$1,420,000
$1,495,000
5.0%For more information regarding the value of a property, please contact us for a free consultation.
2,875 SqFt
SOLD DATE : 10/25/2022
Key Details
Sold Price $1,420,000
Property Type Multi-Family
Sub Type Triplex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,875 sqft
Price per Sqft $493
Subdivision Alamitos Beach (Ab)
MLS Listing ID PW22153686
Sold Date 10/25/22
HOA Y/N No
Year Built 1911
Lot Size 8,023 Sqft
Acres 0.1842
Property Description
1242 E 7th Street is the Long Beach 3 unit building you've been waiting for, with an additional 4th unit! The property's income opportunities are endless. Besides being in a prime location of North Alamitos Beach; 1242 E 7th St. offers large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /1.5 Bath unit, one 2 Bedroom/ 1 Bath units and one 1 bedroom/ 1 bath upstairs back unit with a private patio deck- each with their own garage plus a fifth garage for you to have additional income. Two of the units have tankless water heaters as well as the shared laundry room by the garages. With a long and large driveway and sitting on a 8,022 sqft. lot; this property has potential for building additional units and ADUs. With proximity to 4th Streets Retro Row, Downtown Long Beach and a bike ride to the beach, your new building will appeal to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with ALL units to be delivered vacant at close of escrow. Now, that's hot!
Location
State CA
County Los Angeles
Area 4 - Downtown Area, Alamitos Beach
Zoning LBCNR
Rooms
Ensuite Laundry Common Area
Interior
Laundry Location Common Area
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Laminate, Tile, Vinyl
Fireplace No
Laundry Common Area
Exterior
Garage Driveway, Garage
Garage Spaces 5.0
Garage Description 5.0
Pool None
Community Features Curbs, Street Lights, Sidewalks
Parking Type Driveway, Garage
Total Parking Spaces 8
Private Pool No
Building
Lot Description Rectangular Lot
Story Two
Entry Level Two
Sewer Public Sewer
Water Public
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7266012003
Acceptable Financing Cash to New Loan
Listing Terms Cash to New Loan
Financing Cash to New Loan
Special Listing Condition Standard
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Bought with Jason Dufault • Keller Williams Coastal Proper
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
Scott Greenspan
Broker Owner