1520 & 1526 West 20th Street

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Address: 1520 & 1526 West 20th Street, Long Beach, California, US
Created date: April 3, 2024
Date last updated: April 3, 2024
  • Desirable Mix Offering Exclusively Three-Bedroom Floor Plans
  • Situated on Two Adjacent Parcels, Encompassing a Combined 0.30 Acres
  • Each Unit Features a Washer & Dryer
  • New Windows & Carport Roof | Main Roof - 15 Years Old
  • Carport Parking: 8 Total Parking Spaces
  • Within Walking Distance of Cabrillo High School & Admiral Kidd Park
  • In Close Proximity to the Ports of Long Beach & Los Angeles
  • 1.80 Miles from Long Beach Memorial Medical Center, the 3rd Top Employer in Long Beach with Nearly 5,000 Employees
  • Just Over 2 Miles from the Plethora of Retail, Dining, & Entertainment Options in Downtown Long Beach
  • Convenient Access to Pacific Coast Highway & Interstate 710, Connecting Residents to Employment Hubs Throughout Southern California

Property Description

The Leeson Group of Marcus & Millichap, as the exclusive listing agent, is pleased to present the opportunity to acquire 1520 & 1526 West 20th Street, an 8-unit multifamily investment property located in Long Beach, CA. Situated on two contiguous parcels, 1520 & 1526 West 20th Street features exclusively spacious three-bedroom floorplans and offers property amenities including gated pedestrian access, security doors, and carport parking. Additionally, each unit features in-unit laundry machines, a highly desirable feature. Furthermore, current ownership has invested significant capital into the property, with 2 fully renovated units, 5 partially renovated units, and new roofs for the carports. Situated in Westside Long Beach, 1520 & 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, 1520 & 1526 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. The property’s desirable unit mix, close proximity to education and recreation amenities as well as employment hubs are major draws for potential renters. This overall demand for well-located rental units will be a key driver in the continued growth and success at 1520 & 1526 West 20th Street.

Key Property Information

Listing Status: Unavailable
Listing Type: Call for offers
Property Types: Apartment Buildings
Price: $2,600,000
No. of Units: 8
Year Built: 1976
Lot Size: 0.30 Sq ft
Opportunity Zone: No
Price per unit: $325,000
Property Website Click Here
Address: 1520 & 1526 West 20th Street, Long Beach, CA 90810, USA
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