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    3414 E 7th Street

    Long Beach, CA 90804
    • $1,799,000
    • STATUS: Active
    • ON SITE: 43 days
    • ID#: PW21062925
    $1,799,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,345
      SQFT
    • $284
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:

    School Ratings & Info

    Description

    PROPERTY DESCRIPTIONThis mixed-use property consists of 7 residential units and 2 retail units totally approximately 6,345 SF of improvements onapproximately 5,601 SF of land. The building holds strong occupancy with 100% units currently completely leased. Thisbuilding is the perfect investment property for an investor looking for upside since the 7 residential units are all on amonth-to-month lease. This property is well maintained and well managed. The building was also painted last year in 2019!

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T00:34:56.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
    www.myorangecountyhomesearcher.com/homes/115696299
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    3414 E 7th Street Long Beach, CA 90804

    • Price: $1,799,000
    • Status: Active
    • ID#: PW21062925
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    6,345
    SQFT
    $284
    $/SQFT
    1928
    Built
    Neighborhood:
    Eastside (Es)
    County:
    Los Angeles
    Area:
    3 - Eastside, Circle Area
    Property Description
    PROPERTY DESCRIPTIONThis mixed-use property consists of 7 residential units and 2 retail units totally approximately 6,345 SF of improvements onapproximately 5,601 SF of land. The building holds strong occupancy with 100% units currently completely leased. Thisbuilding is the perfect investment property for an investor looking for upside since the 7 residential units are all on amonth-to-month lease. This property is well maintained and well managed. The building was also painted last year in 2019!
    Exterior Features

    Lot Features 6-10 Units/Acre Number Of Separate Electric Meters 0 Parking Features None Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes Road Frontage Type City Street Road Surface Type Paved

    Interior Features

    Common Walls 2+ Common Walls

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 4.67 Common Interest None Community Features BikingDog ParkParkSuburban Electric Expense 1106 Fuel Expense 0 Garage YN No Gross Income 117114 Gross Scheduled Income 117114 Insurance Expense 5535 Land Lease YN No Laundry Features None Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms Owner Will CarryOwner May Carry Net Operating Income 83547 New Construction YN No New Taxes Expense 22488 Number Of Separate Gas Meters 0 Number Of Separate Water Meters 0 Operating Expense 33567 Rent Control YN No Senior Community YN No Sewer None Special Listing Conditions Standard Trash Expense 1724 Utilities Sewer Not Available Water Sewer Expense 1724 Water Source Public Zoning Lbccp

    Listing provided courtesy of Sheva Hosseinzadeh of Coldwell Banker Commercial


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-05-15T00:34:56.333. 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 deemed reliable but is not guaranteed accurate by the MLS or Zutila, Inc.. Licensed in the State of California, USA.
     
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