Long Beach, CA 90804,2823 E 7th ST
Long Beach, CA 90804,2823 E 7th ST
Long Beach, CA 90804,2823 E 7th ST
18
$3,150,000
$3,150,000
Est.Price: ?

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7,000 Sqft Lot

2823 E 7th ST Long Beach, CA 90804

Est. payment /mo
SOLD DATE : 03/04/2022

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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

Interior

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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California Regional MLS (CRMLS)
Listed by Anthony Walker • Buckingham Investments, Inc
Bought with Cris Molles • The Realestate Group

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JT Contrestano

Broker Associate | License ID: 01920263

+1(559) 360-2931

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