338 E 7th St Long Beach, CA 90813

$2,295,000
Long Beach, CA   90813
0 Beds, 0.0 Baths, 0 sq ft, 5,296 sq ft lot, Built in 1912
338 E 7th St, Long Beach, CA 90813 Photo 0
338 E 7th St, Long Beach, CA 90813 Photo 1
338 E 7th St, Long Beach, CA 90813 Photo 2
338 E 7th St, Long Beach, CA 90813 Photo 3
338 E 7th St, Long Beach, CA 90813 Photo 4
338 E 7th St, Long Beach, CA 90813 Photo 5
338 E 7th St, Long Beach, CA 90813 Photo 6
338 E 7th St, Long Beach, CA 90813 Photo 7
338 E 7th St, Long Beach, CA 90813 Photo 8
338 E 7th St, Long Beach, CA 90813 Photo 9
0 Beds,
0.0 Baths,
0 sq ft,
5,296 sq ft lot
Built in 1912

Description

MLS# RS18087051

Significant value add opportunity, priced at a 5.11% cap rate comprised of 10 spacious 1 Bed / 1 Bath units averaging 670 SF each. (4) units have undergone "gut" remodels to the studs, including porcelain tile floors, stainless steel appliances, quartz counters, custom cabinets, modern light fixtures, & marble shower tile. A 5th unit will be modernized and put in a condition suitable for a new investor to add finishes of their liking. Exterior improvements include a new roof in 2018, drought tolerant landscaping, custom metal work around the property for improved security & modern exterior paint. Great opportunity for an investor looking for a stable building with a realistic value add component and a 6.03% cap rate at market rents. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

Description

MLS# RS18087051

Significant value add opportunity, priced at a 5.11% cap rate comprised of 10 spacious 1 Bed / 1 Bath units averaging 670 SF each. (4) units have undergone "gut" remodels to the studs, including porcelain tile floors, stainless steel appliances, quartz counters, custom cabinets, modern light fixtures, & marble shower tile. A 5th unit will be modernized and put in a condition suitable for a new investor to add finishes of their liking. Exterior improvements include a new roof in 2018, drought tolerant landscaping, custom metal work around the property for improved security & modern exterior paint. Great opportunity for an investor looking for a stable building with a realistic value add component and a 6.03% cap rate at market rents. Listed by Andrew Mc Allister, Nationwide Real Estate Execs.

Area
Building Info
STORIES: 2
COMMON WALLS: No Common Walls
POOL: None
LAUNDRY: Community, Inside
Exterior Features
LOT: Corner Lot, Lot-Level/Flat
Garage & Parking
PARKING SPACES: 0.00
GARAGE SPACES: 0.00
Community
COMMUNITY: Curbs, Gutters, Sidewalks, Storm Drains, Street Lighting, Urban
UNITS TOTAL: 10
STORIES TOTAL: 2
Land
WATER: Public
ASSESSMENTS: Special Assessments
LOT NUMBER: 1,3
TRACT NUMBER: 5762
ZONE: LBPD30
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