2703-2705 E 7th St - Apartments FOR SALE


Long Beach, CA 90804- Eastside Long Beach
$999,999 USD
310-447-2213
2703-2705 E 7th St, Long Beach, CA for Sale
$999,999 USD
Apartments - FOR SALE
1/10
null | 4.46% Cap Rate

2703-2705 E 7th St
Long Beach, CA 90804
Eastside Long Beach


HIGHLIGHTS

  • Property to be delivered vacant
  • Prime corner lot in the Rose Park / Circle district
  • Duplex with approved ADU plans
  • Excellent unit mix of (2) 2 Bed + 1 Bath
  • Separately metered with major upgrades of plumbing & new wall furnaces

OVERVIEW

INVESTMENT OPPORTUNITY! Property to be delivered vacant with RTI ADU plans! Zoned LBCNR, 2703-2705 E. 7th St. is a versatile duplex located in the highly sought-after 7th Street district of Rose Park/Circle in Long Beach. Situated on a prime corner lot, this property offers endless possibilities for an owner/user, investors, developers, or business owners. With a mix of commercial and residential zoning, the property allows for various potential uses - buyer to verify. The sale includes RTI (Ready-to-Issue) plans for an ADU, allowing for the option to expand to three units. Buyers can maintain the current configuration or complete the ADU project to maximize rental income. Each existing unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining room, a full kitchen, and a large sitting porch. The property also includes a detached single-car garage, separate electric and gas meters, upgraded plumbing, new wall furnaces, and a recently renovated kitchen in Unit 2703. Currently operating as a successful independent living home, the property generates strong income. Do not let this opportunity pass you by, contact listing agents below.

FOR SALE DETAILS

PRICE

$999,999 USD

PRICE/SF

$648 USD /SF

# OF UNITS

2

PRICE/UNIT

$500,000

CAP RATE

4.46%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1919

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.08 AC

LAND SF

3,659 SF

ZONING

LBCNR

APN/PARCEL ID

7262-017-023

ASK ABOUT THIS PROPERTY

Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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Johnnie StieglerLyon Stahl Investment Real Estate, Inc.More Info
310-447-2213

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