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Listed by Steven Bogoyevac of Steven M. Bogoyevac,Broker (steve.bogoyevac@marcusmillichap.com)
4117 East 7th Street is a 20-unit apartment building with four brand new ADU’s in Long Beach, California. This asset boasts a great location in the desirable Belmont Heights neighborhood within easy walking distance of Recreation Park and Colorado Lagoon and proximate to Cal State Long Beach and Belmont Shore. 4117 East 7th Street is a well-maintained 1962 construction with a mix of nine two-bedroom/one-bath and 11 one-bedroom/one-bath units, ample tuck-under parking, and income-generating on-site laundry. Four of the one-bedrooms are newly completed ADU’s anticipated to achieve monthly rents of $2,195. Current rents offer a new investor 19 percent potential upside, and this property’s excellent location in an area with a strong tenant base make it a great acquisition opportunity. This asset is offered as part of a portfolio of Long Beach apartment buildings that range from eight to 52 units. Properties available separately or together.

Property Details of 4117 E 7th Street

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Based on information submitted to CRMLS as of March 1, 2024 10:53 PM EST . All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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