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Long Beach, CA 90813 1830 1838 E 7th Street

$2,700,000

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Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916
  • MLS# PW23166122
  • 09/07/2023
  • Request Tour
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  • BedBeds • 18
  • BathBaths • 8
  • FootageSQFT • 6,044
  • GarageGarage • 6

Home Details

1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 11.40 GRM and 5.75% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.
Presented By: Robert Stepp with Keller Williams - Santa Monica; 310-463-2916

Interior Features for 1830 1838 E 7th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixStreet
Total Stories2

Other Rooms

Entry Level1

General for 1830 1838 E 7th Street

Additional Parcels Description7266023010
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.75
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks
CountyLos Angeles
Days on Market203
DirectionsCherry Ave & E 7th St
Electric Expense4610.0
Entry Location1
Fuel Expense954.0
Garage Spaces6.0
Garage Y/NYes
Gross Income229735.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense6100.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan, Item1031Exchange
Lot Size Square Feet11668.0
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense7700.0
MobileHomeRemainsYNNo
Net Operating Income155214.0
New ConstructionNo
Operating Expense74521.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
Street Name7th
Subdivision NameAlamitos Beach (AB)
Tax LotB
Taxes$33,330
Total Units11
Trash Expense0.0
View Y/NNo
Water Sewer Expense3840.0
Waterfront Y/NNo
Year Built1919
Year Built SourceAssessor
ZoningLBCNR

Exterior for 1830 1838 E 7th Street

Building Area Total6044.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesItem1115UnitsAcre
Lot Size Acres0.2679
Lot Size Area11668.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings3
Number of Separate Electric Meters11
Number of Separate Gas Meters11
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking6.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $2,700,000
MLS#PW23166122
List Date 09/07/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors