1930 E 7th St - Apartments FOR SALE


Long Beach, CA 90813
$1,850,000 USD
949-500-5099
1930 E 7th St, Long Beach, CA for Sale
$1,850,000 USD
Apartments - FOR SALE
1/12
null | 3.59% Cap Rate

1930 E 7th St
Long Beach, CA 90813


HIGHLIGHTS

  • All Two-Bedroom Units w/Newer Windows & Decks
  • Added Value Opportunity – Projected ±73% in Rental Upside
  • 9.09 GRM and Estimated 8.8% Cash on Cash Return on Market Rents
  • Long Term Ownership – Motivated Sellers
  • Strong Rental Location
  • Part of a (4) Property Portfolio - Can Be Purchased Separately or Together

OVERVIEW

Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.

FOR SALE DETAILS

PRICE

$1,850,000 USD

PRICE/SF

$342 USD /SF

# OF UNITS

8

PRICE/UNIT

$231,250

CAP RATE

3.59%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1943

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,227 SF

ZONING

CN, Long Beach

APN/PARCEL ID

7266-023-027

ASK ABOUT THIS PROPERTY

Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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Rick ApplebaumMorgan-Skenderian Investment Real Estate GroupMore Info
949-500-5099

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