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$1,300,000   Price Analysis
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1526 W 20th St
Long Beach, CA 90810
Unknown bed None bath 4,104 SqFt ($316/SqFt)
9,549SqFt lot. Built 1976
Listed 2024-04-10, Taxes $9,041
Ⓧ USDA Ineligible
due to price & location

near Long Beach

1526 West 20th Street is a 4-unit multifamily investment property located in Long Beach

* No Longer For Sale *
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CA. 1526 West 20th Street features exclusively roomy 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 respnsible 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, 3 partially renovated units and a new roof for the carport structure.

Situated in Westside Long Beach, 1526 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, 1526 West 20th Streets 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 over 2 miles from the plethora of retail, dining and entertainment options in Downtown Long Beach. 1526 West 20th Street is available for purchase separately or in conjunction with 1520 West 20th Street.


Presented by Tyler Leeson at
Marcus & Millichap Re Invest.


Property MLS #OC24070947 from CRMLS

Laundry Features: Inside

Carport Spaces: 4
Parking Total: 4

Lot Description: Level with Street
Lot Size Acres: 0.2192149
Lot Size Source: Assessor
Lot Size Square Feet: 9549

Number of Units: 4

Calculated Total Monthly Association Fees: 0
Maintenance Expense: 2800.00

Vacancy Allowance: 3380

Community Features: Curbs, Gutters, Sidewalks

Source Listing Status: Closed
County: Los Angeles
Cap Rate: 6.16
Other Expense: 3522.00
Source Property Type: Residential Income
Insurance Expense: 5000.00
Area: 699 - Not Defined
Source Neighborhood: 699 - Not Defined
New Taxes Expense: 16176.00
Number of Separate Electric Meters: 4
Number of Separate Gas Meters: 4
Number of Separate Water Meters: 1
Parcel Number: 7431020027
Postal Code Plus 4: 4054
Trash Expense: 443.00
Zoning: LBR2N
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$428,726 + $247,852
$676,578
$9,041
2021$420,320 + $242,993
$663,313
$8,844
2020$416,011 + $240,502
$656,513
$8,820
2019$407,854 + $235,787
$643,641
$8,719
2018$399,857 + $231,164
$631,021
$8,343
2017$392,017 + $226,632
$618,649
$8,256
2016$384,331 + $222,189
$606,520
$7,662
2015$378,558 + $218,852
$597,410
$7,363
2014$371,143 + $214,565
$585,708
$7,326
2013$369,466 + $213,596
$583,062
$7,106
2012$362,222 + $209,408
$571,630
$7,219
2010$355,120 + $205,302
$560,422
$6,851
2009$353,304 + $204,253
$557,557
$6,806
2009$352,466 + $203,768
$556,234
$6,806
2008$346,377 + $200,249
$546,626
$6,346
2007$339,586 + $196,323
$535,909
$6,174

Sold 2024-05-21
$1,300,000
CRMLS
Listed 2024-04-10
$1,300,000
CRMLS
Sold 2003-09-18
$505,000
Public Record
Sold 1991-10-23
$320,000
Public Record

Net Operating Income: 80029.00

Total Square Feet Living: 4104
Year Built: 1976
Building Features: 1
Common Walls: No Common Walls
Entry Level: 1
Entry Location: First Level
Property Age: 48
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Apartment
Year Built Source: Assessor

Electric Expense: 443.00
Sewer: Sewer: Public Sewer, Water Sewer Expense: 444.00
Water Source: Public

Cabrillo High School is a public high school located approximately 0.2 miles away.
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Garfield Elementary School is a public elementary school located approximately 0.3 miles away.
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Stephens Middle School is a public middle school located approximately 1.1 miles away.
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St. Lucy School is a private elementary and middle school located approximately 0.5 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.