$ 2,595,000
1830 E 7th Street Long Beach, CA 90813
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$ 2,595,000
Est. payment | /mo
6,044 SqFt
$ 2,595,000
Est. payment | /mo
6,044 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 6,044 sqft
Price per Sqft $429
MLS Listing ID CRPW23166122
HOA Y/N No
Year Built 1919
Lot Size 0.268 Acres
Acres 0.27
Property Description
1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 10.95 GRM and 5.95% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
Location
State CA
County Los Angeles
Area Listing
Zoning LBCN
Interior
Fireplace No
Laundry Inside
Building
Sewer Public Sewer
Water Public
New Construction No
Others
Tax ID 7266023009
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Listed by Robert Stepp • Keller Williams - Santa Monica
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "