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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.

Features
2
1
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: Sidewalks
Additional Information
Keller Williams - Santa Monica
0
PSTEPROB
PB20859
Robert
7266023009
: Standard
6
Two
25

Multi-Family For Sale

1830 7th Street, Long Beach, California 90813

6,044 Sqft
$2,595,000
Listing ID #PW23166122
Basic Details
Status : Active
DaysOnMarket : 358
Property Type : Multi-Family
Listing Type : For Sale
Listing ID : PW23166122
Price : $2,595,000
Living Area : 6,044 Sqft
Lot Size : 11,668 Sqft
Year Built : 1919
Country : US
State : California
County : Los Angeles
City : Long Beach
Zipcode : 90813
Price Per Square Foot : $429
Subdivision : Alamitos Beach (AB)
ModificationTimestamp : 2024-08-30 09:40:36
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