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.
MLS# | PW23166122 |
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Listing Type | For Sale |
Style | Mixed Use |
Sub-Type | Resale |
Status | Active |
Year | 1919 |
Days On Site | 432 |
Listing Provided By | Keller Williams - Santa Monica 310-482-2200 | Robert Stepp |
SQ Feet | 6,044 |
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Garage | 6 |
Story(s) | 2 |
Units | 11 |
Building(s) | 3 |
Zoning | LBCNR |
Acreage | 0.27 |
State | CA |
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County | Los Angeles |
City | Long Beach |
Zip Code | 90813 |
Area | 4 Downtown Area | Alamitos Beach |
Community Name | Alamitos Beach (AB) |
Listing VS Median (in Alamitos Beach (AB)) | |
Price: $2,595,000 low | high Med: $616,500 SqFt: 6,044 low | high Med: 991 $ / SqFt: $429 low | high Med: $631 On Site: 432 low | high Med: 72.000000 |