CA > Long Beach > Alamitos Beach
Long Beach, CA 90813,721 East 7th Street
Long Beach, CA 90813,721 East 7th Street
Long Beach, CA 90813,721 East 7th Street
Additional details
Paul Ward

Paul Ward

+1(805) 479-5004
Listed by Robert Stepp • Keller Williams - Santa Monica
$3,425,000
Est. payment /mo
10,464 SqFt
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Key Details

Property Type Single Family Home

Sub Type Commercial/Residential

Listing Status Active

Purchase Type For Sale

Square Footage 10,464 sqft

Price per Sqft $327

Subdivision Alamitos Beach

MLS Listing ID PW-25065043

Year Built 1923

Lot Size 7,503 Sqft

Property Sub-Type Commercial/Residential

Property Description

721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 10.87 GRM and 5.55% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building. With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBCO

Interior

Laundry None

Exterior

Parking Features Gated

Pool None

Community Features Sidewalks

Building

Lot Description 16-20 Units/Acre

Sewer Public Sewer

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agent

Paul Ward

+1(805) 479-5004

Broker Associate | License ID: 01354001

Broker Associate License ID: 01354001

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