Seller's Agent in 2025
Rick Applebaum
Morgan Skenderian
(949) 251-8800
1 in this area
70 Total Sales
2521 E 7th St Long Beach, CA 90804
Rose Park Neighborhood
16
Beds
12
Baths
9,358
Sq Ft
7,322
Sq Ft Lot
About This Home
As of November 2025Introducing 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.
Last Agent to Sell the Property
Morgan Skenderian Brokerage Email: rma@morganskenderian.com License #01273871 Listed on: 10/28/2024
Co-Listed By
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
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 11/05/2025 11/05/25 | Sold | $2,035,000 | -6.4% | $217 / Sq Ft |
| 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)
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $9,662 | $620,443 | $226,015 | $394,428 |
| 2024 | $9,662 | $608,279 | $221,584 | $386,695 |
| 2023 | $9,485 | $596,353 | $217,240 | $379,113 |
| 2022 | $8,951 | $584,661 | $212,981 | $371,680 |
| 2021 | $8,701 | $573,198 | $208,805 | $364,393 |
| 2019 | $8,577 | $558,278 | $202,612 | $355,666 |
| 2018 | $8,276 | $547,373 | $198,640 | $348,733 |
| 2017 | $8,189 | $534,602 | $194,746 | $339,856 |
| 2016 | $7,576 | $524,121 | $190,928 | $333,193 |
| 2015 | $7,305 | $516,250 | $188,061 | $328,189 |
| 2014 | $7,309 | $506,139 | $184,378 | $321,761 |
Source: Public Records
Agents Affiliated with this Home
-
Rick Applebaum
-
Damien Breaux
Seller Co-Listing Agent in 2025
Damien Breaux
Morgan Skenderian
(949) 584-0503
2 in this area
41 Total Sales
-
Austin Carr
Buyer's Agent in 2025
Austin Carr
Realty One Group United
(562) 537-7496
1 in this area
22 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW24222928
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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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