10
See all 10 photos
$2,500,000
Est. payment /mo
7,322 Sqft Lot
Active
2521 E 7th ST Long Beach, CA 90804
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UPDATED:
10/28/2024 11:47 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRPW24222928
Originating Board California Regional MLS
Year Built 1963
Lot Size 7,322 Sqft
Property Description
Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
Location
State CA
County Los Angeles
Area 699 - Not Defined
Interior
Laundry Community Facility
Exterior
Garage Spaces 5.0
Pool None
Building
Water District - Public
Others
Tax ID 7262019023
Special Listing Condition Not Applicable
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Listed by Rick Applebaum • Morgan Skenderian
MORTGAGE CALCULATOR
Mortgage values are calculated by Lofty and are for illustration purposes only, accuracy is not guaranteed.
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