1100 E 7Th Street

  • Long Beach

  • $2,365,000
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Residential Income Details

Description
A unique opportunity to own a 10-unit long-term rental property in an up-and-coming Long Beach neighborhood. Just blocks from downtown, Retro Row, the beach, Long Beach City College, shopping, restaurants, public transportation, this property has it all. The building has undergone a complete gut renovation and remodel including new plumbing, electrical, cabinets, countertops, quartz slab shower surrounds, fixtures and hardware. Included in each unit: refrigerator, cooktop, air conditioning, stacked washer/dryer and ample loft-style storage. Polished concrete flooring, exposed brick walls, 12-foot ceilings, large windows for natural light, and industrial finishes give these units a uniquely in-demand architectural style requiring minimal maintenance due to the durability of the surfaces and the simplicity of the design. Property is fully-occupied with long-term leases in place and tenants have been screened to the most stringent of standards. All rents listed are ACTUAL. This is a turnkey property in a location with significant upside.
Essential
MLS #OC18191822
Price$2,365,000
Number of Units10
Sale TypeStandard
Sub-TypeApartment
StatusActive
Listing BrokerageTimothy Stuart, Broker
Listing AgentTim Stuart
Listing Agent BRE #01742379
Interior
FeaturesBrick Walls,High Ceilings (9 Feet+),Open Floor Plan,Recessed Lighting,Stone Counters,Storage Space,Unfurnished,Wired for Data
FloorConcrete
AppliancesElectric Stove,Garbage Disposal,Gas Water Heater,Hot Water Circulator,Refrigerator
CoolingHeat Pump,Electric,High Efficiency,SEER Rated 13-15
HeatingHeat Pump,Electric,High Efficiency
FireplaceNone
Exterior
ParkingDriveway - Concrete,Garage,Garage - Front Entry,Garage - Single Door,Garage Door Opener,Workshop
Garage Spaces2
ViewNeighborhood
PoolNone
SpaNone
RoofingBitumen,Rolled/Hot Mop
Community
Area4 - Downtown Area, Alamitos Beach
TractAlamitos Beach (AB)
CommunityCurbs,Sidewalks,Storm Drains,Street Lighting,Urban
Address1100 E 7Th Street
CityLong Beach
CountyLos Angeles
StateCA
ZipCode90813
School

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Based on information from California Regional Multiple Listing Service, Inc. as of Tuesday, August 14, 2018. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.