Long Beach, CA 90813 1930 E 7th Street
$1,695,000
Pending
6 more
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Beds • 12
Baths • 1
SQFT • 5,406
Year Built • 1943
Home Details
Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
Presented By: Rick Applebaum with Morgan Skenderian; rma@morganskenderian.com
Interior Features for 1930 E 7th Street
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsNoCommonWalls
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesNone
Total Stories2
Other Rooms
Entry Level1
General for 1930 E 7th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.59
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
CountyLos Angeles
DirectionsSouth of 8th Street and West of Cherry Ave.
Electric Expense2228.0
Electric On Property Y/NNo
Entry Location1
Fuel Expense2228.0
Garage Spaces0.0
Garage Y/NNo
Gross Income0.0
HOANo
Home Warranty Y/NNo
Insurance Expense6000.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashToNewLoan, Conventional
Lot Size Square Feet6227.0
Lot Size UnitsSquareFeet
MLS Area699 - Not Defined
MaintenanceExpense6198.0
MobileHomeRemainsYNNo
Net Operating Income77728.0
New ConstructionNo
Number Of Units Total8
Operating Expense46238.0
Pool FeaturesNone
Property Attached Y/NNo
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusPending
StatusPending
Stories2
Tax Annual Amount22591.0
Tax Lot4
Taxes$22,591
Total Actual Rent10650.0
Trash Expense2228.0
Water Sewer Expense2228.0
Waterfront Y/NNo
Year Built1943
Year Built SourceAssessor
ZoningLBCNR
Exterior for 1930 E 7th Street
Building Area Total5406.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.143
Lot Size Area6227.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters9
Number of Separate Gas Meters8
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0
Water SourcePublic
Additional Details
Price History
Alexandra Eston
Sales Associate
