Aldon Lai
High Ten Partners, Inc.
(626) 618-9134
16 Total Sales
1 in Saint Mary's
$4,900,000 Price
721 E 7th St Long Beach, CA 90813
Saint Mary's Neighborhood
3
Beds
3
Baths
10,464
Sq Ft
7,501
Sq Ft Lot
About This Home
As of May 2026721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 8.87 GRM and 6.88% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building.
With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.
Last Agent to Sell the Property
Keller Williams Realty Downey Brokerage Phone: 310-463-2916 License #01456379 Listed on: 09/30/2025
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Property Details
Home Type
- Multi-Family
Year Built
- Built in 1923
Lot Details
- 7,501 Sq Ft Lot
- Two or More Common Walls
- Density is 16-20 Units/Acre
Home Design
- Apartment
- Entry on the 1st floor
Interior Spaces
- 10,464 Sq Ft Home
- 2-Story Property
Bedrooms and Bathrooms
- 3 Bedrooms
- 3 Bathrooms
Listing and Financial Details
- Legal Lot and Block 3 / 26
- Tax Tract Number 2828
- Assessor Parcel Number 7274020015
- $2,828 per year additional tax assessments
Community Details
Overview
- 16 Units
- Downtown Subdivision
Building Details
- Rent Control
- 16 Separate Electric Meters
- 16 Separate Gas Meters
- 16 Separate Water Meters
- Electric Expense $2,597
- Fuel Expense $2,597
- Gardener Expense $3,000
- Insurance Expense $17,387
- Maintenance Expense $11,200
- Other Expense $4,800
- Pest Control $3,000
- Professional Management Expense $25,281
- Trash Expense $2,597
- Water Sewer Expense $2,597
- New Taxes Expense $36,664
- Operating Expense $113,219
- Gross Income $305,624
- Net Operating Income $192,405
Home Values in the Area
Average Home Value in this Area
Agents Specializing in Saint Mary's, CA
-
Aldon Lai
-
Oliver Darwich
Oliver Darwich
Compass
(747) 998-0783
37 Total Sales
1 in Saint Mary's
$467,500 Price
-
Mike Dunfee
Mike Dunfee
Dunfee Real Estate Services
(424) 358-3624
120 Total Sales
1 in Saint Mary's
$370,000 Price
-
Leah Dilbeck
Leah Dilbeck
Engel & Völkers La Canada
(626) 414-5224
19 Total Sales
1 in Saint Mary's
$650,000 Price
-
Mark Yusupov
Mark Yusupov
Responds QuicklyKeller Williams Beverly Hills
(562) 222-5835
26 Total Sales
1 in Saint Mary's
$555,000 Price
-
Ramon Sanchez
Ramon Sanchez
Century 21 Allstars
(562) 684-6070
170 Total Sales
1 in Saint Mary's
$515,000 Price
Purchase 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 | Buyer | Sale Price | Title Company |
|---|---|---|---|
| $2,450,000 | Fidelity National Title | ||
| 737 E Fifth Street Llc | $3,305,000 | Fidelity National Title | |
| Lb7 Llc | -- | Orange Coast Title | |
| Smli Llc | -- | None Available | |
| Nassillon Development Inc | -- | Chicago Title Company | |
| Molina Holdings Llc | -- | None Available | |
| Nassillon Development Inc | $1,539,000 | Lawyers Title Company | |
| Akmal Arash | $1,200,000 | Land America Lawyers Title | |
| Parker James Wesley | -- | -- | |
| Cherry Avenue Long Beach Llc | $980,000 | Fidelity National Title Co L |
Source: Public Records
Mortgage 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 | Status | Borrower | Loan Amount |
|---|---|---|---|
| Previous Owner | $1,737,000 | ||
| Previous Owner | Smli Llc | $986,000 | |
| Previous Owner | Nassillon Development Inc | $986,000 | |
| Previous Owner | Nassillon Development Inc | $1,077,000 | |
| Previous Owner | Akmal Arash | $780,000 | |
| Previous Owner | Cherry Avenue Long Beach Llc | $735,000 |
Source: Public Records
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 | Prior Sale |
|---|---|---|---|---|---|
| 05/18/2026 05/18/26 | Sold | $2,450,000 | -12.3% | $234 / Sq Ft | |
| 09/30/2025 09/30/25 | For Sale | $2,795,000 | -15.4% | $267 / Sq Ft | |
| 06/17/2022 06/17/22 | Sold | $3,305,000 | +0.8% | $316 / Sq Ft | View Prior Sale |
| 03/16/2022 03/16/22 | Pending | -- | -- | -- | |
| 03/16/2022 03/16/22 | For Sale | $3,280,000 | -- | $313 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
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 |
|---|---|---|---|---|
| 2026 | $47,709 | $3,577,436 | $2,327,228 | $1,250,208 |
| 2025 | $47,709 | $3,507,292 | $2,281,597 | $1,225,695 |
| 2024 | $45,609 | $3,438,522 | $2,236,860 | $1,201,662 |
| 2023 | $44,824 | $3,371,100 | $2,193,000 | $1,178,100 |
| 2022 | $43,531 | $3,427,200 | $2,223,600 | $1,203,600 |
| 2021 | $16,708 | $1,183,464 | $835,110 | $348,354 |
| 2020 | $16,663 | $1,175,330 | $826,547 | $348,783 |
| 2019 | $16,468 | $1,152,364 | $810,341 | $342,023 |
| 2018 | $16,005 | $1,129,848 | $794,452 | $335,396 |
| 2016 | $14,709 | $1,082,132 | $763,603 | $318,529 |
| 2015 | $14,157 | $1,065,878 | $752,133 | $313,745 |
| 2014 | $14,137 | $1,045,000 | $737,400 | $307,600 |
Source: Public Records
Agents Affiliated with this Home
-
Robert Stepp
Seller's Agent in 2026
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
2 in this area
80 Total Sales
-
Aziz Zakkout
Buyer's Agent in 2026
Aziz Zakkout
Zakkout Real Estate Services
(858) 531-4442
1 in this area
18 Total Sales
-
Kristopher German
Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
130 Total Sales
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: PW25229051
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
Nearby Homes
- 727 Olive Ave
- 723 E 6th St
- 636 E 7th St
- 523 Olive Ave
- 815 E 9th St
- 420 Olive Ave
- 753 Cerritos Ave
- 1089 E 7th St
- 1028 E 10th St
- 1056 E 6th St
- 406 E 7th St
- 726 Elm Ave Unit 404
- 726 Elm Ave Unit 403
- 640 Elm Ave Unit 8
- 640 Elm Ave Unit 7
- 640 Elm Ave Unit 18
- 640 Elm Ave Unit 23
- 640 Elm Ave Unit 9
- 640 Elm Ave Unit 25
- 640 Elm Ave Unit 6
- 741 E 7th St
- 733 E 7th St
- 727 E 7th St
- 805 E 7th St
- 727 Olive Ave Unit 2
- 727 Olive Ave Unit 1
- 727 Olive Ave Unit 4
- 727 Olive Ave Unit 5
- 726 E 7th St
- 731 Olive Ave
- 709 E 7th St
- 732 Olive Ave
- 736 Olive Ave
- 736 Olive Ave
- 736 Olive Ave Unit 740
- 736 Olive Ave Unit 746
- 736 Olive Ave Unit 748
- 736 Olive Ave Unit 752
- 736 Olive Ave Unit 744
- 707 E 7th St
Your Personal Tour Guide
Ask me questions while you tour the home.