1271 E 7th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$3,120,000 USD
714-809-7608
1271 E 7th St, Long Beach, CA for Sale
$3,120,000 USD
Apartments - FOR SALE
1/14
null | 5.4% Cap Rate

1271 E 7th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • on-site laundry room
  • 6 garages
  • upside in rents
  • long term owner
  • remodeled units

OVERVIEW

FIRST TIME ON THE MARKET IN 23 YEARS! 12 UNITS IN EAST SIDE LONG BEACH. 7- 2 BED/1 BATH UNITS AND 5- BED/1 BATH UNITS. 6 GARAGES! ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY OWNER. INDIVIDUALLY METERED FOR GAS AND ELECTRIC. ELECTRIC ALL UPGRADED SUB PANELS IN 2024. UPSIDE IN RENTS. 7 BLOCKS TO THE BEACH, 5 MINUTES TO CSULB AND RESTAURANTS AND SHOPPING! GREAT RENTAL MARKET. 260/ DOOR , 5.4 CAP AND 11.7 X GROSS

FOR SALE DETAILS

PRICE

$3,120,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

12

PRICE/UNIT

$260,000

CAP RATE

5.4%

% LEASED

97%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

CNR, Long Beach

APN/PARCEL ID

7266-002-031

ASK ABOUT THIS PROPERTY

Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

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Kristina MooreKristina Moore, BrokerMore Info
714-809-7608

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.