Skip To Content

516 E 7th Street

Long Beach, CA 90813
  • $674,980
  • STATUS: Active Under Contract
  • ON SITE: 153 Days
  • ID#: PW23210806
Under Contract
UPDATED: 180 min ago
$674,980
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Listing Agent(s): Costanza Genoese Zerbi of Redfin Corporation (877-973-3346)


Description

HUGE PRICE ADJUSTMENT: Both units are now rented! Wonderful move-in ready, income property, two units: 2/1 and 1/1. Both units just updated. Updates include: New electrical throughout the house, including the basement and everything up to 2023 code , the plumbing was separated for the two units and inspected and updated as needed, and a new gas, water and sewer line were added with city approval, 2 new tankless water heaters installed, new fire-rated walls between units through the attic and all the way up to the roof, new roof installed 10 years ago, front bathroom remodeled in 2023 and the back bathroom remodeled in 2013, new foundation in 2016 and fresh paint throughout. Located in the East Village neighborhood of Long Beach, close to coffee shops, trendy restaurants, public transportation, the 4th corridor, and the beach. Please note, street parking only (no garage)

Monthly Payment Calculator



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T19:25:09.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
www.bestorangecountyhomesearch.com/homes/145324726
Print Image

516 E 7th Street Long Beach, CA 90813

  • Price: $674,980
  • Status: Active Under Contract
  • On Site: 153 Days
  • Updated: 180 min ago
  • ID#: PW23210806
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1917
Built
Neighborhood:
Downtown (Dt)
County:
Los Angeles
Area:
4 - Downtown Area, Alamitos Beach
Property Description
HUGE PRICE ADJUSTMENT: Both units are now rented! Wonderful move-in ready, income property, two units: 2/1 and 1/1. Both units just updated. Updates include: New electrical throughout the house, including the basement and everything up to 2023 code , the plumbing was separated for the two units and inspected and updated as needed, and a new gas, water and sewer line were added with city approval, 2 new tankless water heaters installed, new fire-rated walls between units through the attic and all the way up to the roof, new roof installed 10 years ago, front bathroom remodeled in 2023 and the back bathroom remodeled in 2013, new foundation in 2016 and fresh paint throughout. Located in the East Village neighborhood of Long Beach, close to coffee shops, trendy restaurants, public transportation, the 4th corridor, and the beach. Please note, street parking only (no garage)
Exterior Features

Entry Level 1 Entry Location front door and side door for second unit Lot Features Level Number Of Separate Electric Meters 2 Parking Total 0 Pool Features None Pool Private YN No Property Attached YN Yes

Interior Features

Common Walls 2+ Common Walls

Property Features

Additional Parcels YN No Common Interest None Community Features Sidewalks Exclusions Solar Panels Garage YN No Gross Income 45480 Gross Scheduled Income 45480 Insurance Expense 745 Land Lease YN No Laundry Features Inside Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New LoanConventional Net Operating Income 43725 New Construction YN No Number Of Separate Gas Meters 2 Number Of Separate Water Meters 1 Operating Expense 1745 Property Sub Type Duplex Rent Control YN No Senior Community YN No Sewer Public Sewer Special Listing Conditions Standard Tenant Pays All UtilitiesCable TVElectricityExterior MaintenanceGasGrounds CarePest ControlSewerTrash CollectionTelephone Trash Expense 500 Water Sewer Expense 500 Water Source Public Zoning LBPD30



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-04-18T19:25:09.463. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Doherty Real Estate Group | eXp Realty of California, Inc.. Licensed in the State of California, USA.
 
https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372162418-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372162418-2.jpg https://bt-photos.global.ssl.fastly.net/socal/orig_boomver_1_372162418-2.jpg
Logo
Doherty Real Estate Group | eXp Realty of California, Inc.
26381 Crown Valley Pkwy
Mission Viejo CA, 92691
Listing Agent(s): Costanza Genoese Zerbi of Redfin Corporation (877-973-3346)