2521 E 7th St - Apartments FOR SALE


Long Beach, CA 90804
$2,500,000 USD
949-500-5099
2521 E 7th St, Long Beach, CA for Sale
$2,500,000 USD
Apartments - FOR SALE
1/11
null | 3.75% Cap Rate

2521 E 7th St
Long Beach, CA 90804


HIGHLIGHTS

  • Incredible Unit Mix Consisting of 1, 2 & 3-Bedrooms
  • Price at $267.15/SF and $250,000/Unit
  • Added Value Opportunity – Projected ±85% in Rental Upside
  • Long Term Ownership – Motivated Sellers
  • Newer Windows, Electrical Panels & Railings
  • Part of a (4) Property Portfolio - Can Be Purchased Separately or Together

OVERVIEW

Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$267 USD /SF

# OF UNITS

10

PRICE/UNIT

$250,000

CAP RATE

3.75%

% 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

1963

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,322 SF

ZONING

-

APN/PARCEL ID

7262-019-023

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.