$985,000
$995,000
1.0%For more information regarding the value of a property, please contact us for a free consultation.
324 W 7th ST Long Beach, CA 90813
2,178 Sqft Lot
Key Details
Sold Price $985,000
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Sold
Purchase Type For Sale
Subdivision Downtown (Dt)
MLS Listing ID OC20245589
Sold Date 05/07/21
HOA Y/N No
Year Built 1949
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Four 1 bed 1 baths, 2808 Sq. Ft. in downtown Long Beach near the convention center, Queen Mary, restaurants, shopping, etc. Annual business income: $99,000, Expenses Includes New Taxes Based off Asking Price : $23,400. NOI: $75,600 Cap Rate with Business: 7.56%. Business is included with sale or if one does not want the transitional business, owner can deliver vacant.
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBPD10
Rooms
Ensuite Laundry See Remarks
Interior
Laundry Location See Remarks
Fireplace No
Laundry See Remarks
Exterior
Garage None
Pool None
Community Features Urban, Water Sports
Parking Type None
Private Pool No
Building
Lot Description Level
Sewer Public Sewer
Water Public
New Construction No
Others
Senior Community No
Tax ID 7272022001
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Listing Terms Cash, Cash to New Loan, 1031 Exchange, Owner Will Carry
Financing Other
Special Listing Condition Standard
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Bought with Peggy French • Peggy French, Broker
GUIDE SoCal
Broker | License ID: DRE#01976964