2415 E 7th St 5 Unit Apartment Building $1,399,000 ($279,800/Unit) 5.75% Cap Rate Long Beach, CA 90804

Prime East Side Long Beach - Coastal Gem: 5-Unit Investment Opportunity Blocks Away from the Sand! Asking $1,399,000 Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unit apartment building, listed at $1,399,000, offers the ultimate in location and income potential, with the beach a mere seven blocks away – perfect for enjoying sun, surf, and seaside strolls. The property boasts a desirable unit configuration, including a charming front 2-bedroom, 2-bathroom house complete with a 2-car garage and two extra parking spots. Ideal setup for owner occupant seeking cashflow. The rear structure houses four well-appointed units, consisting of studios and one-bedrooms, designed for broad appeal in Long Beach's thriving rental market. Property is well maintained with multiple upgrades and remodeling throughout. Added income is generated from the convenient on-site laundry room. Beyond its proximity to the Pacific Ocean, this address provides effortless access to an array of amenities. Residents will appreciate the short distance to California State University, Long Beach (CSULB), as well as the eclectic mix of restaurants, boutiques, and entertainment found along the renowned 4th Street corridor. Embrace the quintessential Long Beach lifestyle in this exceptional income-generating property. Easy show and sell.