4117 E 7th St | Long Beach, CA 90804
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- LoopNet Team
4117 E 7th St
Long Beach, CA 90804
Multifamily Property For Sale · 16 Units
INVESTMENT HIGHLIGHTS
- 16-Unit Apartment Building in the Desirable Belmont Heights Neighborhood Within Walking Easy Distance of Recreation Park and Colorado Lagoon
- 36 Percent Potential Upside in Current Rents
- Permits Nearly Complete for 4 ADU’s - Anticipated Rents of $1,925/Unit - Making Pricing More Attractive at $274,50/ Unit and a Market Cap Rate of 6.58
- Strong Coastal Submarket With Consistently Low Vacancy and a Rental Increase Rate Higher Than the LA Metro Average
PROPERTY FACTS
| No. Units | 16 | Lot Size | 0.27 AC |
| Property Type | Multifamily | Building Size | 12,760 SF |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1962 |
| Building Class | C |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.27 AC |
| Building Size | 12,760 SF |
| No. Stories | 2 |
| Year Built | 1962 |
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 7 | - | 750 |
| 2+1 | 9 | - | 1,000 |
PROPERTY TAXES
| Parcel Number | 7254-021-032 | Improvements Assessment | $2,040,000 |
| Land Assessment | $3,468,000 | Total Assessment | $5,508,000 |
PROPERTY TAXES
Parcel Number
7254-021-032
Land Assessment
$3,468,000
Improvements Assessment
$2,040,000
Total Assessment
$5,508,000
ZONING
| Zoning Code | CCA, Long Beach (Community Automobile-Oriented District) |
| CCA, Long Beach (Community Automobile-Oriented District) |
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