$2,595,000
1830 E 7th Street
Long Beach, CA, 90813
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.
Property Details
Price:
$2,595,000
MLS #:
PW23166122
Status:
Active
Baths:
0
Address:
1830 E 7th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Subdivision:
Alamitos Beach AB
Neighborhood:
4downtownareaalamitosbeach
City:
Long Beach
Listed Date:
Sep 5, 2023
State:
CA
ZIP:
90813
Lot Size:
11,668 sqft / 0.27 acres (approx)
Year Built:
1919
Schools
Interior
Exterior
Community Features
Sidewalks
Garage Spaces
6.00
Lot Features
11-15 Units/ Acre
Parking Spots
6.00
Pool Features
None
Sewer
Public Sewer
Stories Total
2
Water Source
Public
Financial
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Courtesy of Keller Williams – Santa Monica. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than Mohr Real Estate Group include the name of the listing broker. Neither the listing company nor Mohr Real Estate Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved. 1830 E 7th Street
Long Beach, CA
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