Property listed by Keller Williams Pacific Estates, Julio Bonilla 562-355-8060
$1,399,000
Prime East Side Long Beach - Coastal Gem: 5-Unit Investment Opportunity Blocks Away from the Sand! Asking $1,399,000
Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unit
apartment building, listed at $1,399,000, offers the ultimate in location and income potential, with… Read More the beach a mere seven
blocks away – perfect for enjoying sun, surf, and seaside strolls. The property boasts a desirable unit configuration, including a
charming front 2-bedroom, 2-bathroom house complete with a 2-car garage and two extra parking spots. Ideal setup for
owner occupant seeking cashflow. The rear structure houses four well-appointed units, consisting of studios and one bedrooms, designed for broad appeal in Long Beach's thriving rental market. Property is well maintained with multiple
upgrades and remodeling throughout. Added income is generated from the convenient on-site laundry room. Beyond its
proximity to the Pacific Ocean, this address provides effortless access to an array of amenities. Residents will appreciate the
short distance to California State University, Long Beach (CSULB), as well as the eclectic mix of restaurants, boutiques, and
entertainment found along the renowned 4th Street corridor. Embrace the quintessential Long Beach lifestyle in this
exceptional income-generating property. Easy show and sell. Read Less
Listing Snapshot
Days Online
90
Last Updated
Property Type
MixedUse
Lot Size
0.11 Acres
Year Built
1923
MLS Number
DW25162596
Additional Details
Building
Built in 1923, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: Front
Community
Sidewalks
Expenses
Operating: $39,745
Fireplaces
None
Garage
2 spaces
Heating
WallFurnace
Home Owner's Association
Association Fee: $0
Income
Gross ScheduledIncome: $120,156, Net Operating Income: $80,411
Based on information from California Regional Multiple Listing Service, Inc. as of 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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