E 7th Lot 3 Long Beach CA 90813 MLS #PW25229051

E 7th Lot 3
Long Beach, CA, 90813
$2,795,000
Beds
0 Baths
0 SqFt
0.17 Acres
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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 8.87 GRM and 6.67% 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.

Property Details

Price:
$2,795,000
MLS #:
PW25229051
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Downtown DT
Neighborhood:
4
Listed Date:
Sep 30, 2025
Total Sq Ft:
10,464
Lot Size:
7,501 sqft / 0.17 acres (approx)
Year Built:
1923
4Downtown Dt

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Schools

Interior

Laundry Features
NO

Exterior

Community Features
SDW

Financial

Maintenance Fee
$11,200
Net Operating Income
$186,559

Map

Community

Subdivisions in Long Beach

Market Summary

Current real estate data for Single Family in Long Beach as of Nov 06, 2025
460
Single Family Listed
55
Avg DOM
469
Avg $ / SqFt
$1,052,405
Avg List Price

Property Summary

    Located in the Downtown (DT) subdivision, E 7th Lot 3 Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $2,795,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1923. The average price per square foot for Single Family listings in Long Beach is $469. The average listing price for Single Family in Long Beach is $1,052,405.

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