2521 7th St Long Beach, CA 90804-4647
Property profile & analytics
2521 7th St Long Beach, CA 90804-4647
- Apartment buildings
- 9,358 SF
- 0.17 lot acres
Property ID
US09-6549086
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Apartment buildings
Property Details for 2521 7th St
- Year built
- 1963
- Construction
- WOOD
- Lot size
- 0.17 lot acres
- Property size
- 9,358 SF
- Zone code
- LBCNR
- Property type
- Apartment buildings
- APN
- 7262-019-023
- APU
- 7262019023
Description
This exceptional investment opportunity presents a 10-unit apartment building located at 2521 East 7th Street, Long Beach, California, 90804. The property, built in 1963, offers 9,358 square feet on a 7,322 square foot lot and features a mix of one, two, and three-bedroom units. The asking price is $2,500,000, translating to $250,000 per unit and $267.15 per square foot. The building boasts newer windows, electrical panels, and railings, adding to its appeal. Currently generating a NOI of $93,659 and a 3.75% cap rate, the property presents significant value-add potential. Pro forma projections indicate a NOI of $233,747 and a 9.35% cap rate, representing a substantial increase in profitability. The property includes five parking spaces. This fee-simple ownership opportunity is situated in Los Angeles County and offers a compelling return on investment for a savvy buyer. The motivated seller makes this a particularly attractive prospect for long-term ownership. The property's strong unit mix, combined with the potential for significant rental upside, makes this a rare find in the Long Beach market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,985,000
- 6.5%
- $2,755,000
- 7%
- $2,555,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,803,000
Market price range: $1.80M - $3.79M -
Alternative Use
- Use
- Estimation
- APARTMENT HOUSE (5+ UNITS)
- $2,930,000 Current use
- OFFICE BUILDING
- $3,315,000 Change: +13% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $2,960,000 Change: +1% Conversion: Difficult
- WAREHOUSE, STORAGE
- $2,600,000 Change: -11% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $2,395,000 Change: -18% Conversion: Moderate
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Long Beach
- County
- Los Angeles
- State
- California
- Longitude
- -118.162
- Latitude
- 33.7756
- CBSA code
- 31080
- CBSA name
- LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$9,662
$221,584
$388,775
$610,359
-
$0.00
$0.00
$0.00
