2009 E 7th Street

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2009 E 7th Street

Long Beach, CA 90804
Asking Price
$4.25M
Cap Rate
5.99%
Asset Type
Storefront Retail
Class
Class B

What's Special

2009 E 7th Street, Long Beach, CA 90804 <ul><li>​Corner location -- NEC 7th Street & Cherry Avenue, Long Beach</li><li>​26 units across two parcels -- 7 commercial + 19 residential</li><li>​Rents 20-25% below market with no rent control</li><li>​One vacant unit -- immediate lease-up upside</li><li>​Stabilized return above 7.5% upon repositioning</li><li>​Walk Score 97 -- highly walkable urban submarket</li><li>​Cash or cash to new loan -- seller concessions available</li></ul>

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NOI
$80,000
Cap Rate
1.88%
DSCR
0.32
Underwater
Cash-on-Cash
-13.52%
Monthly Payment
$21,026.681
Annual Cash Flow
$-172,320.173

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