Long Beach, CA 90813 1830 1838 E 7th Street
$2,595,000
24 more
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-774-3740
Beds • 18
Baths • 8
SQFT • 6,044
Garage • 6
Year Built • 1919
Home 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.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-774-3740
Interior Features for 1830 1838 E 7th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Total Stories2
Other Rooms
Entry Level1
General for 1830 1838 E 7th Street
Additional Parcels Description7266023010
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.75
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
DirectionsCherry Ave & E 7th St
Electric Expense4610.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense954.0
Garage Spaces6.0
Garage Y/NYes
Gross Income229968.0
HOANo
Home Warranty Y/NNo
Insurance Expense7200.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Exchange1031
Lot Size Square Feet11668.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense7700.0
MobileHomeRemainsYNNo
Net Operating Income154287.0
New ConstructionNo
Number Of Units Total11
Operating Expense75680.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Subdivision NameAlamitos Beach (AB)
Tax LotB
Taxes$33,378
Trash Expense0.0
Water Sewer Expense3840.0
Waterfront Y/NNo
Year Built1919
Year Built SourceAssessor
ZoningLBCNR
Exterior for 1830 1838 E 7th Street
Building Area Total6044.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesElevenToFifteenUnitsAcre
Lot Size Acres0.2679
Lot Size Area11668.0
Lot Size SourceAssessor
Number of Buildings3
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking6.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
Price
$2,595,000
MLS#PW23166122
List Date
09/07/2023
Property Type
Multi-Family
Phone
(562) 537-4182
