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For sale
  • Listing Provided by: 

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Damien Breaux DRE #01460301 949-662-2916,

    Morgan Skenderian

    $2,295,000

    2521 E 7th St, Long Beach, CA 90804

    31beds
    21baths
    9,358sqft
    : 
    Multi Family
    Built in 1963
    -- sqft lot
    $2,267,400 Zestimate®
    $245/sqft
    $-- HOA

    What's special

    Well-appointed unitsElectrical panelsNewer windows
    Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $245.24 and $229,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
    199 days
    on Zillow
    |
    114
    |
    13
    |

    Likely to sell faster than

    Zillow last checked: 7 hours ago

    Listing updated: April 24, 2025 at 05:26am

    Listing Provided by:

    Rick Applebaum DRE #01273871 rma@morganskenderian.com,

    Morgan Skenderian,

    Damien Breaux DRE #01460301 949-662-2916,

    Morgan Skenderian

    Source: CRMLS,MLS#: PW24222928MLS LogoOriginating MLS: California Regional MLS
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    Next available tour time:Tomorrow at 9am

    Facts & features

    Interior

    Bedrooms & bathrooms
    • Bedrooms: 31
    • Bathrooms: 21
    Appliances
    • Laundry: Community
    Features
    • Common walls with other units/homes: No Common Walls
    Interior area
    • Total structure area: 9,358
    • Total interior livable area: 9,358 sqft

    Property

    Parking
    • Total spaces: 5
    • Parking features: Garage
    • Garage spaces: 5
    Features
    • Levels: Two
    • Stories: 2
    • Entry location: 1
    • Pool features: None
    Lot
    • Size: 7,322 Square Feet
    • Features: Lot 6500-9999
    Details
    • Parcel number: 7262019023
    • Special conditions: Standard

    Construction

    Type & style
    • Home type: MultiFamily
    • Property subtype: Multi Family
    Condition
    • New construction: No
    • Year built: 1963

    Utilities & green energy

    • Sewer: Public Sewer
    • Water: Public

    Community & HOA

    Community
    • Features: Curbs, Gutters, Sidewalks
    Location
    • Region: Long Beach

    Financial & listing details

    • Price per square foot: $245/sqft
    • Annual tax amount: $30,594
    • Date on market: 10/28/2024
    • Total actual rent: 14165
    • Income includes: Laundry
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