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1308 E 7th St
Long Beach, CA 90813
Multifamily Property For Sale
·
10 Units
Property Facts
| No. Units | 10 | Building Size | 5,920 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1923/2007 |
| Building Class | C | Parking Ratio | 0.4/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | LBCNR | ||
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 5,920 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1923/2007 |
| Parking Ratio | 0.4/1,000 SF |
| Zoning | LBCNR |
Amenities
Unit Amenities
- Air Conditioning
- Wheelchair Accessible (Rooms)
About 1308 E 7TH ST , LONG BEACH, CA 90813
The offering comprises a front building with eight one-bedroom/one-bath units and a rear duplex with one one-bedroom/one-bath and one two-bedroom/one-bath unit. The units have been renovated and are in great condition; recent upgrades include new kitchen cabinetry, fixtures and countertops, wall heaters, new carpet, tile, and interior and exterior paint. Additionally, the electrical has been updated and the roof was resurfaced in 2004. The property also features on-site parking with storage and income-generating on-site laundry. As a turnkey asset with strong cash flow on current rents and additional potential upside, 1308 East 7th Street is a great investment opportunity. The property is located three blocks east of Alamitos Avenue conveniently near numerous retail and public transit options, and it is just one-quarter of a mile from Franklin Middle School. This area is a dense rental market with consistently low vacancy rates.
Property Taxes
| Parcel Number | 7266-012-002 | Improvements Assessment | $626,713 |
| Land Assessment | $1,462,336 | Total Assessment | $2,089,049 |
Property Taxes
