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Listed by Joshua Barut, DRE #01971720 • Lyon Stahl Investment Real Estate, Inc.
$ 1,525,000
Est. payment | /mo
5,014 Sqft Lot
$ 1,525,000
Est. payment | /mo
5,014 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID CRSB26163180
Year Built 1924
Lot Size 5,014 Sqft
Source California Regional MLS
Property Description
We are pleased to present 3822 E. 7th Street, a well-maintained 5-unit multifamily investment opportunity located in the Belmont Heights submarket of Long Beach. This 5,014 SF lot benefits from extremely efficient lot coverage as it features (2) separate structures, a large central courtyard, and a communal outdoor barbeque area in the rear. The front structure consists of (4) 1 Bed/1 Bath units. These spacious, nearly identical units span approximately 750 square feet each and showcase the classic character and charm associated with vintage Belmont Heights apartments. The rear structure features (1) fully remodeled 2 Bed/1 Bath unit upstairs with approximately 950 SF of living area, which includes a master bedroom and walk in closet. Downstairs, there are (3) garages (one of which is currently being used for owner storage), and an on-site laundry room with leased units. Overall, the property has been meticulously maintained by ownership and features copper plumbing throughout with a consistently maintained main sewer line, exceptional unit interiors, and a recently inspected roof found to be in excellent condition. Priced at a 5.21% CAP rate and 12.47 GRM on current in-place income, with upside to an achievable 7.84% Market CAP rate and 9.28 Market GRM, this offering provides in
Location
State CA
County Los Angeles
Area 2 - Belmont Heights, Alamitos Heights
Rooms
Kitchen Microwave, Other, Refrigerator, Oven - Gas
Interior
Heating Wall Furnace
Cooling Window / Wall Unit
Laundry Laundry Area, Washer/Dryer - Leased
Exterior
Parking Features Garage
Garage Spaces 3.0
Pool 31, None
View None
Roof Type Flat / Low Pitch
Building
Foundation Raised
Water Hot Water, District - Public
Others
Tax ID 7254026005
Special Listing Condition Not Applicable
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