NOT LISTED FOR SALE
3 Beds
2 Baths
4,408 Sq Ft
6,238 Sq Ft Lot

Last Sold April 09, 2021

Last sale price $1,550,000 $352 Per Sq Ft

42 Days on Market

About This Home

As of April 2021

1819 E. 7th Street is a 6-unit multifamily investment property in the City of Long Beach. 1819 E. 7th Street represents an opportunity to acquire a multifamily asset in one of the most desirable submarkets in Los Angeles County. While being centrally located in the heart of the city, the property benefits from being 2-miles (approximately) from the 710 Freeway and 2.5-miles (approximately) from the 405 Freeway. Within the city, residents enjoy easy access to public transit including the light rail Metro A Line which connects the City of Long Beach with Downtown Los Angeles.

Built in 1923, the property consists of an excellent unit mix of two one-bedrooms and four two-bedrooms. The property also offers its residents convenient on-site amenities such as laundry, garage parking, secured entry, as well as, as a warm and inviting courtyard.

1819 E. 7th Street is located on the northside of 7th Street near the cross-streets of 7th St. and Cherry Avenue in the highly desirable neighborhood of Hellman. The property is just minutes from Cal. State Long Beach, 4th Street (Retro Row), Museum of Latin American Art, Shoreline Village, The Pike Outlets, the newly build Long Beach Exchange, as well as, numerous local shopping and dining options.

Last Agent to Sell the Property

Christopher Arvizu

Christopher Arvizu License #01477085 Listed on: 01/07/2021

Last Buyer's Agent

Andrew McAllister

eXp Realty of Greater L.A License #01946829

eXp Realty of Greater L.A

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 6,238 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Parking

  • 4 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 4,408 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 2 Bathrooms

Location

  • Urban Location

Listing and Financial Details

  • Legal Lot and Block 3 / B
  • Tax Tract Number 5764
  • Assessor Parcel Number 7267030003

Community Details

Overview

  • 2 Buildings
  • 6 Units

Amenities

  • Laundry Facilities

Building Details

  • Rent Control
  • 6 Separate Electric Meters
  • 6 Separate Gas Meters
  • 1 Separate Water Meter
  • Operating Expense $37,409
  • Gross Income $110,940
  • Net Operating Income $68,585

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

4

Listing Details

  • Property Attached: Yes
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Parcel Number: 7267030003
  • Year Built: 1923
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 351.63

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 4.00
  • Total Parking Spaces: 4.00

Utilities

  • Laundry: Yes
  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6238.00
  • Lot Size Acres: 0.1432

Multi Family

  • Gross Income: 110940.00
  • Gross Scheduled Income: 110940.00
  • Lot Size Area: 6238.0000 Square Feet
  • Net Operating Income: 68585.00
  • Number Of Separate Electric Meters: 6
  • Number Of Separate Gas Meters: 6
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 6
  • Operating Expense: 37409.00
  • Rent Control: Yes
  • Total Expenses: 37409.00

Tax Info

  • Tax Block: B
  • Tax Census Tract: 5764.03
  • Tax Lot: 3
  • Tax Tract Number: 5764

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/09/2021 04/09/21 Sold $1,550,000 -2.8% $352 / Sq Ft
02/18/2021 02/18/21 Pending -- -- --
01/07/2021 01/07/21 For Sale $1,595,000 -- $362 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW21004028

California Regional Multiple Listing Service (CRMLS)