201 E 12th St, Long Beach, CA 90813

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.