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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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721 E 7th Street Long Beach, CA 90813
$3,425,000 0 beds, 0 baths
0 sqft
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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
List price is $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

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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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Listing Agent: Robert Stepp
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

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Population by Gender

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Lic#: 01276603

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Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
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© 2025 Berkshire Hathaway HomeServices California Properties (BHHSCP) is a member of the franchise system of BHH Affiliates LLC. BHHS and the BHHS symbol are registered service marks of Columbia Insurance Company, a Berkshire Hathaway affiliate. BHH Affiliates LLC and BHHSCP do not guarantee accuracy of all data including measurements, conditions, and features of property. Information is obtained from various sources and will not be verified by broker or MLS. Buyer is advised to independently verify the accuracy of that information.
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