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:
$4,699,000
MLS #:
OC25101601
Status:
Active
Baths:
0
Address:
2009 E 7th Street
Type:
Residential Income
Subtype:
Apartment
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
May 5, 2025
State:
CA
ZIP:
90804
Lot Size:
12,196 sqft / 0.28 acres (approx)
Year Built:
1959
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Schools
Interior
Exterior
Community Features
Urban
Garage Spaces
0.00
Lot Features
36-40 Units/ Acre
Parking Features
None
Parking Spots
8.00
Pool Features
None
Sewer
Public Sewer, Sewer Paid
Stories Total
2
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
Electricity
Map
Community
- Address2009 E 7th Street Long Beach CA
- Area3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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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
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