Active
4117 E 7th Street
Long Beach CA, 90804
$5,750,000
$450.63 per sqft
Active
12,760 sqft
Multi-family
Built in 1962
Listed by Steven Bogoyevac with Steven M. Bogoyevac, Broker 562-436-5800
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.
PW23224426
MLSⓇ ID
December 11, 2023
Listed
March 28, 2024
Updated
Map
4117 E 7th Street
Long Beach CA, 90804
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.27 Acres
Sewer
Public Sewer
Other Property Details
Area Name
3 - Eastside, Circle Area
Days on Market
51
Garage
No
Parking Total
0
View
No
County
Los Angeles
Water Source
Public
Pool
No
Pool Features
None
Zoning
LBCCA
Buyer Agency Compensation
2%
Listing History
Date | Event | Price |
|---|---|---|
1/31/2024 | Price Change | $5,750,000 -5% |
Listing Contact: 562-436-5800
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/28/2024. 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, the 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. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
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Data last updated on 3/28/2024 at 3:32 PM UTC