741 East 7th street consists of two buildings separated by a newly paved courtyard. The subject property has been extensively updated, has great curb appeal and borders the highly desirable neighborhood of Alamitos Beach. Centrally located with public transport at your doorstep. The four unit building facing 7th street consists of large 924 Sqft one bedroom units, the two unit building located on Olive consists of two large one bedroom 873 Sqft units. The current owner managed the building with great care and attention to detail. ( an extensive list of improvements is available on request ). Building is separately metered for Gas and Electric. Current rents are approximately 25 to 30% below market. Laundry hookups are located in all six units. Highly desirable neighborhood of Alamitos Beach. Centrally located in Long Beach. Easy access to 710 FWY.


Property Type: Multi-Family
Property Use: Rental or Investment
Year Built: 1923
Level Number: 2
Average Floor Size: 2,721
Occupancy Rate: 100
Sub-Lease: 6
Zoning: LBCO
Listing ID: D5LDEJ
Style: Multi-Family (5-20 Units)
Building Size: 5,442 SF
Lot Size: 4,605 SF
Available Date: Mar 24th, 2016
Financials
Gross Income: $74,700
Expenses: $23,444
Cash Flow: $6,881