1089 E 7th Street, Long Beach, CA 90813

Long Beach
Local realty services provided by:Better Homes and Gardens Real Estate Property Shoppe
1089 E 7th Street,Long Beach, CA 90813
$1,399,900
Virtual Tour
  • 6 Beds
  • 4 Baths
  • 3,020 sq. ft.
  • Multi-family
  • Active
Listed by: kory jackson
Office: exp realty of california inc888-584-9427
MLS#:26870317
Source:CRMLS

Price summary

  • Price:$1,399,900
  • Price per sq. ft.:$463.54

About this home

STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with...

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Home facts

  • Year built:1922
  • Subdivision & Development:The Coughran Tract
  • Listing ID #:26870317
  • Added:50 day(s) ago
  • Updated:September 29, 2026 at 11:44 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4
  • Living area:3,020 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1922
  • Building area:3,020 sq. ft.
  • Lot area:0.06 Acres
  • Lot Features:Corners Marked, Rectangular Lot
  • Architectural Style:Traditional
  • Construction Materials:Stucco
  • Foundation Description:Raised
  • Levels:2 Story

Finances and disclosures

  • Price:$1,399,900
  • Price per sq. ft.:$463.54

Features and amenities

  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Parking description:On Street
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