Address
2022 E 7th Street Long Beach, CA
Price
$ 2,472,000
Property Attributes
  • MLS#PW20258168
  • TypePending
  • CountyLOS ANGELES
  • CityLong Beach
  • AreaEastside - Circle Area
  • NeighborhoodEastside
  • Zip90804
  • Style
  • Price$ 2,472,000
  • Bedrooms8
  • Full Bathrooms8
  • Half Bathrooms0
  • Lot Size7,002 SqFt
Listing Provided Courtesy Of:
Kevin King with Marcus & Millichap.
Data Source:
CRMLS
Property Description

We are pleased to present an 8-unit apartment building located in Long Beach, California. Built in 1987, the subject property consists of 6,944 rentable square feet spread throughout a 7,001 square foot lot. The unit mix consists of all 2- bedroom / 2-bathroom units. It is separately metered for gas and electricity. Owners enjoy the high demand for rentals in a coastal city of Southern California. Tenants enjoy living close to the ocean and Downtown Long Beach where there are shops, restaurants, cafes, entertainment centers and grocery stores. The city of Long Beach continues to progress forward and is currently experiencing major redevelopment. The Long Beach port is undergoing $4.4 billion in future redevelopment that will create 14,000 new and permanent jobs in Southern California. The $495 million Long Beach Courthouse was completed and opened in September 2013. Long Beach sustains its ability to attract renters due to its strong economy and quality of life. This is an excellent opportunity to acquire a quality asset in a high demand rental market with strong in place income in one of the best neighborhoods of Long Beach.

Price History
12/16/2020 Listed $2,472,000

General Features

Community Features Curbs, Sidewalks
Levels Two
MLS Area 3 - Eastside, Circle Area
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Sewer Public Sewer, Septic Type Unknown
Subdivision Name Eastside (ES)
Terms Cash, Cash to New Loan, 1031 Exchange
Total Actual Rent 12790
Total Units 8
Water Sewer Expense 951
Zoning LBCCA

Interior Features

Common Walls 2+ Common Walls
Laundry Features Common Area

Exterior Features

Lot Features 6-10 Units/Acre
Lot Size Acres 0.16
Lot Size Area 7002
Lot Size Source Assessor
Lot Size Square Feet 7002
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 8
Number of Separate Gas Meters 8
Number of Separate Water Meters 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90804

Price
AVG $690K
$2.47M
Visits
AVG 93
209
Year Built
AVG 1968
1986
Walkscore
AVG 82
95
Data Provided by Walkscore ® not using MLS data

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