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2123-2131 E 7th St
Long Beach, CA 90804 Eastside Long Beach

$1,325,000 USD

Apartments For Sale  •  7,222 SF

Property Details

  • Property Type Apartments
  • Total Building Size 4,428 SF
  • Lot Size 0.12 AC
  • Building Class C
  • Year Built 1923
60 Transit Score
70 Walk Score

Highlights

7.04% Cap Rate & 9.14 GRM with upside to 8.57% Cap Rate & 8.12 GRM
Across the street from Renowned Heritage - Michelin Starred Restaurant, & New $1M Condos
Four 2 Bed/1 Bath Units and Two 1 Bed/1 Bath Units
Easy Garage Conversion to ADU and/or Additional Units Above Garages
New Roof in 2020 & All SB721 Balcony Work Complete
Three Separate Structures on an XL Lot Consisting of a Large 4-Plex & 2 Detached Units

Amenities

  • Controlled Access
  • Fenced Lot
  • Public Transportation

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 9 min - 3.7 mi
John Wayne/Orange County 29 min - 19.6 mi
Los Angeles International 33 min - 22.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 3
Type: Surface
Included in Rent: Yes
Shane Young 562-556-1118 Young Lewin Advisors
Shane Young 562-556-1118 Young Lewin Advisors