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Listed by Robert Stepp • Keller Williams - Santa Monica
$ 2,595,000
Est. payment /mo
Active
1830 East 7th Street Long Beach, CA 90813
6,044 SqFt
UPDATED:
12/20/2024 06:49 PM
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 6,044 sqft
Price per Sqft $429
Subdivision Alamitos Beach
MLS Listing ID PW-23166122
Year Built 1919
Lot Size 0.268 Acres
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
Zoning LBCNR
Interior
Laundry Inside
Exterior
Parking Features Gated
Garage Spaces 6.0
Pool None
Community Features Sidewalks
Building
Lot Description 11-15 Units/Acre
Sewer Public Sewer