721 E 7th Street, Long Beach, CA 90813 - Berkshire Hathaway HomeServices California Properties

721 E 7th Street, Long Beach, CA 90813

$3,425,000 Approx. USD 0 beds, 0 baths

Listing Agent


Robert Stepp | rstepp@steppcommercial.com
Lic#: 01456379
Broker: Courtesy of Keller Williams - Santa Monica

Agent Remarks

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.

Listing Details

Property type: Mixed Use (Multi-Family)
Status: Active
MLS# PW25065043
Price: $3,425,000
Beds: 0
Baths: 0
Built in 1923
2 stories
0.17 acres
Lot size: 0.1722
Subdivision: Alamitos Beach (AB)
County: Los Angeles
Zoning: LBCO
Lot description: SixteenToTwentyUnitsAcre
MLS area: 4 - Downtown Area, Alamitos Beach

Last Updated: 3/25/2025

 Days On Market (DOM): 95

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This listing belongs to the 4 - Downtown Area, Alamitos Beach MLS area

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Lat/Long: 33.775650, -118.183142.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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