PENDING
$155K PRICE DROP
1930 E 7th St Long Beach, CA 90813
North Alamitos Beach NeighborhoodEstimated payment $11,325/month
Total Views
6,675
4
Beds
3
Baths
5,406
Sq Ft
$314
Price per Sq Ft
Highlights
- 0.14 Acre Lot
- Long Beach Polytechnic High School Rated A
- Rectangular Lot
About This Home
Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 10/28/2024
Co-Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01460301
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $22,591
Year Built
- Built in 1943
Lot Details
- 6,227 Sq Ft Lot
- No Common Walls
- Rectangular Lot
Interior Spaces
- 5,406 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 4 Bedrooms
- 3 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 576503
- Assessor Parcel Number 7266023027
- $1,500 per year additional tax assessments
Community Details
Overview
- 8 Units
Building Details
- Rent Control
- 9 Separate Electric Meters
- 8 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,228
- Fuel Expense $2,228
- Gardener Expense $1,534
- Insurance Expense $6,000
- Maintenance Expense $6,198
- Trash Expense $2,228
- Water Sewer Expense $2,228
- New Taxes Expense $22,591
- Operating Expense $46,238
- Gross Income $123,966
- Net Operating Income $77,728
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 03/31/2025 03/31/25 | Pending | -- | -- | -- |
| 01/30/2025 01/30/25 | Price Changed | $1,695,000 | -8.4% | $314 / Sq Ft |
| 10/28/2024 10/28/24 | For Sale | $1,850,000 | -- | $342 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24222871
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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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