1089 E 7th Street

Long Beach, CA 90813

50% VACANT LONG BEACH FOURPLEX! Exceptional opportunity for an investor or owner-user at 1089 E. 7th Street. This approximately 3,020 SF quadruplex features two 2BR/1BA and two 1BR/1BA units, with two units currently vacant, providing immediate flexibility to renovate, reposition, and establish new rental income. Existing occupied rents are $2,300 for a 2BR and $1,700 for a 1BR. Applying those existing rents to the comparable vacant unit types indicates approximately $96,000 in annual stabilized gross scheduled income before consideration of additional market-rent upside. Located along Long Beach's historic 7th Street corridor within the original Coughran Tract. Offered at $1,399,900, approximately $349,975/unit. A compelling opportunity to acquire a fourplex where the buyer can immediately control 50% of the units while benefiting from existing income. Buyer to Cooperate with a 1031 Exchange.

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