$2,795,000

721 E 7th, Long Beach, CA 90813

3 beds |
3 baths

Multi-Family Home
Built in ——
7,501sqft lot
—— car garage
$——/sqft
Listed 2 months ago

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 8.87 GRM and 6.88% 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.

Listing Status:: Active
Listing Office:: Keller Williams Realty Downey : 562-334-1500
Listing Agent:: Robert Stepp : 310-463-2916
MLS ID:: PW25229051

Pool: N/K

General: 2 Story

Originating MLS: California Regional MLS
County: Los Angeles

Zoning: Assessor7274020015

Source: California Regional MLS

This listing courtesy of Robert Stepp, Keller Williams Realty Downey

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Robert Louis Stevenson Elementary School

515 Lime Ave, Long Beach, CA, 90802

Grades KG-5

0.17 miles away

Franklin Classical Middle School

540 Cerritos Ave, Long Beach, CA, 90802

Grades 6-8

0.34 miles away

Renaissance High School for the Arts

235 E 8th St, Long Beach, CA, 90813

Grades 9-12

0.41 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.