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$5,495,000
119 Days Online

4117 E 7th Street
Long Beach, CA 90804

For Sale|Multi-Family|Pending
Subdivision:
Belmont Heights (Bh)
County:
Los Angeles
Listed by Steven Bogoyevac of Steven M. Bogoyevac, Broker

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4117 E 7th Street4117 E 7th Street4117 E 7th Street4117 E 7th Street
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4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and seven one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. 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. Permitting is nearly complete for four one-bedroom/one-bath ADU’s, which are expected to achieve monthly rents of $1,925 per unit. With these four additional units, pricing looks even more attractive at $274,750 per unit with a market cap rate of 6.58 percent. The current owners are willing to serve as consultants for a new owner throughout the ADU construction process. Further adding to this asset’s potential, current rents offer a new investor 36 percent potential upside.

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Listing Snapshot
Price 
$5,495,000
Days Online 
119 Days
Bedrooms 
N/A
Inside Area (SqFt) 
10,925 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.2732 Acres
Year Built 
1962
MLS Number 
PW22044782
Status 
Pending
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
Assessor
Friends & Family
Recent Activity
2 months agoListing updated with changes from the MLS
2 months agoStatus changed to Pending
4 months agoListing first seen online
General Features
Parking Spaces 
8
Sewer 
Public Sewer
Number of Stories 
2
Acreage 
0.2732
Water 
Public
Zoning 
LBCCA
Listing Conditions 
Standard
Interior Features
Laundry Features 
Common Area
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Exterior Features
Pool Features 
None
Community Features
Community Features 
Urban
Senior Community 
No
MLS Area 
2 - Belmont Heights, Alamitos Heights


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
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