Long Beach, CA 90804,3032 E 7th ST
Long Beach, CA 90804,3032 E 7th ST
Long Beach, CA 90804,3032 E 7th ST
Long Beach, CA 90804,3032 E 7th ST
Long Beach, CA 90804,3032 E 7th ST
Long Beach, CA 90804,3032 E 7th ST
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$2,250,000

$2,400,000

6.3%
Est.Price: ?

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Est. payment /mo

5,641 Sqft Lot


SOLD DATE : 05/16/2023

Key Details

Sold Price $2,250,000

Property Type Condo

Sub Type Apartment

Listing Status Sold

Purchase Type For Sale

Subdivision Eastside (Es)

MLS Listing ID PW23035436

Sold Date 05/16/23

HOA Y/N No

Year Built 1962

Lot Size 5,641 Sqft

Property Description

3032 E. 7th Street is a 10-unit apartment building in the popular Rose Park neighborhood of Long Beach, California. The property consists of (4) 2 BD/1 BA units, (4) 1 BD/1BA units and (2) retail units. All residential units feature balconies or patios, and select units have been renovated with new flooring and kitchens. On site laundry is available, contributing to the current income, as well (4) garages with the potential for parking income. The property has a Walk Score of 92 out of 100, considered a "Walker's Paradise", so daily errands do not require a car. Living in Rose Park offers residents an urban/suburban mix feel and most residents rent their homes. The area offers many amenities such as bars, restaurants, coffee shops and parks, and the neighborhood is highly rated for families and young professionals. Public schools in the area are also highly rated. 3032 E. 7th Street provides a new owner with over 20% rental upside potential in a desirable rental market.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCNR

Interior

Fireplace No

Laundry Common Area

Exterior

Garage Spaces 4.0

Garage Description 4.0

Pool None

Community Features Sidewalks

Total Parking Spaces 4

Private Pool No

Building

Lot Description 6-10 Units/Acre

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 7258030005

Energy Description 1875.0

Acceptable Financing Cash, Cash to New Loan, 1031 Exchange

Listing Terms Cash, Cash to New Loan, 1031 Exchange

Financing Cash to New Loan

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Robert Stepp • Keller Williams - Santa Monica • 310-463-2916
Bought with Andrew McAllister • Nationwide Real Estate Execs
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6 Jenner, Unit # 250, Irvine, CA, 92618

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