433 W 7th St 17 Unit Apartment Building $5,444,088 CAD ($320,240 CAD/Unit) 6.11% Cap Rate Long Beach, CA 90813

We are pleased to present the exceptional opportunity to acquire a beautifully maintained, fully occupied, 17-unit multi-family property located at 433 W. 7th St,
Long Beach, CA 90802. This historic Spanish-style building, constructed in 1931, combines architectural charm with modern upgrades, offering an ideal investment
in the vibrant Long Beach market.
Prime Location: Located in the heart of Downtown Long Beach, the property is just minutes from world-class dining, entertainment, shopping, and the waterfront.
Residents enjoy easy access to major transportation routes, including the 710 Freeway, as well as close proximity to public transit options.
Architectural Charm: This 1931 Spanish-style building retains much of its original architectural appeal, featuring two elegant rotundas framing the second-story
landing and a gated entry that leads into a lushly landscaped courtyard. These charming elements create a welcoming atmosphere for tenants.
Upgraded Units: The 17 units have been thoughtfully upgraded to maintain their vintage appeal while incorporating modern finishes. Most units feature luxurious
granite countertops and pedestal sinks in the bathrooms. High 10’ ceilings throughout the building provide a spacious, airy feeling for tenants.
Generous Unit Sizes: With a total building square footage of 11,015, the property offers an average unit size that is both generous and comfortable, providing ample
living space for each of its residents. The well-appointed apartments appeal to long-term tenants who value quality and comfort.
Rooftop Patio: The property features a private rooftop patio, offering stunning views of the city and coastline. This tranquil outdoor space provides tenants with an
opportunity to enjoy relaxation, social gatherings, and scenic views, enhancing the overall living experience.
Individually Metered: The property is individually metered for both gas and electricity, making it easier to manage utility costs and providing an efficient setup for
tenants.
ADU Potential: The property includes five individual garages, offering potential for additional income through Accessory Dwelling Units (ADUs), subject to buyer
verification and city approval. This feature enhances the future income potential of the property.
Fully Occupied: The property is fully occupied, ensuring a consistent and immediate stream of rental income. This makes it a turnkey investment, minimizing the
risk and providing immediate cash flow for the new owner.
Attractive Pricing: The property is priced at $4.2 million, which equates to $247,058 per unit and $381 per square foot. Given the desirable location and the
exceptional property features, this represents a strong value in a competitive market.
Seller Financing: The Seller is offering an attractive seller carry-back financing option for the 1st trust deed at below-market rates with a strong deposit. This flexible
financing option enhances the accessibility and profitability of the investment.