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2823 E 7th ST Long Beach, CA 90804
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Key Details
Sold Price $3,150,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID SB21236178
Sold Date 03/04/22
HOA Y/N No
Year Built 1954
Lot Size 7,000 Sqft
Property Description
Excellent Rose Park location, close to Retro Row, Belmont Heights and Alamitos Beach. Extensively renovated 10 unit property including newer roof, windows, electrical panels, controlled access, exterior refresh, landscaping, common areas, and lighting. 7 out of 10 unit interiors with deluxe upgrades including modern kitchens and bathrooms. Stabilized asset at a 4.3% cap rate on actual rents with an upside to 4.8% 4 garages plus 4 off street parking spaces. Community laundry facility for extra income. Great unit mix with 4 two bedroom units and 6 one bedroom units. Excellent ADU potential with 4 garages that could be converted with entry onto the courtyard.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCNR
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Fireplace No
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks, Urban
Total Parking Spaces 4
Private Pool No
Building
Lot Description 0-1 Unit/Acre
Story 2
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7258017023
Energy Description 1418.0
Acceptable Financing Cash, Cash to New Loan, Conventional
Listing Terms Cash, Cash to New Loan, Conventional
Financing Cash to Loan
Special Listing Condition Standard
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Bought with Cris Molles • The Realestate Group
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