1930 E 7th St, Long Beach, CA 90813 | Closed

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Off-Market Call for Pricing

Call for Pricing
  • (0)
  • Unknown Bedrooms
  • Unknown Bathrooms
  • Unknown Sq Ft
  • 6,227 Sq Ft
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Description

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.

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Amenities

Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt

Income

Rental Units


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Expenses

Property Details

List Price $1,695,000
Property Type Condo/Co-Op
Usable Sqft Unknown
Number of Stories 2 stories
Parking Spots 0 spots
Year Built 1943
Last Sold June 30, 2025
Sold Price 1,525,000
APN # 7266023027
MLS # PW24222871
Property ID 291992772
Lot Sqft 6,227
Zoning LBCNR
Total Units 8
Date Updated June 30, 2025
Date Created October 28, 2024
Unit # Beds Baths Current Rent Proforma Rent
Unit #1 $10,650 $0
Net Income (Yr) $ 77,728
Cap Rate4.59%

Listing Provided By

Rick Applebaum an agent of Morgan Skenderian. Lic #01273871


© 2025 CRMLS. All rights reserved. Some listings on this website are from CRMLS as of June 30, 2025 The information being provided is for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.



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