NOT LISTED FOR SALE

1900 E 7th St Long Beach, CA 90813

North Alamitos Beach Neighborhood
1 Bed
2 Baths
4,170 Sq Ft
6,247 Sq Ft Lot

Last Sold July 31, 2018

Last sale price $1,385,000 $332 Per Sq Ft

72 Days on Market

About This Home

As of July 2018

The subject property is located just blocks away from the thriving downtown Long Beach developments and has a desirable unit mix consisting of (3) one-bedroom/ one-bathroom units and (5) studio units. Built in 1942, the subject property consists of 4,170 rentable square feet on a lot size of 6,247 square feet. It is separately metered for gas and electricity, keeping expenses to a minimum. This property is within a short distance to the hub of tourism, business, and transit that is Downtown Long Beach. This is a rare opportunity to acquire a quality, pride-of ownership asset in this outstanding rental market and would make a great addition to any investors portfolio.
The city of Long Beach continues to progress forwards and is currently experiencing major redevelopment of $2.2 billion. An example of this large scale redevelopment is the Long Beach Civic Center, which is estimated to be completed early 2019. The Civic Center will include a new city hall and the Port of Long Beach headquarters, as well as multifamily residential units. Long Beach sustains its ability to attract renters due to its strong economy and high quality of life.

Last Agent to Sell the Property

Kevin King

Marcus & Millichap License #01158184 Listed on: 03/07/2018

Last Buyer's Agent

NoEmail NoEmail

NONMEMBER MRML

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1942

Lot Details

  • 6,247 Sq Ft Lot
  • Two or More Common Walls
  • Density is 6-10 Units/Acre

Home Design

  • Property Attached

Interior Spaces

  • 4,170 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Parking

  • Parking Available
  • Driveway

Utilities

  • Septic Type Unknown

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 576503
  • Assessor Parcel Number 7266023024

Community Details

Overview

  • 8 Units

Building Details

  • 8 Separate Electric Meters
  • 8 Separate Gas Meters
  • 1 Separate Water Meter
  • Electric Expense $763
  • Fuel Expense $763
  • Gardener Expense $680
  • Insurance Expense $2,440
  • Maintenance Expense $5,626
  • Professional Management Expense $4,500
  • Trash Expense $800
  • Water Sewer Expense $763
  • New Taxes Expense $15,750
  • Operating Expense $32,085
  • Gross Income $93,789
  • Net Operating Income $61,704

Property Details

Home Type

Multi-Family

Year Built

Built in 1942

Lot Details

0

Listing Details

  • Professional Management Expense: 4500.00
  • Property Attached: Yes
  • Subdivision Name Other: Downtown (DT)
  • Water Sewer Expenses: 763.00
  • Zoning: LBCNR
  • Property Type: Residential Income
  • Gardener Expense: 680.00
  • Parcel Number: 7266023024
  • Year Built: 1942
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: No
  • Stories: 2
  • Common Walls: 2+ Common Walls
  • Levels: Two
  • Price Per Square Foot: 332.13

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Driveway

Utilities

  • Laundry: No
  • Sewer: Unknown
  • Trash Expense: 800.00
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 6-10 Units/Acre
  • Lot Size Sq Ft: 6247.00

Multi Family

  • Electric Expense: 763.00
  • Fuel Expense: 763.00
  • Gross Income: 93789.00
  • Gross Scheduled Income: 95700.00
  • Insurance Expense: 2440.00
  • Maintenance Expense: 5626.00
  • Net Operating Income: 61704.00
  • Number Of Separate Electric Meters: 8
  • Number Of Separate Gas Meters: 8
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 8
  • Operating Expense: 32805.00
  • Rent Control: No
  • Total Actual Rent: 95700.00
  • Total Expenses: 32085.00

Tax Info

  • New Taxes Expense: 15750.00
  • Tax Census Tract: 5765.03
  • Tax Lot: 1
  • Tax Tract Number: 576503

Range of Values:

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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
07/31/2018 07/31/18 Sold $1,385,000 -1.1% $332 / Sq Ft
05/18/2018 05/18/18 Pending -- -- --
03/07/2018 03/07/18 For Sale $1,400,000 -- $336 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Kevin King

    Seller's Agent in 2018

    Kevin King

    Marcus & Millichap

    (562) 257-1245

    8 in this area

    45 Total Sales

    Kevin King
    Section Image

  • N

    Buyer's Agent in 2018

    NoEmail NoEmail

    NONMEMBER MRML

    (646) 541-2551

    3 in this area

    5,863 Total Sales

    NoEmail NoEmail
    Section Image
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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW18053321

California Regional Multiple Listing Service (CRMLS)
California Los Angeles County Long Beach 90802 North Alamitos Beach

1900 E 7th St, Long Beach, CA

This home is located at 1900 E 7th St, Long Beach, CA 90813 since 07 March 2018. This property was built in 1942. 1900 E 7th St is a home located in Los Angeles County with nearby schools including Burbank Elementary School, Franklin Middle School, and Long Beach Polytechnic High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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