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Listed by: Robert Stepp (310) 774-3740 DRE #01456379 | Keller Williams Realty Downey (562) 334-1500
$2,795,000
3 Beds
- 3 Baths
--sqft
721 E 7Th, Long Beach, CA 90813
$2,795,000
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Apartment
Built in 1923
$-- HOA
7,501 sqft lot
--/sqft
Description
721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 8.87 GRM and 6.88% cap rate on current rents.
The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building.
With a Walk Score of 92, the property is in prime East Village Arts District, offeri...
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1923
HOA Fees
-
Finished Area
- sqft
Lot Size
7,501 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
PW25229051
MLS Status
Active
Days on Market
66
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