721 E 7th St

721 E.

7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 10.87 GRM and 5.55% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building. With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.

This home located at 721 E 7th ST is currently active and has been available on pardeeproperties.com for 148 days. This property is listed at $3,425,000. It has 3 beds and 3 bathrooms. The property was built in 1923. 721 E 7th ST is in the Downtown Area, Alamitos Beach community of Los Angeles County.

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