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2009 7th Street, Long Beach, CA 90804
Priced at Only: $4,250,000
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Address: 2009 7th Street, Long Beach, CA 90804
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  • MLS#: 26742463 ( )
  • Street Address: 2009 7th Street
  • Viewed: 1
  • Price: $4,250,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 1959
  • Bldg sqft: 0
  • Days On Market: 8
  • Additional Information
  • County: LOS ANGELES
  • City: Long Beach
  • Zipcode: 90804
  • Provided by: Beverly & Company Luxury Properties
  • Contact: Andrei Andrei
  • California Regional MLS IDX
  • DMCA Notice
  • Description
    Exceptional value add opportunity in one of Long Beach's most sought after, walkable neighborhoods now enhanced by a highly attractive assumable loan at a favorable 4.58% interest rate, offering significant financing upside in today's market. This two parcel mixed use corner investment is prominently positioned at the high visibility intersection of 7th Street and Cherry Avenue in the Historic Rose Park District, just minutes from the beach (approximately 10 minutes)a prime coastal location that continues to attract both residents and businesses.Long Beach is also set to take center stage as a major venue city for the 2028 Summer Olympics, hosting 11 Olympic events more than any city outside of Los Angeles . With global attention, infrastructure improvements, and increased tourism on the horizon, the area is poised for accelerated growth and long term appreciation. The two building portfolio features seven ground floor commercial retail suites and nineteen residential apartments, delivering a diverse unit mix and multiple income streams. Established long term tenants anchor both the commercial and residential components, providing immediate, predictable cash flow from day one. The retail spaces have historically maintained strong occupancy, while the residential units present additional upside through repositioning and rent growth. This is a rare opportunity to acquire a premier corner mixed use asset in one of Long Beach's most desirable, high demand submarkets combining in place income, below market assumable financing, proximity to the coast, and the powerful upside driven by the upcoming Olympics.
Features
Accountingtype
  1. Actual
Assetclass
  1. Retail
  2. Multi-Family
Building Area Total
  1. 6516.00
Country
  1. US
Laundry Equipment Own Lease
  1. Lease
Netoperatingincome
  1. 247830.00
Parcel Number
  1. 7262024021
Postalcodeplus4
  1. 4590
Totalmonthlyrent
  1. 35685
Vacancyallowance
  1. 36067
Water Source
  1. Public
Year Built
  1. 1959
Zoning
  1. LBCCA
Headshot for Associate Xavier Gomez
  1. Xavier Gomez, BrkrAssc,CDPE
  2. RE/MAX College Park Realty
  3. BRE 01736488
  4. Fax: 714.975.9953
  5. Mobile: 714.478.6676
  6. salesbyxavier@gmail.com
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