$5,750,000 - 4117 7th Street, Long Beach

  • 3Beds
  • 2Baths
  • 0SQ. Feet
  • 0.27Acres

4117 East 7th Street is a 20-unit apartment building with four brand new ADU’s in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADU’s anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this property’s excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.

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Sales Agent

Sam SmithBeach Cities Real EstatePhone: 562-355-8228 Cell: 562-355-8228 Contact Agent Now

Essential Information

  • MLS® #:PW23224426
  • Price:$5,750,000
  • Bedrooms:3
  • Bathrooms:2.00
  • Acres:0.27
  • Year Built:1962
  • Type:Residential Income
  • Sub-Type:Mixed Use
  • Status:Active
  • Listing Agent:Steven Bogoyevac
  • Listing Office:Steven M. Bogoyevac, Broker

Community Information

  • Address:4117 7th Street
  • Area:3 - Eastside, Circle Area
  • Subdivision:Eastside (ES)
  • City:Long Beach
  • County:Los Angeles
  • Zip Code:90804

Amenities

  • Pool:None

Interior

  • # of Stories:2
  • Stories:Two

Additional Information

  • Date Listed:December 11th, 2023
  • Days on Market:143
  • Zoning:LBCCA

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Similar Neighborhoods to "Eastside (ES)" in Long Beach, California

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Eastside (es)

  • City:
    Long Beach
  • Price Range:
    $799,000 - $5,750,000
  • Current Listings:
    20
  • HOA Dues:
    $0
  • Average Price per Square Foot:
    $

Alamitos Beach (ab)

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Based on information from California Regional Multiple Listing Service, Inc. as of May 2nd, 2024 at 7:15am CDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.