2703 E 7th St Long Beach, CA 90804
Rose Park NeighborhoodEstimated payment $5,948/month
Highlights
- No HOA
- Laundry Room
- 1-Story Property
- Woodrow Wilson High School Rated A
- Rectangular Lot
About This Home
INVESTMENT OPPORTUNITY! Property to be delivered vacant with RTI ADU plans! Zoned LBCNR, 2703-2705 E. 7th St. is a versatile duplex located in the highly sought-after 7th Street district of Rose Park/Circle in Long Beach. Situated on a prime corner lot, this property offers endless possibilities for an owner/user, investors, developers, or business owners. With a mix of commercial and residential zoning, the property allows for various potential uses - buyer to verify. The sale includes RTI (Ready-to-Issue) plans for an ADU, allowing for the option to expand to three units. Buyers can maintain the current configuration or complete the ADU project to maximize rental income. Each existing unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining room, a full kitchen, and a large sitting porch. The property also includes a detached single-car garage, separate electric and gas meters, upgraded plumbing, new wall furnaces, and a recently renovated kitchen in Unit 2703. Currently operating as a successful independent living home, the property generates strong income. Do not let this opportunity pass you by, contact listing agents below.
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01981597 Listed on: 02/20/2025
Co-Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 310-447-2213 License #01944770
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $8,195
Year Built
- Built in 1919
Lot Details
- 3,638 Sq Ft Lot
- 1 Common Wall
- Rectangular Lot
Parking
- 1 Car Garage
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 1,543 Sq Ft Home
- 1-Story Property
Bedrooms and Bathrooms
- 2 Bedrooms
- 3 Bathrooms
Laundry
- Laundry Room
- Dryer
- Washer
Location
- Urban Location
Listing and Financial Details
- Tax Lot 38
- Tax Tract Number 576
- Assessor Parcel Number 7262017023
Community Details
Overview
- No Home Owners Association
- 2 Units
Building Details
- 2 Separate Electric Meters
- 2 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $180
- Fuel Expense $180
- Insurance Expense $1,852
- Trash Expense $360
- Water Sewer Expense $1,080
- Operating Expense $22,453
- Gross Income $66,000
- Net Operating Income $42,149
Map
Home Values in the Area
Average Home Value in this Area
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 | $8,195 | $625,801 | $512,020 | $113,781 |
| 2024 | $8,195 | $613,531 | $501,981 | $111,550 |
| 2023 | $8,054 | $601,502 | $492,139 | $109,363 |
| 2022 | $7,564 | $589,709 | $482,490 | $107,219 |
| 2021 | $7,410 | $578,147 | $473,030 | $105,117 |
| 2019 | $7,202 | $561,220 | $459,000 | $102,220 |
| 2018 | $3,499 | $262,663 | $194,804 | $67,859 |
| 2016 | $3,217 | $252,254 | $187,241 | $65,013 |
| 2015 | $3,091 | $248,466 | $184,429 | $64,037 |
| 2014 | $3,078 | $243,600 | $180,817 | $62,783 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 03/03/2025 03/03/25 | Price Changed | $999,999 | -16.3% | $648 / Sq Ft | |
| 02/20/2025 02/20/25 | For Sale | $1,195,000 | +117.3% | $774 / Sq Ft | |
| 02/06/2018 02/06/18 | Sold | $550,000 | 0.0% | $356 / Sq Ft | View Prior Sale |
| 08/25/2017 08/25/17 | For Sale | $550,000 | -- | $356 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Interfamily Deed Transfer | -- | None Available | |
| Grant Deed | $550,000 | Western Resources Title | |
| Grant Deed | $242,500 | North American Title Company | |
| Grant Deed | $540,000 | Lawyers Title | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- | |
| Interfamily Deed Transfer | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $440,000 | New Conventional | |
| Previous Owner | $378,000 | Purchase Money Mortgage |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB25036436
APN: 7262-017-023
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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