$3,280,000
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721 E 7th ST Long Beach, CA 90813
10,464 SqFt
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Square Footage 10,464 sqft
Price per Sqft $315
Subdivision Downtown (Dt)
MLS Listing ID CV22052753
Year Built 1923
Lot Size 7,501 Sqft
Property Description
We are pleased to present this 16 unit opportunity in the "Downtown Adjacent" region of Long Beach. The property consists of 2 separate buildings with the front building housing 12 units and the rear building housing the other 4. There are a total of (11) 1 Bedroom units and (5) Studio units that are separately metered for gas and electricity. A new investor will immediately enjoy strong positive cash flow with a huge upside of 34%+ in rental income once stabilized.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCO
Rooms
Ensuite Laundry None
Interior
Laundry Location None
Laundry None
Exterior
Pool None
Community Features Curbs, Gutter(s), Sidewalks
Building
Lot Description Item1620UnitsAcre
Story 2
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, CashtoNewLoan
Listing Terms Cash, CashtoNewLoan
Special Listing Condition Standard
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Bought with KRISTOPHER GERMAN • RE/MAX 2000 REALTY