Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, there may be some market upside to this rent, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications.
The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $72,000 in 2023, which averages just under $6,000 per month. Both units combined generate an average rental income of $9,000 per month before expenses.
The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim''s Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually.
Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations.
Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.
The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $72,000 in 2023, which averages just under $6,000 per month. Both units combined generate an average rental income of $9,000 per month before expenses.
The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim''s Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually.
Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations.
Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.
Property Details
Price:
$995,000
MLS #:
SB24093615
Status:
Active
Baths:
0
Address:
4141 E 7th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
May 8, 2024
State:
CA
ZIP:
90804
Lot Size:
2,659 sqft / 0.06 acres (approx)
Year Built:
1958
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Schools
Interior
Cooling
Central Air
Heating
Forced Air
Exterior
Community Features
Biking, Curbs, Park, Sidewalks, Street Lights
Fencing
Wood
Garage Spaces
0.00
Lot Features
Corner Lot, Cul- De- Sac, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers Timer
Parking Features
Driveway, Concrete, Gravel
Parking Spots
5.00
Pool Features
None
Security Features
Carbon Monoxide Detector(s), Security Lights, Security System, Smoke Detector(s)
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Utilities
Sewer Connected
Map
Community
- Address4141 E 7th Street Long Beach CA
- Area3 – Eastside, Circle Area
- CityLong Beach
- CountyLos Angeles
- Zip Code90804
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Courtesy of Compass. 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 2024. California Regional Multiple Listing Service. All rights reserved.
4141 E 7th Street
Long Beach, CA
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