Description

3032 E. 7th Street is a 10-unit apartment building in the popular Rose Park neighborhood of Long Beach, California.

The property consists of (4) 2 BD/1 BA units, (4) 1 BD/1BA units and (2) retail units. All residential units feature balconies or patios, and select units have been renovated with new flooring and kitchens. On site laundry is available, contributing to the current income, as well (4) garages with the potential for parking income.

The property has a Walk Score of 92 out of 100, considered a “Walker’s Paradise”, so daily errands do not require a car. Living in Rose Park offers residents an urban/suburban mix feel and most residents rent their homes. The area offers many amentities such as bars, restaurants, coffee shops and parks, and the neighborhood is highly rated for families and young professionals. Public schools in the area are also highly rated.

3032 E. 7th Street provides a new owner with over 20% rental upside potential in a desirable rental market.