417 E 7th St, Long Beach, CA 90813

Property Description

417-423 E 7Th St. has been very well maintained over the past 10+ years. The five separate structures on the lot consist of a 6-Unit building in the front with four, 1 bed, 1 bath units—the two, 1 bedrooms on the first floor are very large—and two singles. Built over two single car garages is a remodeled 1 bed, 1 bath non-conforming unit. To the north sit two detached homes, a few more steps north you will find two single units over four more 1-car garages. All garages are income producing and feature automatic doors, every unit’s kitchen and bathroom have been remodeled, every unit has an updated electrical panel, the building is copper plumbed in all accessible areas, and the seller re-roofed the property approximately eight years ago. For tenant convenience laundry is available on-site and the seller has not raised any of the rents from the time of tenant move-in. SELLER TO 1031 EXCHANGE. The property is located on East 7Th St. just west of Atlantic Avenue and east of Long Beach Blvd. 1/2 mile to west, also on 7Th St., is a 710 Freeway entrance. 1.5 miles to the south is the Downtown Long Marina and Rainbow Harbor featuring the Aquarium of the Pacific.