Seller's Agent in 2026
Robert Stepp
Keller Williams Realty Downey
(310) 463-2916
2 in this area
79 Total Sales
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 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
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
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Home Values in the Area
Average Home Value in this Area
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 |
|---|---|---|---|---|
| 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
-
Aziz Zakkout
Buyer's Agent in 2026
Aziz Zakkout
Zakkout Real Estate Services
(858) 531-4442
1 in this area
19 Total Sales
-
Kristopher German
Seller's Agent in 2022
Kristopher German
RE/MAX
(909) 645-0443
1 in this area
126 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
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