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Listed by Robert Stepp • Keller Williams Realty Downey
$ 2,595,000
Est. payment | /mo
0.27 Acres Lot
$ 2,595,000
Est. payment | /mo
0.27 Acres Lot
Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRPW23166122
Year Built 1919
Lot Size 0.268 Acres
Source California Regional MLS
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 4 - Downtown Area, Alamitos Beach
Interior
Laundry Other
Exterior
Garage Spaces 6.0
Pool None
Building
Water District - Public
Others
Tax ID 7266023009
Special Listing Condition Not Applicable
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