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1930 E 7th St
Long Beach, CA 90813 Downtown Long Beach

$1,850,000 USD

Apartments For Sale  •  5,406 SF

Property Details

  • Property Type Apartments
  • Total Building Size 5,406 SF
  • Lot Size 0.14 AC
  • Building Class C
  • Year Built 1943
  • Cap Rate 3.59 %
  • Zoning CN, Long Beach
50 Transit Score
94 Walk Score

Highlights

All Two-Bedroom Units w/Newer Windows & Decks
Added Value Opportunity – Projected ±73% in Rental Upside
9.09 GRM and Estimated 8.8% Cash on Cash Return on Market Rents
Long Term Ownership – Motivated Sellers
Strong Rental Location
Part of a (4) Property Portfolio - Can Be Purchased Separately or Together

Financial Summary (Actual)

Net Operating Income: $66,400 USD (2023)
Cap Rate: 3.59 %
Total Expenses: $47,672 USD

Amenities

  • Controlled Access

Public Transportation

AirportDriveWalkDistance
Long Beach (Daugherty Field) 8 min - 3.6 mi
John Wayne/Orange County 28 min - 19.8 mi
Los Angeles International 33 min - 22.6 mi
Rick Applebaum 949-432-6954 Morgan-Skenderian Investment Real Estate Group
Rick Applebaum 949-432-6954 Morgan-Skenderian Investment Real Estate Group