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Long Beach, CA 90813 516 E 7th Street

$674,980

Sold: Apr 24, 2024
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Presented By: Costanza Genoese Zerbi with Redfin Corporation; 562-221-4527
  • MLS# PW23210806
  • 11/16/2023
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  • FootageSQFT • 1,221

Home Details

HUGE PRICE ADJUSTMENT: Both units are now rented! Wonderful move-in ready, income property, two units: 2/1 and 1/1. Both units just updated. Updates include: New electrical throughout the house, including the basement and everything up to 2023 code , the plumbing was separated for the two units and inspected and updated as needed, and a new gas, water and sewer line were added with city approval, 2 new tankless water heaters installed, new fire-rated walls between units through the attic and all the way up to the roof, new roof installed 10 years ago, front bathroom remodeled in 2023 and the back bathroom remodeled in 2013, new foundation in 2016 and fresh paint throughout. Located in the East Village neighborhood of Long Beach, close to coffee shops, trendy restaurants, public transportation, the 4th corridor, and the beach. Please note, street parking only (no garage)
Presented By: Costanza Genoese Zerbi with Redfin Corporation; 562-221-4527

General for 516 E 7th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Buyer FinancingConventional
Carport Y/NNo
CityLong Beach
Close Price640000.0
Community FeaturesSidewalks
CountyLos Angeles
Days on Market133
DirectionsEast 7th St and Linden Ave
Entry Locationfront door and side door for second unit
ExclusionsSolar Panels
Garage Spaces0.0
Garage Y/NNo
Gross Income45480.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense745.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashtoNewLoan, Conventional
Lot Size Square Feet2127.0
MLS Area4 - Downtown Area, Alamitos Beach
MobileHomeRemainsYNNo
Net Operating Income43725.0
New ConstructionNo
Operating Expense1745.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubTypeDuplex
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Street Name7th
Subdivision NameDowntown (DT)
Tax Lot6
Tenant PaysAllUtilities, CableTV, Electricity, ExteriorMaintenance, Gas, GroundsCare, PestControl, Sewer, TrashCollection, Telephone
Total Units2
Trash Expense500.0
View Y/NNo
Virtual TourClick here
Water Sewer Expense500.0
Waterfront Y/NNo
Year Built1917
Year Built SourcePublicRecords
ZoningLBPD30

Interior for 516 E 7th Street

Air Conditioning Y/NNo
Basement (Y/N)No
BuyerOfficeEmailsamir@keystonefirm.com
Common WallsItem2CommonWalls
Electric On Property Y/NNo
Entry Level1
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesInside
Street SuffixStreet
Total Stories1

Exterior for 516 E 7th Street

Building Area Total1221.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesLevel
Lot Size Acres0.0488
Lot Size Area2127.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $674,980
MLS#PW23210806
List Date 11/16/2023
Property Type Multi-Family
Phone 714.964.3311
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