2521 E 7th St Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $14,013/month
About This Home
Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $232.42 and $217,500 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.
Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 10/28/2024
Co-Listing Agent
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01460301
Property Details
Home Type
- Apartment
Est. Annual Taxes
- $29,101
Year Built
- Built in 1963
Lot Details
- 7,322 Sq Ft Lot
- No Common Walls
Parking
- 5 Car Garage
Home Design
- Entry on the 1st floor
Interior Spaces
- 9,358 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 16 Bedrooms
- 12 Bathrooms
Outdoor Features
- Rain Gutters
Listing and Financial Details
- Tax Lot 21
- Tax Tract Number 21
- Assessor Parcel Number 7262019023
- $2,038 per year additional tax assessments
Community Details
Building Details
- Rent Control
- 11 Separate Electric Meters
- 11 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $2,653
- Fuel Expense $2,653
- Gardener Expense $1,877
- Insurance Expense $8,655
- Maintenance Expense $8,390
- Other Expense $1,000
- Trash Expense $2,653
- Water Sewer Expense $2,653
- New Taxes Expense $29,101
- Operating Expense $59,637
- Gross Income $3,000
- Net Operating Income $108,153
Additional Features
- 10 Units
- Laundry Facilities
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 07/02/2025 07/02/25 | Pending | -- | -- | -- |
| 05/19/2025 05/19/25 | Price Changed | $2,175,000 | -5.2% | $232 / Sq Ft |
| 01/30/2025 01/30/25 | Price Changed | $2,295,000 | -8.2% | $245 / Sq Ft |
| 10/28/2024 10/28/24 | For Sale | $2,500,000 | -- | $267 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24222928
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
- 2415 E 7th St
- 776 Stanley Ave
- 2703 E 7th St
- 602 Stanley Ave
- 645 Temple Ave Unit 5
- 508 Molino Ave
- 916 Junipero Ave
- 938 Stanley Ave
- 732 Saint Louis Ave
- 2815 E 5th St
- 750 Saint Louis Ave
- 1050 Molino Ave
- 2420 E 4th St Unit 4
- 1012 Temple Ave
- 2009 E 7th St
- 2122 E 10th St
- 767 Freeman Ave
- 372 Carroll Park E Unit 305
- 372 Carroll Park E Unit 208
- 480 Cherry Ave