721 E 7th, Long Beach, CA, US, 90813
721 E 7th, Long Beach, CA, US, 90813Basics
- Date added: Added 5か月 ago
- Category: ResidentialIncome
- Type: Apartment
- Status: Active
- Floors: 2, 2
- Lot size: 7501, 7501 sq ft
- Year built: 1923
- Subdivision Name: Downtown (DT)
- County: Los Angeles
- MLS ID: PW25229051
Description
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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.
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Location
- Directions: 7th Street
- Lot Size Acres: 0.1722 acres
Building Details
- Water Source: Public
- Lot Features: SixteenToTwentyUnitsAcre
- Sewer: PublicSewer
- Building Area Units: SquareFeet
- Common Walls: TwoCommonWallsOrMore
- Garage Spaces: 0
- Levels: Two
- Number Of Buildings: 1
Amenities & Features
- Pool Features: None
- Parking Total: 0
- Laundry Features: None
Expenses, Fees & Taxes
- Trash Expense: $2,597
- New Taxes Expense: $36,664
- Pest Control Expense: $3,000
- Maintenance Expense: $11,200
- Other Expense: $4,800
- Electric Expense: $2,597
- Fuel Expense: $2,597
- Insurance Expense: $17,387
- Licenses Expense: $1,500
- Water Sewer Expense: $2,597
Miscellaneous
- List Office Name: Keller Williams Realty Downey
- Listing Terms: Cash,CashToNewLoan,Exchange1031
- Common Interest: CommunityApartment
- Community Features: Sidewalks
- Attribution Contact: 310-463-2916