INVESTMENT OPPORTUNITY! Property to be delivered vacant with RTI ADU plans! Zoned LBCNR, 2703-2705 E. 7th St. is a versatile duplex located in the highly sought-after 7th Street district of Rose Park/Circle in Long Beach. Situated on a prime corner lot, this property offers endless possibilities for an owner/user, investors, developers, or business owners. With a mix of commercial and residential zoning, the property allows for various potential uses - buyer to verify. The sale includes RTI (Ready-to-Issue) plans for an ADU, allowing for the option to expand to three units. Buyers can maintain the current configuration or complete the ADU project to maximize rental income. Each existing unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining room, a full kitchen, and a large sitting porch. The property also includes a detached single-car garage, separate electric and gas meters, upgraded plumbing, new wall furnaces, and a recently renovated kitchen in Unit 2703. Currently operating as a successful independent living home, the property generates strong income. Do not let this opportunity pass you by, contact listing agents below.
MLS # | SB25036436 |
---|---|
Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1919 |
Days On Site | 145 |
Listing Provided By | Lyon Stahl Investment Real Estate, Inc. 310-425-9838 | John Stiegler II |
SQ Feet | 1,543 |
---|---|
Garage | 1 |
Story(s) | 1 |
Units | 3 |
Building(s) | 1 |
Acreage | 0.08 |
State | CA |
---|---|
County | Los Angeles |
City | Long Beach |
Zip Code | 90804 |
Area | 3 Eastside | Circle Area |
Listing VS Median (in 90804) | |
Price: $1,195,000 low | high Med: $699,900 SqFt: 1,543 low | high Med: 744 $ / SqFt: $774 low | high Med: $941 On site: 145 low | high Med: 46.000000 |