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Map
$2,857,982*
●
Multifamily -
Off Market
707 E 7th Street
Long Beach, CA 90813
Studio
0 Bath
$1,755,000 - $2,145,000
Reference Base Price*
46.56%
Since Oct 1, 2019
National-US
Primary Model
About This Property
*Huge Value Add Opportunity with rents +/-43% below market and a
Pro Forma Cap Rate of roughly 6.20%. *Operating as 9 units
(10 units on record), the property is comprised of EIGHT (Studios)
and ONE (Large 11 Bed / 2 Bath House). *4 of 8 Studios have
been remodeled and the house is in good condition.
*Significant upside in reverting the property back to a
market rate complex and increasing rents to market. *All leases are
month to month.
Unit Size
-
Days on Market
-
Land Size
7,501.00 acres
Price per sqft
-
Property Type
Multifamily
Property Taxes
-
HOA Dues
-
Year Built
1926
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 13, 2019 | No longer available | - | |
| No longer available | |||
| Aug 20, 2019 | Relisted | $1,950,000 | |
| Relisted | |||
| Aug 18, 2019 | No longer available | - | |
| No longer available | |||
| Jun 13, 2019 | Price Decreased |
$1,950,000
↓ $175K
(8.2%)
|
|
| Price Decreased | |||
| Apr 24, 2019 | Relisted | $2,125,000 | |
| Relisted | |||
Show More
Property Highlights
707 E 7th Street
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Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
Active
Multifamily
12
Beds
4
Baths
4,158 ft²
$469/ft²
$1,950,000
Sep 22, 2022
-
-
Active
Multifamily
7
Beds
6.5
Baths
4,693 ft²
$368/ft²
$1,725,000
Jul 16, 2023
-
-
Past Sales
| Date | Unit | Beds | Baths | Sqft | Price | Closed | Owner | Listed By |
|---|---|---|---|---|---|---|---|---|
|
03/18/2019
|
|
Studio
|
-
|
-
|
$2,125,000
Studio
-
|
-
-
|
-
|
-
|
Building Info
