1830 1838 E 7th ST Long Beach, CA 90813
Active
$2,595,000
14%
11 Units
10 Beds
8 Baths
6,044 Area(sq.ft.)
11,668 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 4 | 3 | No | $ 3,000 | $ 3,000 | $ 4,000 |
| Unit 2 | 1 | 3 | 2 | No | $ 1,995 | $ 1,995 | $ 2,995 |
| Unit 3 | 2 | 2 | 2 | No | $ 2,045 | $ 4,090 | $ 2,395 |
| Unit 4 | 7 | 1 | 1 | No | $ 1,501 | $ 10,507 | $ 1,795 |
| 4 | 11 | 18 | 16 | $ 19,592 | $ 86,724 | $ 24,350 |
| MLS #: | PW23166122MR |
| Days On Market: | 470 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 429 |
| Price per unit: | $ 235,909 |
| Year Built: | 1919 |
Property Details
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.Interested in this Listing?
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Income Details
| Rent Control: | Yes |
| Total Annual Expense: | $ 75,680 |
| Net Operating Income: | $ 154,287 |
| Cap Rate: | 5.75% |
| Gross Rent Multiplier: | 11.40 |
Structure
| Community Features: | Sidewalks |
| Sewer: | Public Sewer |
| Water: | Public |
Land & Parking
| Zoning: | LBCNR |
| Land Lease Type: | Fee |
Interior
| Laundry: | Inside |
Exterior
| Pool: | No |
Detailed Map
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Income
