1830 1838 E 7th Street Long Beach, CA ^$ 2,700,000

1830 1838 E 7th Street

^$ 2,700,000

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1830 1838 E 7th Street

Long Beach, CA, 90813

^$ 2,700,000

Bedrooms18 Baths8.0 Sq 6,044

Monthly Estimate*

^$ 18,860

Listed by Keller Williams - Santa Monica

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Multi-Family Home for sale in Long Beach, CA

for $2,700,000 with 18 bedrooms and 8 full baths. This 6,044 square foot home was built in 1919 on a lot size of 0.2679.

1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 11.40 GRM and 5.75% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.

Multi-Family Active

Price

^$ 2,700,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.2679

Year Built

1919

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23166122

Days on Market

251

Features

General

Sewer PublicSewer

Zoning LBCNR

Garage Spaces 6.0

Pool Features None

Year Built 1919

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 229735.0

Community Features Sidewalks

Additional Parcels Description 7266023010

County Los Angeles

Net Operating Income 155214.0

Operating Expense 74521.0

Insurance Expense 6100.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Alamitos Beach (AB)

Garage Y/N Y

Special Listing Conditions Standard

Status Active

Directions Cherry Ave & E 7th St

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 11

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Square Feet 11668.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 7th

Listing Terms Cash CashtoNewLoan Item1031Exchange

Property Attached Y/N Y

Land Lease Y/N N

Electric Expense 4610.0

Home Warranty Y/N N

Fuel Expense 954.0

Trash Expense 0.0

Water Sewer Expense 3840.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 203

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot B

Property Sub Type Additional MixedUse

Taxes 33330.0

Cap Rate 5.75

Exterior

Lot Features Item1115UnitsAcre

Water Source Public

Total Parking 6.0

Lot Size Area 11668.0

Number of Buildings 3

Spa N

Building Area Total 6044.0

Lot Size Acres 0.2679

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 11

Number of Separate Electric Meters 11

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 2

Common Walls Item2CommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features Inside

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 1830

* Excluded Features

List By

Keller Williams - Santa Monica

Broker

(310) 774-3740

Phone

Affordability Calculator

$18,860

Per Month

Monthly Principal & Interest: $18,860
Monthly Property Taxes: --
Monthly Home Insurance: --

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Loan Term

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Yearly Home Insurance

Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$2,090,646

Percent of Sale Price 23%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/28/2024	$2,700,000	-3.57%	Price Down
1/10/2024	$2,800,000	-4.11%	Price Down
10/3/2023	$2,920,000	-2.67%	Price Down
9/7/2023	$3,000,000		Listed Price

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1830 1838 E 7th Street, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,700,000 with 6,044 sqft and a lot size of 0.2679. 1830 1838 E 7th Street has 18 bedrooms, 8.0 baths, and was built in 1919. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 5/14/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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1830 1838 E 7th Street

Multi-Family Home for sale in Long Beach, CA

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