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1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 10.95 GRM and 5.95% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
Property Type(s):
Residential Income
| Last Updated | 8/12/2024 | Tract | Alamitos Beach (AB) |
|---|---|---|---|
| Year Built | 1919 | Community | Downtown Area, Alamitos Beach |
| Garage Spaces | 6.0 | County | Los Angeles |
Price History
| Prior to Oct 2, '23 | $3,000,000 |
|---|---|
| Oct 2, '23 - Jan 9, '24 | $2,920,000 |
| Jan 9, '24 - Mar 28, '24 | $2,800,000 |
| Mar 28, '24 - May 17, '24 | $2,700,000 |
| May 17, '24 - Jun 10, '24 | $2,650,000 |
| Jun 10, '24 - Today | $2,595,000 |
Additional Details
| AREA | Downtown Area, Alamitos Beach |
|---|---|
| GARAGE | Yes |
| LOT | 0.27 acre(s) |
| LOT DESCRIPTION | 11-15 Units/Acre |
| POOL DESCRIPTION | None |
| SEWER | Public Sewer |
| STORIES | 2 |
| SUBDIVISION | Alamitos Beach (AB) |
| WATER | Public |
| ZONING | LBCNR |
Location
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Listed with Keller Williams - Santa Monica
The information being provided by Conejo Simi Moorpark Association of REALTORS® (“CSMAR”) is for the visitor's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (“IDX”) program of CSMAR. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. Any information relating to a property, regardless of source, including but not limited to square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by CSMAR and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
This IDX solution is (c) Diverse Solutions 2024.
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