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721 E 7th St
Long Beach, CA 90813
8.87 GRM on Current Rents · Multifamily Property For Sale
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16 Units
Investment Highlights
- Priced at 8.87 GRM /6.88% on Actual Rents
- Updated Electrical Throughout Property
- Prime East Village Arts District
- 15 of the 16 Units are Upgraded
Property Facts
| No. Units | 16 | Building Size | 10,464 SF |
| Property Type | Multifamily | Average Occupancy | 94% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1923 |
| Building Class | C | Parking Ratio | 0.19/1,000 SF |
| Lot Size | 0.17 AC | ||
| Zoning | LBCO - Commercial | ||
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,464 SF |
| Average Occupancy | 94% |
| No. Stories | 2 |
| Year Built | 1923 |
| Parking Ratio | 0.19/1,000 SF |
| Zoning | LBCO - Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 5 | - | - |
| 1+1 | 8 | - | - |
| 2+1 | 3 | - | - |
Property Taxes
| Parcel Number | 7274-020-015 | Improvements Assessment | $1,225,695 |
| Land Assessment | $2,281,597 | Total Assessment | $3,507,292 |
Property Taxes
Parcel Number
7274-020-015
Land Assessment
$2,281,597
Improvements Assessment
$1,225,695
Total Assessment
$3,507,292
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