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Image 1 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 2 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 3 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 4 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 5 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 6 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 7 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 8 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Image 9 - 1872 East 7th Street, Long Beach, CA 90813, USA - House for sale
Home For Sale In Long Beach, California
1872 East 7th Street, Long Beach, CA 90813, USA

Home For Sale In Long Beach, California

house for sale
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Listed: 03/07/24

1872 East 7th Street, Long Beach, CA 90813, USA

18 Bed:
16 Bath:
6,044 Sq Ft Living Area:
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Price
$ 2,8M

About This House

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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Long Beach Housing & Living

Household Income

Median household income: $61,610
Number of households: 173,432
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.