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$4,995,000
1 Day On Site
2009 E 7th StreetLong Beach, CA 90804
For Sale|Apartment|Active
0
Beds
0
Full Baths
0
Partial Baths
17,730
SqFt
$282
/SqFt
1959
Built
Subdivision:
Historic Rose Park
County:
Los Angeles
Listed by Mike Marcu of Mike Marcu, Broker [email protected]
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This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments. With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.
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Listing Snapshot
Price
$4,995,000
Days On Site
1 Day
Bedrooms
N/A
Inside Area (SqFt)
17,730 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
0.28 Acres
Year Built
1959
MLS® Number
OC25101601
Status
Active
Property Tax
N/A
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| yesterday | Listing first seen on site | |
| yesterday | Listing updated with changes from the MLS® |
General Features
Acres
0.28
Number Of Stories
2
Parking
None
Parking Spaces
8
Property Sub Type
Apartment
Sewer
Public Sewer
Special Circumstances
Standard
SqFt Total
17730
Water Source
Public
Zoning
LBCCA
Interior Features
Laundry Features
None
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Exterior Features
Pool Features
None
Community Features
Building Access
1
Financing Terms Available
Cash
MLS Area
3 - Eastside, Circle Area
This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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