2123 E 7th St Long Beach, CA 90804
Hellman NeighborhoodEstimated payment $8,806/month
Highlights
- Golf Course Community
- Property is near public transit
- Private Yard
- Wilson High School Rated A
- Corner Lot
- Park
About This Home
We are pleased to present an exceptional Rose Park Multi-Family Investment Opportunity located in the highly desirable Rose Park neighborhood of Long Beach - 2123 E. 7th Street. Centrally located just blocks from the Pacific Ocean and the vibrant 4th Street dining and retail corridor, the property sits directly across the street from the renowned, Michelin-starred Heritage restaurant and newly developed $1 million condominiums. The expansive 6,058-square-foot oversized lot features three separate structures, comprising a large fourplex alongside two detached units. The asset offers a highly favorable unit mix consisting of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units. Investors will benefit from major turnkey upgrades, including a new roof installed in 2020 and fully completed SB721 balcony compliance work. The property provides significant upside potential with straightforward value-add opportunities, including a potential garage conversion to an Accessory Dwelling Unit (ADU) and/or the addition of units built above the garages. Parking accommodations are also easily managed, featuring two single-car garages alongside convenient surface parking for tenants. *Property is located in an Opportunity Zone, which can provide preferential tax treatment for a buyer if they have capital gains to place. **2bedroom units are functionally two bedrooms and show as 1bedrooms on the tax roll. Buyer to verify.
Listing Agent
Younglewin Advisors, Inc. Brokerage Phone: 562-556-1118 License #01963090 Listed on: 08/05/2026
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 6,060 Sq Ft Lot
- Two or More Common Walls
- Corner Lot
- Rectangular Lot
- Private Yard
Parking
- 4 Open Parking Spaces
- 2 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 4,422 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Additional Features
- Exterior Lighting
- Property is near public transit
Listing and Financial Details
- Legal Lot and Block 13 / 2
- Tax Tract Number 576901
- Assessor Parcel Number 7262023034
- $2,205 per year additional tax assessments
- Seller Considering Concessions
Community Details
Overview
- 3 Buildings
- 6 Units
- Eastside Subdivision
Recreation
- Golf Course Community
- Park
- Dog Park
- Water Sports
- Bike Trail
Building Details
- 6 Separate Electric Meters
- 6 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $8,400
- Trash Expense $524
- Water Sewer Expense $1,855
- Operating Expense $47,323
- Gross Income $145,020
- Net Operating Income $93,345
Map
Home Values in the Area
Average Home Value in this Area
Property History
We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 08/05/2026 08/05/26 | For Sale | $1,325,000 | -- | $300 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW26171200
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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