$2,595,000 Price Analysis   ♡   Long Beach, CA 90813 18 bed 16 bath 6,044 SqFt ($429/SqFt) 0.27 acre lot. Built 1919 Listed 2023-09-07, Taxes $7,167 | Ⓧ USDA Ineligible due to price & location near Long Beach |
1830 - 1838 E.
7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 10.95 GRM and 5.95% cap rate on current rents. The property is comprised of three buldings 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.
Presented by Robert Stepp at
Keller Williams - Santa Monica.
Property MLS #PW23166122 from CRMLS
Lot Description: 11-15 Units/Acre
Lot Size Acres: 0.2679
Lot Size Source: Assessor
Lot Size Square Feet: 11668
Parking Total: 6
Bedrooms in Unit-1: 4
Bedrooms in Unit-2: 3
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 1
Total Bathrooms in Unit-1: 3
Total Bathrooms in Unit-2: 2
Total Bathrooms in Unit-3: 2
Total Bathrooms in Unit-4: 1
Maintenance Expense: 7700.00
County: Los Angeles
Cap Rate: 5.75
Other Expense: 3300.00
Source Property Type: Residential Income
Insurance Expense: 7200.00
Area: 4 - Downtown Area, Alamitos Beach
Source Neighborhood: Alamitos Beach (AB)
New Taxes Expense: 33378.00
Number of Separate Electric Meters: 11
Number of Separate Gas Meters: 11
Number of Separate Water Meters: 1
Parcel Number: 7266023009
Pest Control Expense: 1000.00
Postal Code Plus 4: 5103
Professional Management Expense: 11498.00
Subdivision: Alamitos Beach (AB)
Zoning: LBCNR
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $160,829 + $375,270 $536,099 | $7,167 |
| 2021 | $157,676 + $367,912 $525,588 | $7,013 |
| 2020 | $156,060 + $364,140 $520,200 | $6,995 |
| 2019 | $153,000 + $357,000 $510,000 | $6,914 |
| 2018 | $150,000 + $350,000 $500,000 | $6,654 |
| 2017 | $82,528 + $90,502 $173,030 | $2,719 |
| 2016 | $80,910 + $88,728 $169,638 | $2,531 |
| 2015 | $79,695 + $87,396 $167,091 | $2,442 |
| 2014 | $78,134 + $85,685 $163,819 | $2,449 |
| 2013 | $77,781 + $85,298 $163,079 | $2,382 |
| 2012 | $76,256 + $83,626 $159,882 | $2,410 |
| 2010 | $74,761 + $81,987 $156,748 | $2,297 |
| 2009 | $74,380 + $81,569 $155,949 | $2,258 |
| 2009 | $74,203 + $81,375 $155,578 | $2,258 |
| 2008 | $72,922 + $79,970 $152,892 | $2,108 |
| 2007 | $71,493 + $78,402 $149,895 | $2,035 |
$2,595,000
CRMLS
Price Changed 2024-05-17
$2,650,000
CRMLS
Price Changed 2024-03-28
$2,700,000
CRMLS
Price Changed 2024-01-09
$2,800,000
CRMLS
Price Changed 2023-10-03
$2,920,000
CRMLS
Listed 2023-09-07
$3,000,000
CRMLS
Listing removed 2018-09-10
$1,495
Zumper
Listed for rent 2018-09-06
$1,495
Zumper
Sold 2017-07-07
$1,825,000
CRMLS
Listed 2017-04-24
$1,880,000
CRMLS
Year Built: 1919
Building Features: 3
Common Walls: 2+ Common Walls
Entry Level: 1
Entry Location: 1
Property Age: 105
Property Attached: Yes
Levels or Stories: Two
Building Total Stories: 2
Structure Type: Commercial/Residential
Year Built Source: Assessor
Sewer: Sewer: Public Sewer, Water Sewer Expense: 3840.00
Water Source: Public
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.