338-350 E 7th St | Long Beach, CA 90813
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338-350 E 7th St
Long Beach, CA 90813
5.11% Cap in Long Beach "East Village" · Multifamily Property For Sale
·
8 Units
Property Facts
| No. Units | 8 | Lot Size | 0.12 AC |
| Property Type | Multifamily | Building Size | 6,713 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built/Renovated | 1912/2017 |
| Building Class | C | ||
| Zoning | CH | ||
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 6,713 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1912/2017 |
| Zoning | CH |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Refrigerator
- Oven
- Range
- Tub/Shower
- Family Room
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Gated
- Private Bathroom
- Smoke Detector
About 338-350 E 7TH ST , LONG BEACH, CA 90813
• Built 1912, Renovated 2017-18 • Unit Mix: (10) Large 1 Bed / 1 Bath Units • 20% Rent Increases to $1,395 in Effect Feb. 1, 2018 – Only 1 tenant vacated • Upgraded Units include Bluetooth wireless light fixtures and bathroom speakers • Rents Still Roughly 11% Below Market – 6.03% Cap Rate at Achievable Market Rents • Walking Distance to Multiple Public Parking Garages – Monthly or Yearly Rates Available
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 839 - 850 |
Property Taxes
| Parcel Number | 7273-027-007 | Improvements Assessment | $776,566 |
| Land Assessment | $1,809,146 | Total Assessment | $2,585,712 |
Property Taxes
Parcel Number
7273-027-007
Land Assessment
$1,809,146
Improvements Assessment
$776,566
Total Assessment
$2,585,712
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