2521 7th Street, Long Beach, CA 90804
  • MLS#: PW24222928 ( Apartment )
  • Street Address: 2521 7th Street
  • Viewed: 11
  • Price: $2,500,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1963
  • Bldg sqft: 0
  • Days On Market: 82
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90804
  • Provided by: Morgan Skenderian
  • Contact: Rick Rick
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well appointed units offering a mix of 1, 2 & 3 bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected 85% in rental upside, making it an enticing option for long term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
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Features
Assessments
  1. Special Assessments
Building Area Total
  1. 9358.00
Commoninterest
  1. Community Apartment
Common Walls
  1. No Common Walls
Country
  1. US
Electric Expense
  1. 2653.00
Fuel Expense
  1. 2653.00
Garage Spaces
  1. 5.00
Gardner Expense
  1. 1877.00
Insurance Expense
  1. 8655.00
Laundry Features
  1. Community
Laundry Income
  1. 3000.00
Levels
  1. Two
Lot Features
  1. Lot 6500-9999
Netoperatingincome
  1. 93659.00
Newtaxesexpense
  1. 33145.00
Number Of Separate Electric Meters
  1. 11
Number Of Separate Gas Meters
  1. 11
Otherexpense
  1. 1000.00
Otherexpensedescription
  1. admin
Parcel Number
  1. 7262019023
Pool Features
  1. None
Professionalmanagementexpense
  1. 0.00
Property Type
  1. Apartment
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 426158083:CRM
Totalactualrent
  1. 13220.00
Totalexpenses
  1. 63131.00
Trash Expense
  1. 2653.00
Vacancyallowance
  1. 4849
Views
  1. 11
Water Sewer Expense
  1. 2653.00
Water Source
  1. Public
Year Built
  1. 1963
Year Built Source
  1. Assessor