2521 E 7th Street, Long Beach, CA, US, 90804
2521 E 7th Street, Long Beach, CA, US, 90804Basics
- Date added: Added 5日 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 7322, 7322 sq ft
- Year built: 1963
- County: Los Angeles
- MLS ID: PW24222928
Description
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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 $232.42 and $217,500 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.
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Location
- Directions: South of 8th Street and West of Molino Ave.
- Lot Size Acres: 0.1681 acres
Building Details
- Water Source: Public
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: NoCommonWalls
- Garage Spaces: 5
- Levels: Two
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Parking Total: 5
- Laundry Features: CommonArea
Expenses, Fees & Taxes
- Trash Expense: $2,653
- New Taxes Expense: $29,101
- Maintenance Expense: $8,390
- Tax Annual Amount: $29,101
- Other Expense: $1,000
- Electric Expense: $2,653
- Fuel Expense: $2,653
- Insurance Expense: $8,655
- Water Sewer Expense: $2,653
Miscellaneous
- List Office Name: Morgan Skenderian
- Listing Terms: Cash,CashToNewLoan,Conventional
- Common Interest: CommunityApartment
- Community Features: Curbs,Gutters,Sidewalks
- Attribution Contact: rma@morganskenderian.com