2521 7th Street, Long Beach, CA 90804
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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
- DMCA Notice
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DescriptionIntroducing 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.
Property Location and Similar Properties
Features
Assessments
- Special Assessments
Building Area Total
- 9358.00
Commoninterest
- Community Apartment
Common Walls
- No Common Walls
Country
- US
Electric Expense
- 2653.00
Fuel Expense
- 2653.00
Garage Spaces
- 5.00
Gardner Expense
- 1877.00
Insurance Expense
- 8655.00
Laundry Features
- Community
Laundry Income
- 3000.00
Levels
- Two
Lot Features
- Lot 6500-9999
Netoperatingincome
- 93659.00
Newtaxesexpense
- 33145.00
Number Of Separate Electric Meters
- 11
Number Of Separate Gas Meters
- 11
Otherexpense
- 1000.00
Otherexpensedescription
- admin
Parcel Number
- 7262019023
Pool Features
- None
Professionalmanagementexpense
- 0.00
Property Type
- Apartment
Sewer
- Public Sewer
Sourcesystemid
- CRM
Sourcesystemkey
- 426158083:CRM
Totalactualrent
- 13220.00
Totalexpenses
- 63131.00
Trash Expense
- 2653.00
Vacancyallowance
- 4849
Water Sewer Expense
- 2653.00
Water Source
- Public
Year Built
- 1963
Year Built Source
- Assessor