433 7th Street, Long Beach, CA 90813
  • MLS#: PW25100476 ( Commercial/Residential )
  • Street Address: 433 7th Street
  • Viewed: 5
  • Price: $4,200,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1931
  • Bldg sqft: 0
  • Days On Market: 128
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90813
  • Subdivision: Downtown (dt)
  • Provided by: Justin White
  • Contact: Justin Justin
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    We are pleased to present the exceptional opportunity to acquire a beautifully maintained, fully occupied, 17 unit multi family property located at 433 W. 7th St, Long Beach, CA 90802. This historic Spanish style building, constructed in 1931, combines architectural charm with modern upgrades, offering an ideal investment in the vibrant Long Beach market. Prime Location: Located in the heart of Downtown Long Beach, the property is just minutes from world class dining, entertainment, shopping, and the waterfront. Residents enjoy easy access to major transportation routes, including the 710 Freeway, as well as close proximity to public transit options. Architectural Charm: This 1931 Spanish style building retains much of its original architectural appeal, featuring two elegant rotundas framing the second story landing and a gated entry that leads into a lushly landscaped courtyard. These charming elements create a welcoming atmosphere for tenants. Upgraded Units: The 17 units have been thoughtfully upgraded to maintain their vintage appeal while incorporating modern ?nishes. Most units feature luxurious granite countertops and pedestal sinks in the bathrooms. High 10 ceilings throughout the building provide a spacious, airy feeling for tenants. Generous Unit Sizes: With a total building square footage of 11,015, the property offers an average unit size that is both generous and comfortable, providing ample living space for each of its residents. The well appointed apartments appeal to long term tenants who value quality and comfort. Rooftop Patio: The property features a private rooftop patio, offering stunning views of the city and coastline. This tranquil outdoor space provides tenants with an opportunity to enjoy relaxation, social gatherings, and scenic views, enhancing the overall living experience. Individually Metered: The property is individually metered for both gas and electricity, making it easier to manage utility costs and providing an ef?cient setup for tenants. ADU Potential: The property includes ?ve individual garages, offering potential for additional income through Accessory Dwelling Units (ADUs), subject to buyer veri?cation and city approval. This feature enhances the future income potential of the property.
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Features
Appliances
  1. Water Heater
Architectural Style
  1. Spanish
Assessments
  1. Special Assessments
Building Area Total
  1. 11015.00
Commoninterest
  1. None
Common Walls
  1. 2+ Common Walls
Construction Materials
  1. Stucco
Cooling
  1. Gas
Country
  1. US
Days On Market
  1. 16
Electric Expense
  1. 600.00
Entry Location
  1. W. 7th Street
Fencing
  1. None
Fireplace Features
  1. Bath
  2. Patio
  3. Gas
Flooring
  1. Wood
Foundation Details
  1. Raised
Fuel Expense
  1. 0.00
Garage Rental Rate
  1. 0.00
Garage Spaces
  1. 5.00
Heating
  1. Wall Furnace
Insurance Expense
  1. 16523.00
Interior Features
  1. 2 Staircases
  2. High Ceilings
  3. Storage
Laundry Features
  1. Common Area
Lot Features
  1. 16-20 Units/Acre
Netoperatingincome
  1. 210413.00
Newtaxesexpense
  1. 52089.00
Number Of Separate Electric Meters
  1. 18
Number Of Separate Gas Meters
  1. 17
Number With Carpet
  1. 17
Number With Range
  1. 17
Number Wit Hrefrigerator
  1. 17
Otherexpense
  1. 17352.00
Otherexpensedescription
  1. Misc.
Parcel Number
  1. 7272018023
Parking Features
  1. Assigned
  2. Garage - Single Door
Pool Features
  1. None
Professionalmanagementexpense
  1. 17126.00
Property Type
  1. Commercial/Residential
Property Condition
  1. Repairs Cosmetic
Road Frontage Type
  1. City Street
Road Surface Type
  1. Alley Paved
Roof
  1. Spanish Tile
Security Features
  1. Automatic Gate
  2. Carbon Monoxide Detector(s)
  3. Smoke Detector(s)
  4. Window Bars
Sewer
  1. Public Sewer
Sourcesystemid
  1. CRM
Sourcesystemkey
  1. 438005422:CRM
Subdivision Name Other
  1. Downtown (DT)
Taxblock
  1. 36
Tenant Pays
  1. All Utilities
  2. Cable TV
  3. Gas
Totalexpenses
  1. 123030.00
Trash Expense
  1. 0.00
Utilities
  1. Cable Available
  2. Electricity Available
  3. Natural Gas Available
  4. Phone Available
  5. Sewer Connected
  6. Water Connected
Vacancyallowance
  1. 10276
View
  1. Coastline
  2. Panoramic
Water Sewer Expense
  1. 3200.00
Water Source
  1. Public
Window Features
  1. Wood Frames
Year Built
  1. 1931
Year Built Source
  1. Assessor
Zoning
  1. LBPD10