Property Detail

1271 7th

Long Beach CA 90813

$2,625,000

Status: Active

Property Details

Description

PRICED TO SELL TODAY!! HUGE UNITS!! SQ. FT. OVER 10,000!! FIRST TIME BEING SOLD IN 23 YEARS! 12 UNITS IN EAST SIDE LONG BEACH. $220/ DOOR CONSISTING OF 7- 2 BED/1 BATH UNITS AND 5- BED/1 BATH UNITS. 6 GARAGES! ONSITE LAUNDRY ROOM WITH MACHINES OWNED BY OWNER. POTENTIAL TO BE AN 8 CAP AND 9 X GROSS! CASH FLOWING FROM DAY 1! INDIVIDUALLY METERED FOR GAS AND ELECTRIC. UPSIDE IN RENTS. 3 UNITS JUST REMODELED WITH ALL NEW KITCHENS, BATHROOMS, FLOORING , TILE AND MORE. 7 BLOCKS TO THE BEACH, 5 MINUTES TO CSULB AND RESTAURANTS AND SHOPPING! GREAT RENTAL MARKET!! SOMEONE IS GOING TO GET A GREAT DEAL ON THIS PROPERTY!

Map Location

Stowell & Associates

Stowell & Associates

CA DRE# 01397481
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