2521 E 7th Street
Long Beach, CA 90804
- – beds
- – baths
- – sqft
- 7,322 sqft lot
- 1963 build
- – on site
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.
Listed By CRMLS_CA / Rick Applebaum / Morgan Skenderian / rma@morganskenderian.com
Last checked:
Checking…
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Last updated Oct 31, 2024
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MLS# PW24222928 —
The Building
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Year Built:1963
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Year Built Source:Assessor
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New Construction:No
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Entry Level:1
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Common Walls:No Common Walls
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Building Area Total:9358.00
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Building Area Units:Square Feet
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# of Buildings:1
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Total Number Of Units:10
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Stories Total:2
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# of Separate Gas Meters:11
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# of Separate Water Meters:1
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# of Separate Electric Meters:11
Interior
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Levels:Two
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Entry Location:1
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Laundry:Community
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Laundry:1
Location
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Directions:South of 8th Street and West of Molino Ave.
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Latitude:33.77563600
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Longitude:-118.16168300
The Property
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Property Type:Residential Income
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Subtype:Apartment
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Lot Features:Lot 6500-9999
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Lot Size Area:7322.0000
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Lot Size Acres:0.1681
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Lot Size SqFt:7322.00
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Lot Size Source:Assessor
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Additional Parcels:No
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Land Lease:No
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:21
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Tax Lot:21
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Tax Annual Amount:33145.00
The Listing
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Special Listing Conditions:Standard
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Parcel Number:7262019023
Utilities
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Sewer:Public Sewer
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Water Source:Public
The Community
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Senior Community:No
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Features:Curbs, Gutters, Sidewalks
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Pool:None
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Private Pool:No
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Assessments:Yes
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Assessments:Special Assessments
Parking
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Parking Spaces:5.00
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Garage Spaces:5.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
10/28/24
Oct 28, 2024
|
Listed / Active | CRMLS_CA | $2,500,000 |