CA > Long Beach
Long Beach, CA 90813,721 E 7th ST
Long Beach, CA 90813,721 E 7th ST
Long Beach, CA 90813,721 E 7th ST
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Sharad Gupta

Sharad Gupta

+1(408) 401-1003
Listed by Robert Stepp • Keller Williams - Santa Monica
$3,425,000
Est. payment /mo
7,503 Sqft Lot
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRPW25065043

Originating Board California Regional MLS

Year Built 1923

Lot Size 7,503 Sqft

Property Description

721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 10.87 GRM and 5.55% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building. With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Interior

Laundry None

Exterior

Pool None

Building

Water District - Public

Others

Tax ID 7274020015

Special Listing Condition Not Applicable

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agent
Sharad Gupta

Broker | License ID: 02213637

+1(408) 401-1003

5201 Great America Pkwy, Santa Clara, CA, 95054, USA

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