721 E 7th, Long Beach, CA 90813 – PW25229051 - Sean Beattie Jr.

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Sean Beattie Jr.

info@seanbeattiejr.com +1(415) 845-8732

$2,795,000

Est. payment - /mo

7,501 Sqft Lot

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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

Subdivision Downtown (Dt)

MLS Listing ID PW25229051

Lot Size 7,501 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 8.87 GRM and 6.67% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building. With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.

Location

State CA

County Los Angeles

Zoning Assessor

Direction 7th Street

Interior

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 7274020015

Acceptable Financing Cash, Exchange

Listing Terms Cash, Exchange

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Listed by Robert Stepp Keller Williams Realty Downey

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Sean Beattie Jr.

+1(415) 845-8732

Agent | CA DRE# 01944311

Agent CA DRE# 01944311

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721 E 7th Long Beach, CA 90813

Sean Beattie Jr.

Key Details

Location

Interior

Exterior

Building

Others

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