INVESTMENT OPPORTUNITY! Property to be delivered vacant with RTI ADU plans! Zoned LBCNR, 2703-2705 E. 7th St. is a versatile duplex located in the highly sought-after 7th Street district of Rose Park/Circle in Long Beach. Situated on a prime corner lot, this property offers endless possibilities for an owner/user, investors,… Read More developers, or business owners. With a mix of commercial and residential zoning, the property allows for various potential uses - buyer to verify. The sale includes RTI (Ready-to-Issue) plans for an ADU, allowing for the option to expand to three units. Buyers can maintain the current configuration or complete the ADU project to maximize rental income. Each existing unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining room, a full kitchen, and a large sitting porch. The property also includes a detached single-car garage, separate electric and gas meters, upgraded plumbing, new wall furnaces, and a recently renovated kitchen in Unit 2703. Currently operating as a successful independent living home, the property generates strong income. Do not let this opportunity pass you by, contact listing agents below. Read Less
Property listed by Lyon Stahl Investment Real Estate, Inc., John Stiegler II 310-447-2213
Listing Snapshot
Days Online
82
Last Updated
Property Type
Apartment
Lot Size
0.08 Acres
Year Built
1919
MLS Number
SB25036436
Additional Details
Appliances & Equipment
Dryer, Washer
Building
Built in 1919, Building area total: 1,543, 1 building, Architectural style: , Attached, Common walls: OneCommonWall
Community
Sidewalks, Urban
Expenses
Electric expense: $180, Fuel expense: $180, Insurance expense: $1,852, Operating expense: $22,453, Trash expense: $360, Water sewer expense: $1,080
Garage
1 space
Income
Gross income: $66,000, Net operating income: $42,149
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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