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Multifamily

4117 E 7th St

4117 E 7th St, Long Beach, CA 90804

Listing Price: $6,000,000

Cap Rate
4.47%
Number of Units
20
GRM
13.62
Price/Unit
$300,000
Price/Gross SF
$470.22
Gross SF
12,760

Investment Overview

Marcus & Millichap is pleased to present to market 4117 East 7th Street, 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. For portfolio details, please see page 13 and contact the listing agent. Properties available separately or together.

Investment Highlights

  • WELL-MAINTAINED 20-UNIT BUILDING: With a mix of nine two-bedrooms and 11 one-bedrooms
  • PROPERTY BOASTS FOUR NEWLY COMPLETED ADU'S
  • GREAT LOCATION WALKING DISTANCE TO RECREATION PARK AND COLORADO LAGOON AND PROXIMATE TO CAL STATE LONG BEACH AND BELMONT SHORE
  • OFFERED AS PART OF A FIVE-BUILDING PORTFOLIO: Properties range from eight to 52 units in Long Beach and are available separately or together.

Exclusively Listed By

Multifamily

4117 E 7th St

Listing Price: $6,000,000

Cap Rate
4.47%
Number of Units
20
GRM
13.62
Price/Unit
$300,000
Price/Gross SF
$470.22
Gross SF
12,760

Investment Highlights

  • WELL-MAINTAINED 20-UNIT BUILDING: With a mix of nine two-bedrooms and 11 one-bedrooms
  • PROPERTY BOASTS FOUR NEWLY COMPLETED ADU'S
  • GREAT LOCATION WALKING DISTANCE TO RECREATION PARK AND COLORADO LAGOON AND PROXIMATE TO CAL STATE LONG BEACH AND BELMONT SHORE
  • OFFERED AS PART OF A FIVE-BUILDING PORTFOLIO: Properties range from eight to 52 units in Long Beach and are available separately or together.

Investment Overview

Marcus & Millichap is pleased to present to market 4117 East 7th Street, 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. For portfolio details, please see page 13 and contact the listing agent. Properties available separately or together.

Exclusively Listed By

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