1830-1838 E 7th St - Apartments FOR SALE


Long Beach, CA 90813- Downtown Long Beach
$2,595,000 USD
310-463-2916
1830-1838 E 7th St, Long Beach, CA for Sale
$2,595,000 USD
Apartments - FOR SALE
1/14
null | 5.95% Cap Rate

1830-1838 E 7th St
Long Beach, CA 90813
Downtown Long Beach


HIGHLIGHTS

  • Priced at 10.95 GRM / 5.95% Cap Rate on Actuals
  • All Units Fully Renovated
  • Beautiful 4BD/3BA House for Potential Owner's Unit
  • Most 1BD/1BA Units Feature Attractive Patio Entrances
  • 6 Garages Offer ADU Conversion Potential

OVERVIEW

1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. 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.

FOR SALE DETAILS

PRICE

$2,595,000 USD

PRICE/SF

$429 USD /SF

# OF UNITS

11

PRICE/UNIT

$235,909

CAP RATE

5.95%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

10.95 GRM | All Units Renovated

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1921

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,761 SF

ZONING

LBCNR

APN/PARCEL ID

7266-023-009,7266-023-010

ASK ABOUT THIS PROPERTY

Robert SteppStepp CommercialMore Info
310-463-2916

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Robert SteppStepp CommercialMore Info
310-463-2916

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