1 of 10

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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… • Last updated Oct 31, 2024 •

MLS# PW24222928 —

The Building

Year Built:

1963
Year Built Source:

Assessor
New Construction:

No
Entry Level:

1
Common Walls:

No Common Walls
Building Area Total:

9358.00
Building Area Units:

Square Feet
# of Buildings:

1
Total Number Of Units:

10
Stories Total:

2
# of Separate Gas Meters:

11
# of Separate Water Meters:

1
# of Separate Electric Meters:

11

Interior

Levels:

Two
Entry Location:

1
Laundry:

Community
Laundry:

1

Location

Directions:

South of 8th Street and West of Molino Ave.
Latitude:

33.77563600
Longitude:

-118.16168300

The Property

Property Type:

Residential Income
Subtype:

Apartment
Lot Features:

Lot 6500-9999
Lot Size Area:

7322.0000
Lot Size Acres:

0.1681
Lot Size SqFt:

7322.00
Lot Size Source:

Assessor
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Tract:

21
Tax Lot:

21
Tax Annual Amount:

33145.00

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7262019023

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Senior Community:

No
Features:

Curbs, Gutters, Sidewalks
Pool:

None
Private Pool:

No
Assessments:

Yes
Assessments:

Special Assessments

Parking

Parking Spaces:

5.00
Garage Spaces:

5.00

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
10/28/24 Oct 28, 2024	Listed / Active	CRMLS_CA	$2,500,000

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This multifamily located in Bluff Heights, Long Beach, CA 90804 is currently for sale for $2,500,000. 2521 E 7th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 27 days. 2521 E 7th Street is in the Bluff Heights neighborhood of Long Beach and has a WalkScore® of 93, making it a walker’s paradise. This multifamily is in the attendance area of Willard Elementary School, Jefferson Leadership Academies, and Wilson High School.

Listing Courtesy of: CRMLS_CA and Morgan Skenderian. Based on information from California Regional Multiple Listing Service, Inc. as of 14:44 on Nov 24.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.