4117 East 7th Street is a 20-unit apartment building with four brand new ADUs 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 ADUs anticipated to achieve monthly rents of$2, 195.Current rents offer a new investor 19 percent potential upside, and this propertys 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.
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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.