3822 E 7th St Long Beach, CA 90804
Belmont Heights NeighborhoodEstimated payment $8,307/month
Highlights
- Golf Course Community
- Main Floor Primary Bedroom
- Built-In Features
- Fremont Elementary School Rated A
- High Ceiling
- Crown Molding
About This Home
We are pleased to present 3822 E. 7th Street, a well-maintained 5-unit multifamily investment opportunity located in the Belmont Heights submarket of Long Beach. This 5,014 SF lot benefits from extremely efficient lot coverage as it features (2) separate structures, a large central courtyard, and a communal outdoor barbeque area in the rear. The front structure consists of (4) 1 Bed/1 Bath units. These spacious, nearly identical units span approximately 750 square feet each and showcase the classic character and charm associated with vintage Belmont Heights apartments. The rear structure features (1) fully remodeled 2 Bed/1 Bath unit upstairs with approximately 950 SF of living area, which includes a master bedroom and walk in closet. Downstairs, there are (3) garages (one of which is currently being used for owner storage), and an on-site laundry room with leased units. Overall, the property has been meticulously maintained by ownership and features copper plumbing throughout with a consistently maintained main sewer line, exceptional unit interiors, and a recently inspected roof found to be in excellent condition. Priced at a 5.21% CAP rate and 12.47 GRM on current in-place income, with upside to an achievable 7.63% Market CAP rate and 9.47 Market GRM, this offering provides investors with strong day-one cash flow with compelling value-add components on multiple fronts. First, the 33% rent upside is compounded by the building’s extremely efficient expense profile as owner-paid utility expenses have historically remained very low. Further, the prudent investor can increase NOI by transitioning to owner-operated laundry equipment and monetizing the garage currently used for owner storage. In addition, the configuration of the rear structure offers significant ADU appeal (buyer to verify). Lastly, this Belmont Heights location boasts a Walk Score of 92 (“Walker’s Paradise”) and is located near excellent schools, including Woodrow Wilson High School a mere half mile away. In addition, the property’s proximity to the Traffic Circle provides convenient access to the major economic and employment hubs of Los Angeles and Orange counties, supporting consistent tenant demand in this strong infill location
Listing Agent
Lyon Stahl Investment Real Estate, Inc. Brokerage Phone: 562-457-8126 License #01971720 Listed on: 07/27/2026
Property Details
Home Type
- Apartment
Year Built
- Built in 1924 | Remodeled
Lot Details
- 5,014 Sq Ft Lot
- No Common Walls
- Back Yard
- Density is up to 1 Unit/Acre
Parking
- 3 Car Garage
- Parking Available
- Single Garage Door
Home Design
- Entry on the 1st floor
- Flat Roof Shape
- Raised Foundation
- Copper Plumbing
Interior Spaces
- 3,946 Sq Ft Home
- 2-Story Property
- Built-In Features
- Crown Molding
- High Ceiling
- Ceiling Fan
- Blinds
- Window Screens
- Entryway
- Living Room
- Security Lights
Kitchen
- Gas Oven
- Gas Cooktop
- Microwave
Bedrooms and Bathrooms
- 6 Bedrooms
- Primary Bedroom on Main
- Walk-In Closet
- 5 Bathrooms
Laundry
- Laundry in unit
- Leased Washer and Dryer
Accessible Home Design
- More Than Two Accessible Exits
- Accessible Parking
Outdoor Features
- Exterior Lighting
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Water Heater
Listing and Financial Details
- Tax Lot 4
- Tax Tract Number 3537
- Assessor Parcel Number 7254026005
- $1,115 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 5 Units
- Belmont Heights Subdivision
Amenities
- Laundry Facilities
Recreation
- Golf Course Community
Building Details
- 5 Separate Electric Meters
- 5 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $1,056
- Insurance Expense $5,919
- Maintenance Expense $3,524
- Professional Management Expense $5,874
- Water Sewer Expense $1,968
- New Taxes Expense $18,306
- Operating Expense $36,648
- Gross Income $116,153
- Net Operating Income $79,496
Map
Home Values in the Area
Average Home Value in this Area
Tax 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.
| 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 | $2,565 | $113,942 | $42,878 | $71,064 |
| 2024 | $2,419 | $111,709 | $42,038 | $69,671 |
| 2023 | $2,369 | $109,519 | $41,214 | $68,305 |
| 2022 | $2,252 | $107,372 | $40,406 | $66,966 |
| 2021 | $2,172 | $105,267 | $39,614 | $65,653 |
| 2020 | $2,165 | $104,468 | $39,208 | $65,260 |
| 2019 | $2,141 | $102,426 | $38,440 | $63,986 |
| 2018 | $2,023 | $100,424 | $37,687 | $62,737 |
| 2016 | $1,850 | $96,258 | $36,225 | $60,033 |
| 2015 | $1,794 | $94,813 | $35,681 | $59,132 |
| 2014 | $1,814 | $92,957 | $34,983 | $57,974 |
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 |
|---|---|---|---|---|
| 07/27/2026 07/27/26 | For Sale | $1,525,000 | -- | $386 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: SB26163180
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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