CA > Long Beach
Long Beach, CA 90804,2521 E 7th ST
Long Beach, CA 90804,2521 E 7th ST
Long Beach, CA 90804,2521 E 7th ST
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Shawn Kormondy

Shawn Kormondy

+1(323) 638-7567
$2,500,000
Est. payment /mo
7,322 Sqft Lot
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UPDATED:

10/28/2024 11:39 PM

Key Details

Property Type Condo

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

MLS Listing ID PW24222928

HOA Y/N No

Year Built 1963

Annual Tax Amount $33,145

Lot Size 7,322 Sqft

Property Description

Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.

Location

State CA

County Los Angeles

Area 699 - Not Defined

Rooms

Ensuite Laundry Common Area

Interior

Laundry Location Common Area

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 5.0

Garage Description 5.0

Pool None

Community Features Curbs, Gutter(s), Sidewalks

Total Parking Spaces 5

Private Pool No

Building

Story 2

Entry Level Two

Sewer Public Sewer

Water Public

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7262019023

Energy Description 2653.0

Acceptable Financing Cash, Cash to New Loan, Conventional

Listing Terms Cash, Cash to New Loan, Conventional

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Rick Applebaum • Morgan Skenderian • rma@morganskenderian.com

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Shawn Kormondy

+1(323) 638-7567

Agent | License ID: 01451888

Agent License ID: 01451888

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