4117 E 7th Street Long Beach, CA ^$ 5,750,000

4117 E 7th Street

^$ 5,750,000

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4117 E 7th Street

Long Beach, CA, 90804

^$ 5,750,000

Bedrooms29 Baths2.0 Sq 12,760

Monthly Estimate*

^$ 40,165

Listed by Steven M. Bogoyevac, Broker

4117 E 7th Street, Long Beach, CA 90804 - Image 1

4117 E 7th Street, Long Beach, CA 90804 - Image 2

4117 E 7th Street, Long Beach, CA 90804 - Image 3

4117 E 7th Street, Long Beach, CA 90804 - Image 4

Multi-Family Home for sale in Long Beach, CA

for $5,750,000 with 29 bedrooms and 2 full baths. This 12,760 square foot home was built in 1962 on a lot size of 0.2732.

4117 East 7th Street is a 20-unit apartment building with four brand new ADU’s in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADU’s anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this property’s excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.

Multi-Family Active

Price

^$ 5,750,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

MixedUse

Lot Size

0.2732

Year Built

1962

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW23224426

Days on Market

155

Features

General

Sewer PublicSewer

Zoning LBCCA

Garage Spaces 0.0

Pool Features None

Year Built 1962

Stories 2

Levels Two

Property SubType MixedUse

Gross Income 440435.0

Community Features Suburban

County Los Angeles

Net Operating Income 270967.0

Operating Expense 158521.0

Insurance Expense 0.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Subdivision Name Eastside (ES)

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions Between Belmont and Roswell

City Long Beach

Entry Location 1

View Y/N N

Senior Community Y/N N

Total Units 20

MLS Area 3 - Eastside Circle Area

Lot Size Square Feet 11901.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name 7th

Listing Terms Cash CashtoNewLoan

Property Attached Y/N N

Land Lease Y/N N

Electric Expense 0.0

Home Warranty Y/N N

Fuel Expense 0.0

Trash Expense 0.0

Water Sewer Expense 0.0

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N Y

Days on Market 51

Building Area Units SquareFeet

Standard Status Active

Year Built Source Assessor

Tax Lot 3

Property Sub Type Additional MixedUse

Exterior

Water Source Public

Total Parking 0.0

Lot Size Area 11901.0

Number of Buildings 1

Spa N

Building Area Total 12760.0

Lot Size Acres 0.2732

Lot Size Units SquareFeet

Lot Size Source Assessor

Number of Separate Water Meters 0

Number of Separate Gas Meters 20

Number of Separate Electric Meters 20

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 NoCommonWalls

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Street Suffix Street

Laundry Features CommonArea

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 4117

* Excluded Features

List By

Steven M. Bogoyevac, Broker

Broker

(562) 257-1231

Phone

Affordability Calculator

$40,165

Per Month

Monthly Principal & Interest: $40,165
Monthly Property Taxes: --
Monthly Home Insurance: --

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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 64%

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
1/31/2024	$5,750,000	-4.17%	Price Down
12/12/2023	$6,000,000		Listed Price

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4117 E 7th Street, Long Beach, CA, 90804 is a Multi-Family Home for sale at $5,750,000 with 12,760 sqft and a lot size of 0.2732. 4117 E 7th Street has 29 bedrooms, 2.0 baths, and was built in 1962. The property's zip code is 90804 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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4117 E 7th Street

Multi-Family Home for sale in Long Beach, CA

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