$1,399,000

Estimated payment $8,963/month

Total Views 2,969
3 Beds
6 Baths
3,133 Sq Ft
$447 Price per Sq Ft

Highlights

  • No HOA
  • Laundry Room
  • Wall Furnace
  • Woodrow Wilson High School Rated A

About This Home

Prime East Side Long Beach - Coastal Gem: 5-Unit Investment Opportunity Blocks Away from the Sand! Asking $1,399,000
Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unit
apartment building, listed at $1,399,000, offers the ultimate in location and income potential, with the beach a mere seven
blocks away – perfect for enjoying sun, surf, and seaside strolls. The property boasts a desirable unit configuration, including a
charming front 2-bedroom, 2-bathroom house complete with a 2-car garage and two extra parking spots. Ideal setup for
owner occupant seeking cashflow. The rear structure houses four well-appointed units, consisting of studios and one bedrooms, designed for broad appeal in Long Beach's thriving rental market. Property is well maintained with multiple
upgrades and remodeling throughout. Added income is generated from the convenient on-site laundry room. Beyond its
proximity to the Pacific Ocean, this address provides effortless access to an array of amenities. Residents will appreciate the
short distance to California State University, Long Beach (CSULB), as well as the eclectic mix of restaurants, boutiques, and
entertainment found along the renowned 4th Street corridor. Embrace the quintessential Long Beach lifestyle in this
exceptional income-generating property. Easy show and sell.

Listing Agent

Julio Bonilla

Keller Williams Pacific Estates Brokerage Phone: 562-355-8060 License #01281205 Listed on: 07/18/2025

Keller Williams Pacific Estates

Co-Listing Agent

Denise Reesha

Keller Williams Pacific Estate Brokerage Phone: 562-355-8060 License #01411207

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1923

Lot Details

  • 4,589 Sq Ft Lot
  • Two or More Common Walls
  • Density is 2-5 Units/Acre

Parking

  • 2 Open Parking Spaces
  • 2 Car Garage

Home Design

  • Property Attached

Interior Spaces

  • 3,133 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 6 Bathrooms

Utilities

  • Wall Furnace

Listing and Financial Details

  • Tax Lot 11
  • Tax Tract Number 1951
  • Assessor Parcel Number 7262020012
  • $952 per year additional tax assessments

Community Details

Overview

  • No Home Owners Association
  • 2 Buildings
  • 5 Units

Building Details

  • Rent Control
  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Net Operating Income $80,411

Property Details

Home Type

Multi-Family

Year Built

Built in 1923

Lot Details

0

Parking

2

Listing Details

  • Price Per Unit: 279800
  • Property Attached: Yes
  • Subdivision Name Other: Rose Park
  • Zoning: LBCNR
  • Property Sub Type: Commercial/Residential
  • Property Type: Residential Income
  • Parcel Number: 7262020012
  • Year Built: 1923
  • Special Features: None

Interior Features

  • Fireplace: No
  • Stories: 2
  • Entry Location: Front
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Levels: Two
  • Price Per Square Foot: 446.54

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 2.00
  • Total Parking Spaces: 4.00
  • Uncovered Spaces: 2.00

Utilities

  • Heating: Yes
  • Laundry: Yes
  • Heating Type: Wall Furnace
  • Laundry Features: Individual Room
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 4589.00
  • Lot Size Acres: 0.1053

Multi Family

  • Garage Income: 2400.00
  • Gross Scheduled Income: 120156.00
  • Laundry Income: 1500.00
  • Lot Size Area: 4589.0000 Square Feet
  • Net Operating Income: 80411.00
  • Number Of Rented Garages: 1
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 39745.00
  • Other Income1: 1200.00
  • Other Income Description: Storage
  • Rent Control: Yes

Tax Info

  • Tax Census Tract: 5769.01
  • Tax Lot: 11
  • Tax Tract Number: 1951
  • TaxOtherAnnualAssessmentAmount: 952.00

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/18/2025 07/18/25 For Sale $1,399,000 +1.9% $447 / Sq Ft
07/10/2020 07/10/20 Sold $1,373,500 0.0% $522 / Sq Ft
07/10/2020 07/10/20 Pending -- -- --
07/10/2020 07/10/20 For Sale $1,373,500 +61.6% $522 / Sq Ft
12/30/2015 12/30/15 Sold $850,000 -14.9% $323 / Sq Ft
12/05/2015 12/05/15 Pending -- -- --
10/22/2015 10/22/15 For Sale $999,000 -- $380 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

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Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: DW25162596

California Regional Multiple Listing Service (CRMLS)