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1900 E 7th St
Long Beach, CA 90813
Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Building Size | 4,170 SF |
| Property Type | Multifamily | Average Occupancy | 87% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1942 |
| Building Class | C | Parking Ratio | 0.75/1,000 SF |
| Lot Size | 0.14 AC | ||
| Zoning | CNR, Long Beach | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 4,170 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1942 |
| Parking Ratio | 0.75/1,000 SF |
| Zoning | CNR, Long Beach |
About 1900 E 7TH ST , LONG BEACH, CA 90813
Marcus and Millichap is pleased to present an 8-unit apartment building located in Long Beach, California. The subject property is located just blocks away from the thriving downtown Long Beach developments and has a desirable unit mix consisting of (3) one-bedroom / one-bathroom units and (5) studio units. Built in 1942, the subject property consists of 4,170 rentable square feet on a lot size of 6,247 square feet. It is separately metered for gas and electricity, keeping expenses to a minimum. This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio. The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $2.2 billion. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | $950.00 | - |
| 1+1 | 3 | $950.00 | - |
Property Taxes
| Parcel Number | 7266-023-024 | Improvements Assessment | $462,938 |
| Land Assessment | $1,082,051 | Total Assessment | $1,544,989 |
Property Taxes
