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721 E 7th Street Long Beach, CA 90813
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Key Details
Sold Price $3,305,000
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID CV22052753
Bedrooms 4
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present this 16 unit opportunity in the "Downtown Adjacent" region of Long Beach. The property consists of 2 separate buildings with the front building housing 12 units and the rear building housing the other 4. There are a total of (11) 1 Bedroom units and (5) Studio units that are separately metered for gas and electricity. A new investor will immediately enjoy strong positive cash flow with a huge upside of 34%+ in rental income once stabilized.
Location
State CA
County Los Angeles
Zoning Assessor
Exterior
View Y/N No
Building
Story 2
Read Less
Bought with Kristopher German RE/MAX 2000 REALTY
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