2123 E 7th, Long Beach, CA 90804
2123 E 7th, Long Beach, CA 90804
2123 E 7th, Long Beach, CA 90804
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$1,325,000
Est. payment /mo
6,059 Sqft Lot
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Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW26171200

HOA Y/N No

Year Built 1923

Lot Size 6,059 Sqft

Property Sub-Type Apartment

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

Area 3 - Eastside, Circle Area

Interior

Fireplace No

Laundry None

Exterior

Garage Spaces 2.0

Garage Description 2.0

Pool None

Community Features Biking, Curbs, Dog Park, Golf, Park, Storm Drain(s), Street Lights, Sidewalks, Water Sports

Total Parking Spaces 6

Private Pool No

Building

Lot Description Corner Lot, Near Public Transit, Rectangular Lot, Yard

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7262023034

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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Listed by Shane Young Younglewin Advisors, Inc. 562-556-1118, DRE #01963090

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