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Image 1 - 4149 East 7th Street, Long Beach, CA 90804, USA - House for sale
Image 2 - 4149 East 7th Street, Long Beach, CA 90804, USA - House for sale
Image 3 - 4149 East 7th Street, Long Beach, CA 90804, USA - House for sale
Image 4 - 4149 East 7th Street, Long Beach, CA 90804, USA - House for sale
Home For Sale In Long Beach, California
4149 East 7th Street, Long Beach, CA 90804, USA

Home For Sale In Long Beach, California

house for sale
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Listed: 03/07/24

4149 East 7th Street, Long Beach, CA 90804, USA

29 Bed:
20 Bath:
12,760 Sq Ft Living Area:
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Price
$ 5,75M

About This House

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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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.