Property Details
About this Property
721 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 10.87 GRM and 5.55% 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.
MLS Listing Information
MLS #
CRPW25065043
MLS Source
California Regional MLS
Days on Site
5
Interior Features
Laundry
None
Parking, School, and Other Information
Garage/Parking
Garage: 0 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Stevenson Elementary School | public | K-5 | 0.13 mi | |
| Franklin Classical Middle School | public | 6-8 | 0.33 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.42 mi | |
| International Elementary School | public | K-5 | 0.42 mi | |
| Lincoln Elementary School | public | K-5 | 0.52 mi | |
| Roosevelt Elementary School | public | K-5 | 0.76 mi | |
| Polytechnic High School | public | 9-12 | 0.79 mi | |
| Washington Middle School | public | 6-8 | 0.96 mi | |
| Edison Elementary School | public | K-5 | 1.02 mi | |
| Burbank Elementary School | public | K-5 | 1.07 mi | |
| Whittier Elementary School | public | K-5 | 1.11 mi | |
| Chavez Elementary School | public | K-5 | 1.11 mi | |
| Educational Partnership High School | public | 9-12 | 1.14 mi | |
| Alvarado Elementary School | public | K-5 | 1.33 mi | |
| Robinson Academy | public | K-8 | 1.33 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.46 mi | |
| Burnett Elementary School | public | K-5 | 1.55 mi | |
| Willard Elementary School | public | K-5 | 1.57 mi | |
| Lee Elementary School | public | K-5 | 1.64 mi | |
| Signal Hill Elementary School | public | K-5 | 1.71 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
721 E 7th St is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 7,503 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $3,425,000 and was built in 1923. This address can also be written as 721 E 7th St, Long Beach, CA 90813.
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This listing information is up-to-date as of March 25, 2025. For the most current information, please contact Robert Stepp, (310) 774-3740
