This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights—an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023—an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City''s Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.
Property Details
Price:
$989,000
MLS #:
OC24212654
Status:
Active Under Contract
Baths:
0
Address:
4141 E 7th Street
Type:
Residential Income
Subtype:
Commercial/Residential
Neighborhood:
3eastsidecirclearea
City:
Long Beach
Listed Date:
Oct 9, 2024
State:
CA
ZIP:
90804
Lot Size:
2,701 sqft / 0.06 acres (approx)
Year Built:
1958
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Schools
Interior
Cooling
Central Air
Flooring
Vinyl
Heating
Central
Interior Features
Furnished
Exterior
Community Features
Sidewalks, Street Lights
Garage Spaces
0.00
Lot Features
2-5 Units/ Acre
Parking Features
Driveway, Asphalt
Parking Spots
5.00
Pool Features
None
Roof
Composition
Sewer
Public Sewer
Spa Features
None
Stories Total
1
View
Neighborhood
Water Source
Public
Financial
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 Pacific Sotheby’s Int’l Realty. 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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