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  • Status:Pending
  • Square Foot:15,690
  • Lot Size:0.00 Acres
  • Community:Downtown Area, Alamitos Beach
  • Zip Code:90813
  • Property Type:Residential Income
  • List Date:Mon, Apr 03 2017

Property Description

Sara’s Apartment property is a 29 unit apartment community located in the bike friendly area of Downtown Long Beach. This asset offers investors the unique opportunity to acquire an investment property with a restricted cash flow for 7 years with a long term upside in appreciation value. Long Beach is a non-rent controlled market. The property was originally constructed in 1957 and features 19 (Studio) and ten (1 Bedroom) units, encompassing a gross building area of 15,650 square feet. The building features controlled-access entry, on-site laundry and attached covered parking garages for 14 units. The Subject Property is located at 240 E. 7th Street in the downtown neighborhood of Long Beach. Situated less than 7 blocks from Ocean Boulevard, The Pike Outlet Marketplace, and a mile from the ocean, just 6 blocks from the major retailers and restaurants along Pine Avenue.

Property Details

Essential Information

  • MLS #PW17035843
  • Price$3,200,000
  • Square Footage15,690
  • Acres0.00
  • Year Built1957
  • TypeResidential Income
  • StatusPending


  • Parking Spaces14


  • Lot Description0-1 Unit/Acre

Listing Details

  • Listing AgentGeorge Bustamante
  • Listing Co-AgentBecky Blair
  • Listing OfficeColdwell Banker Commercial

Community Information

  • Address240 W 7th Street
  • AreaDowntown Area, Alamitos Beach
  • SubdivisionOther
  • CityLong Beach
  • CountyLos Angeles
  • StateCA
  • Zip Code90813


  • # of Stories2
  • StoriesTwo

Additional Information

  • StoriesTwo

Price & Status History

Date Details Price Change
Active Under Contract (from Active)

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