1830 - 1838 E.7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at11.59 GRMand 5.66% cap rate on current rents. The property is comprised of three buildings situated on an11, 668-square-foot lot. There are seven1BD / 1BAunits; two2BD / 2BAunits; one3BD / 2BAunit; and one4BD / 3BAhouse that could be an excellent owner's unit. Most of the1BD / 1BAunits 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.
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The average household income in
Long Beach, CA
grew
from
$60,557
to
$61,610
in the past year. This data is an estimate based upon
173,432
households in
Long Beach, CA. The chart below presents how household income is distributed in
Long Beach, CA
in comparison to the revenue allocation amid households nationally.
Property Taxes
Average range: $3k+
One of the most important aspects for property owners is the amount of property taxes. This graph shows
distribution of property taxes in
Long Beach, CA
compared to median property taxes around the country. The prevalent amount of property taxes in
Long Beach, CA
equals
$3k+
, which is
more
than the national average.