721 E 7th Long Beach, CA ^$ 2,795,000

721 E 7th

^$ 2,795,000

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721 E 7th

Long Beach, CA, 90813

^$ 2,795,000

Studio Baths1.0 Sq 10,464

Monthly Estimate*

^$ 17,437

Listed by Keller Williams Realty Downey

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721 E 7th, Long Beach, CA 90813 - Image 8

721 E 7th, Long Beach, CA 90813 - Image 9

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Studio

Multi-Family Home for sale in Long Beach, CA

for $2,795,000 with 1 full bath. This 10,464 square foot home was built in 1923 on a lot size of 0.1722.

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 8.87 GRM and 6.88% 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.

Multi-Family Active

Price

^$ 2,795,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1722

Year Built

1923

Town/City

Long Beach

County/Region

Los Angeles

MLS | Web ID

PW25229051

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 0

Pool Features None

Year Built 1923

Stories Count 2

Levels Two

Property Subtype Apartment

Gross Income 305624

Community Features Sidewalks

County Los Angeles

Net Operating Income 192405

Operating Expense 113219

Insurance Expense 17387

New Construction false

Property Type Residential Income

MaintenanceExpense 11200

Subdivision Name Downtown (DT)

Garage Y/N false

Special Listing Conditions Standard

Status Active

Directions 7th Street

City Long Beach

Entry Location 1

Senior Community Y/N false

Number Of Units Total 16

MLS Area 4 - Downtown Area Alamitos Beach

Lot Size Units Square Feet

Lot Size Square Feet 7501

Listing Terms Cash Cash to New Loan 1031 Exchange

Property Attached Y/N true

Land Lease Y/N false

Electric Expense 2597

Fuel Expense 2597

Trash Expense 2597

Water Sewer Expense 2597

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 3

Property Sub Type Additional Apartment

Taxes 36664

Cap Rate 6.88

Interior

Total Stories 2

Common Walls 2+ Common Walls

Laundry Features None

Entry Level 1

Exterior

Lot Features 16-20 Units/Acre

Water Source Public

Total Parking 0

Lot Size Area 7501

Number of Buildings 1

Building Area Total 10464

Lot Size Acres 0.1722

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 16

Number of Separate Gas Meters 16

Number of Separate Electric Meters 16

* Excluded Features

List By

Keller Williams Realty Downey

Broker

rstepp@steppcommercial.com

Affordability Calculator

$17,437

Per Month

Monthly Principal & Interest: $17,437
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Long Beach, CA

Average List Price ^$1,854,919

Percent of Sale Price 34%

About Long Beach, CA

470,090 Population

2% Since 2002

^$57,916 Median Income

35.78 Median Age

30% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
11/20/2025	$2,795,000		Listed Price

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721 E 7th, Long Beach, CA, 90813 is a Multi-Family Home for sale at $2,795,000 with 10,464 sqft and a lot size of 0.1722. 721 E 7th is a studio with 1.0 baths and was built in 1923. The property's zip code is 90813 which is in Long Beach, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/19/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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721 E 7th

Multi-Family Home for sale in Long Beach, CA

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