721 E 7th Street

Long Beach, CA 90813

  • 0 Bed(s)
  • 0 Bath(s)
  • 10,464 Sqft
  • 7503
    Sqft(Lot)
$3,425,000

Description

721 e. 7th street is an 16-unit apartment asset located in the east village arts district neighborhood of downtown long beach. the property is offered at 10.87 grm and 5.55% cap rate on current rents. the building in the front of the property was built in 1923, and offers (3) 2bd/1ba units, (8) 1bd/1ba units and (5) studio units. fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. building improvements include upgraded electrical throughout property. there is ample room to add community laundry facilities in the basement of building. with a walk score of 92, the property is in prime east village arts district, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in downtown long beach.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    49085373

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1923
    • Building Area Total: 10,464

    Pool Features

    • None

    Laundry Features

    • None

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1722
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 7503

  • Listing Price Information

    • Original List Price: 3,425,000
    • Listing Contract Date: 2025-03-25

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7274020015

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Directions: 7th St
    • Zoning: LBCO
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Mixed Use

    Building and Construction

    • Property Age: 102
    • Common Walls: 2+ Common Walls
    • Structure Type: Mixed Use
    • Year Built Source: Assessor
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 04/08/2025 @ 12:53

  • MLS: PW25065043
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 0 bedrooms which is for sale, it has 10,464 sqft, 7,503 sized lot, and 0 parking. are nearby neighborhoods.