721 E 7th Street, Long Beach, CA 90813 (MLS # PW25065043)

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PRICE $3,425,000 dsIDX morgage calculator
BEDS n/a
BATHS 0
HOME SIZE 10,464 sqft
LOT SIZE 7,502 sqft
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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.

DAYS ON MARKET 24 LAST UPDATED 3/25/2025
TRACT Alamitos Beach (AB) YEAR BUILT 1923
COMMUNITY Downtown Area, Alamitos Beach COUNTY Los Angeles
STATUS Active PROPERTY TYPE(S) Residential Income


ADDITIONAL DETAILS
AREA Downtown Area, Alamitos Beach
LOT 7503 sq ft
LOT DESCRIPTION 16-20 Units/Acre
POOL DESCRIPTION None
SEWER Public Sewer
STORIES 2
SUBDIVISION Alamitos Beach (AB)
WATER Public
ZONING LBCO
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Listed with Keller Williams - Santa Monica

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Based on information from California Regional Multiple Listing Service, Inc. as of 4/17/25 4:15 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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