Beach, CA 90813,201 E 12th ST
Long Beach, CA 90813,201 E 12th ST
Long Beach, CA 90813,201 E 12th ST
Long Beach, CA 90813,201 E 12th ST
Long Beach, CA 90813,201 E 12th ST
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$7,650,000

$7,750,000

1.3%
Est.Price: ?

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Est. payment /mo

SOLD DATE : 07/19/2022

Key Details

Sold Price $7,650,000

Property Type Single Family Home

Listing Status Sold

Purchase Type For Sale

MLS Listing ID OC22102844

Sold Date 07/19/22

HOA Y/N No

Year Built 1954

Property Description

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.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Zoning LBPD29

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Street Lights, Sidewalks

Total Parking Spaces 13

Private Pool No

Building

Lot Description Landscaped, Near Public Transit

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7273003007

Energy Description 5565.5

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash

Special Listing Condition Standard

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CRMLS – RECore
Listed by Greg Bassirpou Marcus & Millichap RE Invest
Bought with Jonathan Swire The Agency
Sam Mu

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(949) 258-2228

sammuteam@gmail.com

880 Roosevelt Suite 250, Irvine, California, 92620, United States

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