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$ 1,325,000
Est. payment /mo
New
2123 E 7th Long Beach, CA 90804
3 Beds
2 Baths
6,060 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
Subdivision Eastside (Es)
MLS Listing ID PW26171200
Bedrooms 3
Lot Size 6,060 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
We are pleased to present an exceptional Rose Park Multi-Family Investment Opportunity located in the highly desirable Rose Park neighborhood of Long Beach - 2123 E. 7th Street. Centrally located just blocks from the Pacific Ocean and the vibrant 4th Street dining and retail corridor, the property sits directly across the street from the renowned, Michelin-starred Heritage restaurant and newly developed $1 million condominiums. The expansive 6,058-square-foot oversized lot features three separate structures, comprising a large fourplex alongside two detached units. The asset offers a highly favorable unit mix consisting of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units. Investors will benefit from major turnkey upgrades, including a new roof installed in 2020 and fully completed SB721 balcony compliance work. The property provides significant upside potential with straightforward value-add opportunities, including a potential garage conversion to an Accessory Dwelling Unit (ADU) and/or the addition of units built above the garages. Parking accommodations are also easily managed, featuring two single-car garages alongside convenient surface parking for tenants. *Property is located in an Opportunity Zone, which can provide preferential tax treatment for a buyer if they have capital gains to place. **2bedroom units are functionally two bedrooms and show as 1bedrooms on the tax roll. Buyer to verify.
Location
State CA
County Los Angeles
Zoning Assessor
Direction Junipero / 7th
Interior
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 7262023034
Acceptable Financing Cash
Listing Terms Cash
Listed by Shane Young, DRE#01963090 Younglewin Advisors, Inc.
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