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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
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
Laundry Common Area
Exterior
Garage Spaces 4.0
Garage Description 4.0
Pool None
Community Features Sidewalks
Building
Lot Description 6-10 Units/Acre
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash, Cash to New Loan, 1031 Exchange
Listing Terms Cash, Cash to New Loan, 1031 Exchange
Special Listing Condition Standard
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Bought with Andrew McAllister • Nationwide Real Estate Execs