Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Property profile & analytics

    1830-1838 E 7th Street Long Beach, CA 90813

    • Residential income homes
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1830-1838 E 7th Street

    Property type
    Residential income homes
    Property subtype
    Residential income properties

    Description

    1830 – 1838 E. 7th Street is an 11-unit apartment asset in Long Beach, California. The property is comprised of three buildings situated on an 11,668-square-foot lot. There are seven 1BD / 1BA units; two 2BD / 2BA units; one 3BD / 2BA unit; and one 4BD / 3BA house that could be an excellent owner’s unit. Most of the 1BD / 1BA units feature attractive patio entrances. All of the units have been fully remodeled with recessed lighting, new flooring, new kitchen countertops, cabinetry, and stainless steel appliance, new bathroom vanities, tiling, and modern fixtures and features throughout. Most remodeled units offer in-unit washers and dryers. There are six garages that offer the opportunity for ADU conversion to capture additional rental income.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Long Beach
    County
    State
    California
    Longitude
    -118.199
    Latitude
    33.7753

    Comparable in this City

    • Value Estimation by Request

      1107 Mahanna Ave

      Multifamily properties
      1107 Mahanna Ave, Long Beach, CA 90813
      View Details
    • Value Estimation
      $290,000
      5,310 SF

      662 14th St

      BOARDING/ROOMING HOUSE • 5,310 SF
      662 14th St, Long Beach, CA 90813
      View Details
    • Value Estimation
      $290,000
      2,040 SF

      1920 7th St

      BOARDING/ROOMING HOUSE • 2,040 SF
      1920 7th St, Long Beach, CA 90813-5105
      View Details
    • Value Estimation
      $270,000
      4,740 SF

      1094 17th St

      BOARDING/ROOMING HOUSE • 4,740 SF
      1094 17th St, Long Beach, CA 90813-2110
      View Details
    • Value Estimation by Request
      0.17 Acres

      1548 Pacific Ave

      Mixed-use properties • 0.17 Acres
      1548 Pacific Ave, Long Beach, CA 90813
      View Details
    • Value Estimation
      $145,000
      1.68 Acres

      200 Anaheim St

      HIGH-RISE APARTMENTS • 1.68 Acres
      200 Anaheim St, Long Beach, CA 90813-5432
      View Details

    Similar Nearby for Sale

    • $4,675,000
      12,474 SF

      Long Beach Multifamily Investment

      14-unit multifamily property in Long Beach, CA.
      1050 Gaviota Avenue, Long Beach, CA 90813
      View Details
    • $1,095,000
      3,432 SF

      Updated Quadruplex in Downtown Long Beach

      Updated four-unit property near East Village Arts District.
      717 E 8Th St, Long Beach, CA 90813
      View Details
    • $3,500,000
      6,540 SF

      Long Beach Multifamily Investment

      18-Unit Apartment Building, High ROI
      908 Martin Luther King Jr Ave, Long Beach, CA 90813
      View Details
    • $1,300,000
      2,700 SF

      Multifamily Investment in Long Beach

      Five-unit income property in Long Beach with strong cash flow.
      1403 Lemon Ave, Long Beach, CA 90813
      View Details
    • $1,312,000

      Long Beach Multifamily Investment Property

      Six-unit multifamily property in Long Beach with rental upside.
      1209 Olive Ave, Long Beach, CA 90813
      View Details
    • $875,000

      Long Beach Fixer-Upper Opportunity

      Two detached units in Long Beach, great investment opportunity.
      1567 Elm Ave, Long Beach, CA 90813
      View Details

    Similar Nearby for Lease

    • $2,200 /Mo

      Long Beach Apartment For Rent

      Two-bedroom, one-bath apartment in downtown Long Beach with garage.
      1500 Magnolia Ave, Long Beach, CA 90813
      View Details
    • $27 SF/Yr
      7,751 SF

      Long Beach Mixed-Use Investment Opportunity

      Prime Long Beach Retail & Office Space
      628 Anaheim St, Long Beach, CA 90813
      View Details
    • Contact for pricing
      61,553 SF

      Distribution Facility Near 710 Fwy

      Distribution facility with office space near the Port of Long Beach.
      929 W Anaheim St, Long Beach, CA 90813
      View Details
    • $0.56 SF/Yr
      14,000 SF

      Long Beach Land for Lease

      14,000 SF fenced land near 710 Fwy and Port.
      NE 15Th St, Long Beach, CA 90813
      View Details
    • $3 SF/Yr
      4,831 SF

      Long Beach Office Space Available

      Office space available for lease in Long Beach, CA.
      3932 Long Beach Blvd, Long Beach, CA 90813
      View Details
    • $0.29 SF/Yr
      38,965 SF

      Long Beach Land for Lease

      Commercial land available for lease in Long Beach, CA.
      1675 Santa Fe Ave, Long Beach, CA 90813
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1830-1838 E 7th Street
    Long Beach, CA 90813
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.