1930 East 7th Street

1930 East 7th Street, Long Beach, CA 90813

  • For Sale $1,850,000
  • Property Type Multi-Family
  • Property Size 5,406 SF
  • Units 8
  • Lot Size 0.14 Acre
  • Additional Rent Contact for pricing
  • Year Built 1943
  • Date Updated Dec 10, 2024
Nestled in the vibrant city of Long Beach, this property offers an exciting location for multifamily/low-rise/garden investors. Long Beach is renowned for its coastal charm, diverse community, and thriving arts and culture scene. The nearby East Village Arts District is a haven for eclectic dining, art galleries, and boutique shopping. Outdoor enthusiasts will appreciate the close proximity to the iconic Long Beach coastline and the picturesque Bluff Park. With easy access to public transportation and major freeways, this area provides a seamless blend of urban convenience and coastal allure, making it an ideal investment opportunity for multifamily property investors.Discover an exceptional investment opportunity with this multifamily property in the sought-after Long Beach area. Boasting a 5,406 SF building with 8 two-bedroom units, this charming property, built in 1943, offers a prime location and impressive potential for a low-rise/garden investor. The added value opportunity provides the investor with the ability to purchase a heavily discounted asset and achieve above market returns through capital improvements and increased rental income. With its desirable address and strong rental demand, this property presents a lucrative investment for those seeking to expand their portfolio in the thriving Long Beach market. Take advantage of this chance to own a piece of Long Beach's rich real estate landscape.
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Attachments

Highlights

  • All Two-Bedroom Units
  • Added Value Opportunity – Projected ±73% in Rental Upside
  • 9.09 GRM and Estimated 8.8% Cash on Cash Return on Market Rents
  • Long Term Ownership – Motivated Sellers
  • Newer Windows & Decks
  • Strong Rental Location
  • Part of a (4) Property Portfolio - Can Be Purchased Separately or Together

Contacts

broker
Damien Breaux

Morgan Skenderian Investment Real Estate Group

Location

Getting Around

  • Walk Score ®

    94/100 Walker's Paradise

  • Transit Score ®

    50/100 Good Transit

  • Bike Score ®

    82/100 Very Bikeable
Powered by Walk Score ®
  • City Long Beach, CA
  • Neighborhood Alamitos Beach
  • Zip Code 90813
  • Market Los Angeles

Points of Interest

  • 5th Street

    1.22 miles

  • Anaheim Street

    1.31 miles

  • Pacific Avenue

    1.48 miles

  • Pacific Coast Highway

    1.57 miles

  • Wardlow

    3.49 miles

  • Del Amo

    5.60 miles

  • USA gas

    0.70 miles

  • ARCO

    0.80 miles

  • SB gas

    0.89 miles

  • Speedway Express

    0.89 miles

  • Chevron

    0.90 miles

  • Shell

    1.02 miles

  • Mobil

    1.06 miles

  • Arco

    1.55 miles

  • eVgo

    1.88 miles

  • Blink Charging Station

    1.90 miles

  • Long Beach Transit

    0.57 miles

  • P2

    1.09 miles

  • Lot 7 staff

    1.14 miles

  • Lot 1

    1.17 miles

  • Lot 3 Staff

    1.18 miles

  • Lot 10

    1.21 miles

  • Lot 2

    1.21 miles

  • "JJ"

    1.25 miles

  • Lot 4 Staff

    1.25 miles

  • Lot 9 Staff

    1.28 miles

  • Royal Inn Motel Long Beach

    0.51 miles

  • Long Beach Motel

    0.61 miles

  • Argonne Motel

    0.64 miles

  • Travel King Motel

    0.74 miles

  • Beach Inn Motel

    0.84 miles

  • Vagabond Inn Convention Center Long Beach

    0.93 miles

  • Monterey Motel

    0.99 miles

  • Days Inn by Wyndham Long Beach City Center

    1.04 miles

  • City Center Motel

    1.05 miles

  • Travelodge Convention Center

    1.07 miles

  • Cantarito Mexican Grill

    0.04 miles

  • Pizza St.

    0.06 miles

  • Thai Charcoal Pit

    0.18 miles

  • Baiplu Thai Restaurant

    0.19 miles

  • Papa John's

    0.21 miles

  • Honduras' Kitchen

    0.22 miles

  • Retroll Sushi L.B.C.

    0.23 miles

  • Lola's

    0.25 miles

  • Pike Fish Grill & Cocktails

    0.25 miles

  • Fatima's Grill

    0.25 miles

  • Burbank Elementary School

    0.25 miles

  • Franklin Middle School

    0.55 miles

  • Lincoln Elementary School

    0.66 miles

  • Willard Elementary School

    0.76 miles

  • St Anthony High School

    0.79 miles

  • Stevenson Elementary School

    0.94 miles

  • Huntington School

    0.97 miles

  • Mann Elementary School

    0.99 miles

  • Whittier Elementary School

    1.01 miles

  • Lee Elementary School

    1.03 miles

  • Great Beginnings

    0.73 miles

  • A Village Child Care

    1.63 miles

  • Oak Wood Academy

    3.88 miles

  • Artesia Head Start

    6.83 miles

  • injoy life

    7.46 miles

  • Tiny Heartz Daycare LLC

    8.01 miles

  • The Learning Box Childcare & Enrichment Center Inc

    8.52 miles

  • Carden Conservatory

    8.69 miles

  • Bethany Christian Preschool

    8.70 miles

Frequently Asked Questions

How much does 1930 East 7th Street cost?

The space currently listed for sale at 1930 East 7th Street asks for $1,850,000.

What is the total square footage of 1930 East 7th Street?

1930 East 7th Street totals 5,406 square feet.

When was this property built?

1930 East 7th Street was built in 1943.

Looking for more in-depth information on this property?

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Contact Listing Broker
broker
Damien Breaux

Morgan Skenderian Investment Real Estate Group