2015 E 7TH Street,  Long Beach CA, 90804 (Residential Income)

3,510 sqft
Status: Sold
MLS#: 14791041
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Last Updated: 12/8/2016 2:29 PM
Description for 2015 E 7TH Street Long Beach, CA 90804
Excellent income property in the North Alamitos Beach area. Definitely a cash cow with gross scheduled income of almost $6,000 a month. Recently renovated Spanish style building with wood plank vinyl flooring & granite look kitchens. Building consists of one 4-bed, 2-bath unit; two 3-bed, 1-bath units, one 3-bed, 2-bath unit, and a basement. All units are rented. The 4/2 is rented for $1595 per month. Both 3/1s and the 3/2 are rented for $1350; the basement is rented for storage for $100. Gated back area has eight parking spaces, patio, yard, orange and avocado trees. Building is 13 blocks to the public beach and bike path. Next to multiple bus routes & close to Cal State Long Beach. Owner pays water; tenants pay electric, gas and trash. No rent control. In January 2015 the building was earthquake retrofitted, and a new roof was put on - both projects were approved by city inspectors. Copper plumbing. Excellent opportunity to acquire 4-plex that requires little to no renovation!
Price
Sold Price:
$740,000
Sold Date:02/20/2015
Los Angeles
3,510 (approx)
14791041
Closed
Description
Excellent income property in the North Alamitos Beach area. Definitely a cash cow with gross scheduled income of almost $6,000 a month. Recently renovated Spanish style building with wood plank vinyl flooring & granite look kitchens. Building consists of one 4-bed, 2-bath unit; two 3-bed, 1-bath units, one 3-bed, 2-bath unit, and a basement. All units are rented. The 4/2 is rented for $1595 per month. Both 3/1s and the 3/2 are rented for $1350; the basement is rented for storage for $100. Gated back area has eight parking spaces, patio, yard, orange and avocado trees. Building is 13 blocks to the public beach and bike path. Next to multiple bus routes & close to Cal State Long Beach. Owner pays water; tenants pay electric, gas and trash. No rent control. In January 2015 the building was earthquake retrofitted, and a new roof was put on - both projects were approved by city inspectors. Copper plumbing. Excellent opportunity to acquire 4-plex that requires little to no renovation!
Listing Information
Property Type: Cluster, Spanish
0.15 Acres 6,304 sq.ft. 3,510 (approx)
$210.83 1919
4 Total
Neighborhood
Room Information
Interior Features
Refrigerator, Dishwasher
None
Exterior / Lot Features
8 Parking Spaces, Assigned Parking Space
LBCCA
Driving Directions
From 405 take Cherry Ave toward Long Beach. Building is at Cherry & 7th.
Financial Considerations
7262024022
,$17,000
Listing Price History

Long Beach Real Estate

Long Beach is located in California. Long Beach, California 90804 has a population of 463,589.

The median household income in Long Beach, California 90804 is $52,900. The median household income for the surrounding county is $56,241 compared to the national median of $53,046. The median age of people living in Long Beach 90804 is 33.2 years.

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Courtesy: New Hope Realty, Inc. Carle Hallen
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