1520 West 20th Street

Long Beach, CA 90810

$1,300,000
Price
3
Beds
4
Baths
4,104 Sq. Ft.
$317 / Sq. Ft.
4,104
Sq. Ft.
$317
per Sq. Ft.

Description

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...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.
  1. Listed by Tyler Leeson • DRE #01451551 • Brokerage DRE #00530854 • Marcus & Millichap RE Invest • 714-713-9086

Property Details for 1520 West 20th Street

Parking Spaces Total
4
Private Pool
No
Total Units
4.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
4104
Assessor Parcel Number
7431-020-026
Property Attached YN
false

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute
LISTING UPDATED: 04/19/2024 01:45 AM

Property Details for 1520 West 20th Street

StatusPending
MLS #OC24070912
Days on Market7
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1976
CountyLos Angeles County

Location

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551
Add your commute

Building Information for 1520 West 20th Street

Building/Complex1520 W 20th StFloor-Stories2Residences-Pet Policy-Year Built1976Building Size-

Payment Calculator

$7,891 per month

30 year fixed, 7.25% Interest

Principal and Interest

$7,095

Property Taxes

$796

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1520 West 20th Street

Income / Expense / Tax Details
Income Details
  • Gross Income: $104,208
  • Gross Scheduled Income: $104,208
  • Vacancy Allowance: 3126
  • Vacancy Allowance Rate: 3
  • Gross Operating Income: $101,082
  • Net Operating Income: $71,869
  • Gross Multiplier: 12.48
  • Cap Rate: 5.53
Expense Details
  • Operating Expense: $29,213
  • Operating Expense Percent: 28.90%
  • New Taxes Expense: $16,176
  • Fuel Expense: $443
  • Electric Expense: $443
  • Insurance Expense: $5,000
  • Maintenance Expense: $2,800
  • Other Expense: $3,464
  • Other Expense Description: Misc
  • Trash Expense: $443
  • Water Sewer Expense: $444
  • Total Expenses: $29,213
Tax / Assessment Info
  • Tax Block: 15
  • Tax Tract Number: 1833
  • Tax Census Tract: 5780.00
  • CFD/Mello-Roos Fee: $964
  • Tax Lot: 13
Community / Development
Community / Development
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Inside
Exterior Features
  • Entry Location: First level
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Level with Street
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 4
Unit Information
Unit 1
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,684
  • Unit Type Total Rent: $8,684
  • Unit Type Pro Forma: 10380
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 1

Property History for 1520 West 20th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1520 West 20th Street

Taxable ValueLand$252,809Additions$437,300Total$690,109
Tax Record2023$9,551 ($796 / month)
Home Facts
Total Finished SqFt4,104 SqFtAbove Grade Finished SqFt4,104 SqFtLot Size6,355 SqFtStyleQuadraplexYear Built1976ZoningLBR2NCountyLOS ANGELESAPN7431-020-026

Schools near 1520 West 20th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Garfield Elementary School
PublicK to 5

Stephens Middle School
Public6 to 8

Cabrillo High School
Public9 to 12

Educational Partnership High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Marcus & Millichap RE Invest, Tyler Leeson, DRE #01451551

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.