4117 East 7th Street is a 20-unit apartment building with four brand new ADU’s in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore.
4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADU’s anticipated to achieve monthly rents of $2,195.
Current rents offer a new investor 19 percent potential upside, and this property’s excellent location in an area with a strong tenant base make it a great acquisition opportunity.
This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
Property Type :
Residential Income
Subdivision :
Fallbrook
County :
Los Angeles
Style :
Residential Income
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ByOwner last updated this listing 05/01/2024 @ 08:24
MLS: PW23224426
LISTED BY: Steven Bogoyevac, Steven M. Bogoyevac, Broker
SOURCE: CRMLS
Buyer Agency Compensation: 2%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.
