The Coughran Tract Real Estate

Welcome to The Coughran Tract, an inviting and vibrant subdivision nestled in the heart of Long Beach, California. This charming community offers a unique blend of suburban tranquility and urban convenience, making it a sought-after destination for families, young professionals, and retirees alike.

The Coughran Tract is characterized by its tree-lined streets and well-maintained homes, many of which showcase classic California architectural styles. The neighborhood exudes a warm, welcoming atmosphere, encouraging a strong sense of community among its residents. With a variety of housing options available, from cozy bungalows to spacious family homes, there’s something to suit every lifestyle and budget.

One of the standout features of The Coughran Tract is its proximity to an array of local amenities. Residents can enjoy easy access to parks, shopping centers, and dining options, all within a short drive or leisurely stroll. Nearby, the stunning beaches of Long Beach offer endless opportunities for outdoor recreation, from sunbathing and swimming to beach volleyball and picnicking.

Education is also a priority in this area, with several highly-rated schools serving the community, ensuring that families have access to quality learning environments for their children.

In addition to its residential charm, The Coughran Tract is conveniently located near major transportation routes, providing easy access to the bustling heart of Los Angeles and beyond. Whether you're commuting for work or exploring the vibrant culture of Southern California, you'll find The Coughran Tract to be the perfect place to call home. Come discover the charm and convenience of this delightful neighborhood today!

$1,399,900

6 Beds ⋅ 4 Baths ⋅ 26870317 MLS

STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with established cash flow. Located in Long Beach, the property provides access to one of Southern California's established rental markets and offers investors the opportunity to acquire a multifamily asset with approximately $96,000 in annual gross rental income while maintaining the potential for future rent growth, operational improvements, and long-term appreciation. PORTFOLIO OPPORTUNITY: 1089 E. 7th Street is being offered as part of a portfolio sale together with 117 W. 9th Street. The properties offer complementary investment strategies: 1089 E. 7th Street provides high existing income, and 117 W. 9th Street offers two vacant 2-bedroom units with owner-user and value-add potential. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer; also to independently verify all rents, expenses, income, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and all other property information.

1089 E 7th Street, Long Beach

Listing courtesy of Listing Agent: Kory Jackson (KoryJackson@gmail.com) from Listing Office: eXp Realty of California Inc.

The Coughran Tract Real Estate

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