2415 E 7th, Long Beach, CA 90804
- $1,300,000
- List Price
- $1,300,000
- Status
- ACTIVE
- MLS#
- PW26108345
- Year Built
- 1923
- Lot Size
- 4,589
- Acres
- 0.11
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 66
- Property Type
- Multifamily
- Property Sub Type
- Apartment
- Stories
- Two Levels
- Neighborhood
- Rose Park
Property Description
The seller is willing to consider seller-carry financing for qualified buyers, providing a unique opportunity for investors seeking flexible acquisition terms in today's financing environment. 2415 E. 7th Street presents a rare 5-unit investment opportunity in one of Long Beach's most walkable and lifestyle-driven Rose Park neighborhoods, near the corner of 7th Street and Junipero Avenue. The property features a detached front house offering 2 bedrooms, 2 bathrooms, a private two-car garage, and two additional parking spaces—a highly desirable setup that feels more like a single-family residence than a rental unit. The rear building consists of a well-maintained fourplex with two downstairs units and two upstairs units, comprised of three studio apartments and one 1-bedroom unit. The property is individually metered for gas and electricity, helping minimize owner expenses and improve operational efficiency. This asset offers investors a compelling combination of in-place income, strong rental demand, and long-term upside in a highly sought-after Long Beach location. The property has been well cared for over the years and benefits from its proximity to local dining, coffee shops, transportation, and the vibrant coastal lifestyle that continues to attract quality tenants to the area.
/t.realgeeks.media/resize/300x/https://u.realgeeks.media/doug1%252FReal_Estate_Logo_Hello_HomeSmart.png){kind=logo}
Additional Information
- Appliances
- Gas Oven, Gas Range
- Pool Description
- None
- Heat
- Wall Furnace
- View
- None
- Garage Spaces Total
- 2
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Ceiling Fan(s)
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $120,156
- Operating Expense
- 39745
Listing courtesy of Listing Agent: Juan Huizar (juan@sageregroup.com) from Listing Office: Sage Real Estate Group, Inc..
Mortgage Calculator
Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.