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1830 E 7Th St, Long Beach, CA 90813
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1830 E 7Th St Long Beach, CA 90813

$2,700,000
  • 18 Beds
  • 16 Baths
  • 6,044 Sq.Ft.
For Sale
$2,700,000 Get Pre-Qualified
Map preview of 1830 E 7Th St, Long Beach, CA 90813

Property Overview: 1830 E 7Th St Long Beach, CA has 18 bedrooms, 16 bathrooms, 6,044 living square feet and 11,668 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 1830 - 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is offered at 11.40 GRM and 5.75% cap rate on current rents. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner's unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.

Listed by Robert Stepp | BRE #01456379 | Keller Williams - Santa Monica
Last checked: 10 minutes ago | Last updated: March 28th, 2024 | Source CRMLS | DOM: 233
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Home details

Lot Sq. Ft
11,668
HOA Dues
$0/mo
Year built
1919
Garage
6 Car
Property Type:
Mixed Use
Status
Active
MLS#
PW23166122
City
Long Beach
County
Los Angeles
Time on Site
241 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 11
  • Total # of Buildings: 3
  • # of Electric Meters: 11
  • # of Gas Meters: 11
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,045
  • Total Rent: $4,090
  • Pro Forma/Market Rent: $2,395
Unit Breakdown 2
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,498
  • Total Rent: $10,486
  • Pro Forma/Market Rent: $1,795
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 3
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,000
  • Total Rent: $3,000
  • Pro Forma/Market Rent: $4,000
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,995
  • Total Rent: $1,995
  • Pro Forma/Market Rent: $2,995
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.75%
  • Gross Rent Multiplier: 11.4
  • Gross Scheduled Income: $236,840
  • Net Operating Income: $155,214
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $74,521
  • Electric: $4,610
  • Gas/Fuel: $954
  • Licenses: $1,000
  • New Taxes: $33,330
  • Trash: $0
  • Gardener: $1,200
  • Insurance: $6,100
  • Maintenance: $7,700
  • Professional Management: $11,487
  • Water/Sewer: $3,840
  • Other Expenses: $3,300
  • Other Expense Description: Reserves

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Property Details for 1830 E 7Th St

Interior Features
Laundry Information
  • Has Laundry
  • Inside
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 6
  • # of Parking Spaces: 6
Lot Information
  • Lot Features: 11-15 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 11
  • Parcel Number: 7266023009
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: Cherry Ave & E 7th St
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 1830 E 7Th St

Last sold for $1,825,000 on July 7th, 2017

  • September, 2023

  • Sep 7, 2023

    Date

    Active

    CRMLS: PW23166122

    $3,000,000

    Price

  • July, 2017

  • Jul 7, 2017

    Date

    Sold (Public Records)

    Public Records

    $1,825,000

    Price

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Tax History for 1830 E 7Th St

Assessed Value (2020): $520,500
Year Land Value Improved Value Assessed Value
2020 $364,140 $156,360 $520,500

Home Value Compared to the Market

This property vs the competition

1830 E 7Th St is listed 237.92% higher than the median list price for the city of Long Beach which has a median list price of $799,000. The median price per/sqft for Long Beach is $645 and this home is listed at $446.72 per/sqft which puts the price per square foot 30.74% lower than the median price per square foot for the city of Long Beach.

About 1830 E 7Th St

Detailed summary of property

1830 E 7Th St is a mixed use located in Long Beach, CA 90813 and is currently for sale. This mixed use property offers 18 bedrooms, 16 bathrooms, roughly 6,044 living square feet, and sits on an approximately 11,668 square foot lot. 1830 E 7Th St was first listed on ArdentRealEstateGroup.com on September 7, 2023. The homeowner is currently asking $2,700,000 and was originally asking $3,000,000. The median priced home in Long Beach is $799,000 with a median price per square foot of $645. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 237.92% higher than the median priced home. Local competing homes currently for sale include 1043 Coronado Ave, 3312 E 2nd St and 4130 E 10th St. While the average home in Long Beach, CA is selling in 53 days, 1830 E 7Th St has a days on market of 233 days. There are currently 627 homes for sale in the Long Beach real estate market and 356 of them are single family homes while 258 of them are condos and 13 are townhomes. For more information on this home for sale at 1830 E 7Th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1830 E 7Th St

Public county record property details
Beds
2
Baths
4
Year built
1919
Sq. Ft.
2,280
Lot Size
5,836
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,B
APN
7266-023-009

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$629,000
Median List Price/Sq.Ft.
$546
Median Sold Price
$584,000
Median Sold Price/Sq.Ft.
$592
Total Inventory
30
Median Sale to List Price %
108.35%
Avg Days on Market
23
Loan Type
Conventional (80%), FHA (10%), VA (10%), Cash (0%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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