Homes for sale - 2009 E 7th ST, Long Beach, CA 90804

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JLee Broker

[email protected] +1(650) 857-1000

Listed by Mike Marcu • Mike Marcu, Broker

$4,699,000

Est. payment - /mo

0.28 Acres Lot

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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CROC25101601

Year Built 1959

Lot Size 0.280 Acres

Source California Regional MLS

Property Description

This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments. With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Laundry None

Exterior

Parking Features No Parking

Garage Spaces 8.0

Pool None

Building

Sewer Sewer Available

Water District - Public

Others

Tax ID 7262024021

Special Listing Condition Not Applicable

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JLee Broker

+1(650) 857-1000

Broker | License ID: 00851314

Broker License ID: 00851314

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2009 E 7th ST Long Beach, CA 90804

JLee Broker

Key Details

Location

Interior

Exterior

Building

Others

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