433 W 7th St Long Beach, CA 90813
Willmore NeighborhoodEstimated payment $27,396/month
Total Views
6,567
10
Beds
10
Baths
11,015
Sq Ft
$381
Price per Sq Ft
Highlights
- Coastline Views
- Dual Staircase
- Wood Flooring
- 0.19 Acre Lot
- Fireplace in Bathroom
- Spanish Architecture
About This Home
We are pleased to present the exceptional opportunity to acquire a beautifully maintained, fully occupied, 17-unit multi-family property located at 433 W. 7th St, Long Beach, CA 90802. This historic Spanish-style building, constructed in 1931, combines architectural charm with modern upgrades, offering an ideal investment in the vibrant Long Beach market.Prime Location: Located in the heart of Downtown Long Beach, the property is just minutes from world-class dining, entertainment, shopping, and the waterfront. Residents enjoy easy access to major transportation routes, including the 710 Freeway, as well as close proximity to public transit options.Architectural Charm: This 1931 Spanish-style building retains much of its original architectural appeal, featuring two elegant rotundas framing the second-story landing and a gated entry that leads into a lushly landscaped courtyard. These charming elements create a welcoming atmosphere for tenants.Upgraded Units: The 17 units have been thoughtfully upgraded to maintain their vintage appeal while incorporating modern ?nishes. Most units feature luxurious granite countertops and pedestal sinks in the bathrooms. High 10’ ceilings throughout the building provide a spacious, airy feeling for tenants.Generous Unit Sizes: With a total building square footage of 11,015, the property offers an average unit size that is both generous and comfortable, providing ample living space for each of its residents. The well-appointed apartments appeal to long-term tenants who value quality and comfort.Rooftop Patio: The property features a private rooftop patio, offering stunning views of the city and coastline. This tranquil outdoor space provides tenants with an opportunity to enjoy relaxation, social gatherings, and scenic views, enhancing the overall living experience.Individually Metered: The property is individually metered for both gas and electricity, making it easier to manage utility costs and providing an ef?cient setup for tenants.ADU Potential: The property includes ?ve individual garages, offering potential for additional income through Accessory Dwelling Units (ADUs), subject to buyer veri?cation and city approval. This feature enhances the future income potential of the property.
Listing Agent
Justin White Brokerage Phone: 714.231.2537 License #01267826 Listed on: 05/06/2025
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1931
Lot Details
- 8,395 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Parking
- 5 Car Garage
- Parking Available
- Single Garage Door
- Automatic Gate
- Assigned Parking
Property Views
- Coastline
- Panoramic
Home Design
- Spanish Architecture
- Property Attached
- Cosmetic Repairs Needed
- Raised Foundation
- Spanish Tile Roof
- Stucco
Interior Spaces
- 11,015 Sq Ft Home
- 2-Story Property
- Dual Staircase
- High Ceiling
- Gas Fireplace
- Wood Frame Window
- Storage
- Laundry Room
- Wood Flooring
Bedrooms and Bathrooms
- 10 Bedrooms
- 10 Bathrooms
- Fireplace in Bathroom
Home Security
- Window Bars
- Carbon Monoxide Detectors
- Fire and Smoke Detector
Outdoor Features
- Fireplace in Patio
- Rain Gutters
Utilities
- Cooling System Powered By Gas
- Wall Furnace
- Water Heater
- Phone Available
- Cable TV Available
Listing and Financial Details
- Legal Lot and Block 24 / 36
- Tax Tract Number 5758
- Assessor Parcel Number 7272018023
- $3,011 per year additional tax assessments
Community Details
Overview
- 2 Buildings
- 17 Units
- Downtown Subdivision
Amenities
- Laundry Facilities
Building Details
- 18 Separate Electric Meters
- 17 Separate Gas Meters
- 1 Separate Water Meter
- Electric Expense $600
- Insurance Expense $16,523
- Maintenance Expense $12,750
- Other Expense $17,352
- Professional Management Expense $17,126
- Water Sewer Expense $3,200
- New Taxes Expense $52,089
- Operating Expense $123,030
- Gross Income $332,252
- Net Operating Income $210,413
Map
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/06/2025 05/06/25 | For Sale | $4,200,000 | +141.7% | $381 / Sq Ft |
| 08/08/2013 08/08/13 | Sold | $1,737,500 | -3.5% | $158 / Sq Ft |
| 06/15/2013 06/15/13 | Pending | -- | -- | -- |
| 04/26/2013 04/26/13 | For Sale | $1,800,000 | -- | $163 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Similar Homes in Long Beach, CA
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25100476
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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