240 W 7th St Long Beach, CA 90813

$3,200,000
Long Beach, CA   90813
0 Beds, 0.0 Baths, 0 sq ft, 15,002 sq ft lot, Built in 1957
0 Beds,
0.0 Baths,
0 sq ft,
15,002 sq ft lot
Built in 1957

Description

MLS# PW17035843

Saras Apartment property is a 29 unit apartment community located in the bike friendly area of Downtown Long Beach. This asset offers investors the unique opportunity to acquire an investment property with a restricted cash flow for 7 years with a long term upside in appreciation value. Long Beach is a non-rent controlled market. The property was originally constructed in 1957 and features 19 (Studio) and ten (1 Bedroom) units, encompassing a gross building area of 15,650 square feet. The building features controlled-access entry, on-site laundry and attached covered parking garages for 14 units. The Subject Property is located at 240 E. 7th Street in the downtown neighborhood of Long Beach. Situated less than 7 blocks from Ocean Boulevard, The Pike Outlet Marketplace, and a mile from the ocean, just 6 blocks from the major retailers and restaurants along Pine Avenue. Listed by George Bustamante, Coldwell Banker Commercial.

Description

MLS# PW17035843

Saras Apartment property is a 29 unit apartment community located in the bike friendly area of Downtown Long Beach. This asset offers investors the unique opportunity to acquire an investment property with a restricted cash flow for 7 years with a long term upside in appreciation value. Long Beach is a non-rent controlled market. The property was originally constructed in 1957 and features 19 (Studio) and ten (1 Bedroom) units, encompassing a gross building area of 15,650 square feet. The building features controlled-access entry, on-site laundry and attached covered parking garages for 14 units. The Subject Property is located at 240 E. 7th Street in the downtown neighborhood of Long Beach. Situated less than 7 blocks from Ocean Boulevard, The Pike Outlet Marketplace, and a mile from the ocean, just 6 blocks from the major retailers and restaurants along Pine Avenue. Listed by George Bustamante, Coldwell Banker Commercial.

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  • Ernie gonzales
    Ernie Gonzales

    NMLS# 1086147

    Direct: (213) 842-5318
    Email: mortgagesbyernie@gmail.com

Area
Building Info
STORIES: 2
COMMON WALLS: 2+ Common Walls
POOL: None
Exterior Features
LOT: 0-1 Unit/Acre
Garage & Parking
PARKING SPACES: 14.00
GARAGE SPACES: 14.00
Community
COMMUNITY: Street Lighting
UNITS TOTAL: 29
STORIES TOTAL: 2
Land
WATER: Public
LOT NUMBER: 003
TRACT NUMBER: 021
ZONE: LBPD10
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