Silva Babaian  Realtor, Real Estate Agent, Granada Hills, CA

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    2521 7th Street, Long Beach, CA 90804
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    2521 7th Street
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    • MLS#: PW24222928 ( Apartment )
    • Street Address: 2521 7th Street
    • Viewed: 7
    • Price: $2,500,000
    • Price sqft: $0
    • Waterfront: No
    • Year Built: 1963
    • Bldg sqft: 0
    • Days On Market: 56
    • Additional Information
    • County: LOS ANGELES
    • City: Long Beach
    • Zipcode: 90804
    • Provided by: Morgan Skenderian
    • Contact: Rick Rick
    • California Regional MLS IDX
    • DMCA Notice
    • Description
      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 $267.15/SF and $250,000 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.
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    Features
    Assessments
    1. Special Assessments
    Building Area Total
    1. 9358.00
    Commoninterest
    1. Community Apartment
    Common Walls
    1. No Common Walls
    Country
    1. US
    Electric Expense
    1. 2653.00
    Fuel Expense
    1. 2653.00
    Garage Spaces
    1. 5.00
    Gardner Expense
    1. 1877.00
    Insurance Expense
    1. 8655.00
    Laundry Features
    1. Community
    Laundry Income
    1. 3000.00
    Levels
    1. Two
    Lot Features
    1. Lot 6500-9999
    Netoperatingincome
    1. 93659.00
    Newtaxesexpense
    1. 33145.00
    Number Of Separate Electric Meters
    1. 11
    Number Of Separate Gas Meters
    1. 11
    Otherexpense
    1. 1000.00
    Otherexpensedescription
    1. admin
    Parcel Number
    1. 7262019023
    Pool Features
    1. None
    Professionalmanagementexpense
    1. 0.00
    Property Type
    1. Apartment
    Sewer
    1. Public Sewer
    Sourcesystemid
    1. CRM
    Sourcesystemkey
    1. 426158083:CRM
    Totalactualrent
    1. 13220.00
    Totalexpenses
    1. 63131.00
    Trash Expense
    1. 2653.00
    Vacancyallowance
    1. 4849
    Water Sewer Expense
    1. 2653.00
    Water Source
    1. Public
    Year Built
    1. 1963
    Year Built Source
    1. Assessor
    Headshot for Associate Silva Babaian
    1. Silva Babaian / Realtor
    2. Coldwell Banker Exclusive
    3. CalBRE Lic # 01365805
    4. Mobile: 818.414.6744
    5. Fax: 818.338.5836