This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments.
With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.
With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.
Property Details
Price:
$4,499,000
MLS #:
OC25101601
Status:
Active
Baths:
0
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
3eastsidecirclearea
Listed Date:
May 5, 2025
Lot Size:
12,196 sqft / 0.28 acres (approx)
Year Built:
1959
See this Listing
Schools
Interior
Laundry Features
None
Exterior
Community Features
Urban
Parking Features
None
Parking Spots
8.00
Financial
Map
Community
- Address2009 E 7th Street Long Beach CA
- Neighborhood3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
Subdivisions in Long Beach
- Ackerfield Condos AC
- Alamitos Beach AB
- Alamitos Heights AH
- Artcraft Manor AM
- Bay Harbour BYH
- Belmont Heights BH
- Belmont Park BP
- Belmont Shore
- Belmont Shore BSD
- Bixby Knolls BK
- Bixby Riviera BBR
- Bixby Terrace BBT
- Bixby Terrace BT
- Bixby Village BV
- Bluff Park BLF
- California Heights CH
- Carson Park/Long Beach CLB
- Cedarhurst Apartments CDH
- Circle CA
- College Park CPZ
- College Park Estates CPS
- Cooper Arms CPA
- Country Club Gardens CCG
- Country Club manor CCM
- Country Club Villa CCV
- Crown Pointe CPT
- D\’Orleans DOR
- Downtown DT
- Eastside ES
- El Capitan ELC
- Eldorado ELD
- Genesis GNS
- Hacienda Heights HHT
- International Towers ITT
- Island Village ISV
- La Marina Estates
- Lafayette Building LF
- Lakewood City/Long Beach LCB
- Lakewood Mutuals LKMU
- Lakewood Village LKVL
- Lakewood Village LVD
- Los Altos/North of Fwy LNF
- Los Altos/South of Fwy LSF
- Los Cerritos LC
- Lynn Manor LNM
- Marina Pacifica MRP
- Mobile Estates ME
- Mystic Cove MC
- Naples NA
- New Bixby NB
- North Long Beach
- North Long Beach NLB
- Ocean House OCH
- Ocean Terrace OCT
- Pacific Shores PCS
- Park Estates PE
- Park Ocean PO
- Peninsula PI
- Pine Villas PVL
- Plaza North of Spring PZN
- Plaza South of Spring PZS
- Poly High PH
- Queens Surf QS
- Queens View Condos QVC
- Rancho RNC
- Ridgewood Heights RH
- Royal Palms RP
- South of Conant Northwest SNW
- South of Conant Southeast SSE
- South of Conant Southwest SSW
- Spinnaker Bay SY
- Stoney Brook Villas ST
- Stratford Square SQQ
- The Galaxy Towers TGT
- The Lakes TLK
- Villa Riviera VLR
- Virginia Country Club VCC
- Westside/North of Willow WNW
- Westside/South of Willow WSW
- Willmore District WM
- Wrigley Area WR
- Wrigley Heights WH
- X-100s X1
Market Summary
Current real estate data for Residential Income in Long Beach as of Oct 21, 2025
208
Residential Income Listed
172
Avg DOM
$1,846,461
Avg List Price
Property Summary
- 2009 E 7th Street Long Beach CA is a Residential Income for sale in Long Beach, CA, 90804. It is listed for $4,499,000
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Courtesy of Mike Marcu, Broker. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2025. California Regional Multiple Listing Service. All rights reserved.2009 E 7th Street
Long Beach, CA