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Long Beach, CA 90804 4117 E 7th Street

$5,750,000

4117 E 7Th Street Long Beach, Ca - Image 14117 E 7Th Street Long Beach, Ca - Image 24117 E 7Th Street Long Beach, Ca - Image 3
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com
  • MLS# PW23224426
  • 12/11/2023
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  • BedBeds • 29
  • BathBaths • 2
  • FootageSQFT • 12,760

Home Details

4117 East 7th Street is a 20-unit apartment building with four brand new ADU’s in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADU’s anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this property’s excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.
Presented By: Steven Bogoyevac with Steven M. Bogoyevac, Broker; steve.bogoyevac@marcusmillichap.com

Interior Features for 4117 E 7th Street

Other Interior Features

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

Other Rooms

Entry Level1

General for 4117 E 7th Street

Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesSuburban
CountyLos Angeles
Days on Market51
DirectionsBetween Belmont and Roswell
Electric Expense0.0
Entry Location1
Fuel Expense0.0
Garage Spaces0.0
Garage Y/NNo
Gross Income440435.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Insurance Expense0.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Listing TermsCash, CashtoNewLoan
Lot Size Square Feet11901.0
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income270967.0
New ConstructionNo
Operating Expense158521.0
Pool FeaturesNone
Private PoolNo
Property Attached Y/NNo
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 NameEastside (ES)
Tax Lot3
Total Units20
Trash Expense0.0
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1962
Year Built SourceAssessor
ZoningLBCCA

Exterior for 4117 E 7th Street

Building Area Total12760.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.2732
Lot Size Area11901.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Number of Separate Electric Meters20
Number of Separate Gas Meters20
Number of Separate Water Meters0
Open Parking Y/NNo
SpaNo
Total Parking0.0
Water SourcePublic

Additional Details

Price History

1527188455

First Team Client Services

Price $5,750,000
MLS#PW23224426
List Date 12/11/2023
Property Type Multi-Family
Phone 714.964.3311
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*According to the National Association of Realtors