1089 E 7th Street, Long Beach, CA 90813

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

Price summary

  • Price:$1,399,900

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 $19,050 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $76,950, representing an approximate 5.50% 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...

Contact an agent

contact an agent

Yes, I would like more information. Please use and/or share my information with a BHGRE®  affiliated agent to contact me about my real estate needs. By clicking Send message, I request to be contacted by phone or text message and consent to being contacted by automated means. I understand that my consent to receive calls or texts is not a condition of purchasing any property, goods, or services. Alternatively, I understand that I can access real estate services by email or I can contact the agent myself.

If a BHGRE®  affiliated agent is not available in the area where I need assistance, I agree to be contacted by a real estate agent affiliated with another brand owned or licensed by Anywhere Real Estate (CENTURY 21® , Coldwell Banker® , Corcoran® , ERA® , Sotheby's International Realty® ). I acknowledge that I have read and agree to theTerms of useandPrivacy notice

Home facts

  • Year built:1922
  • Subdivision & Development:The Coughran Tract
  • Listing ID #:26870317
  • Updated:August 13, 2026 at 11:08 AM

Rooms and interior

  • Bedrooms:6
  • Total bathrooms:4

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Roof:Composition
  • Year built:1922
  • 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

Features and amenities

  • Amenities:Carbon Monoxide (CO2) Detector

Parking

  • Parking description:On Street
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). Better Homes and Gardens Real Estate Clarity is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of Better Homes and Gardens Real Estate Clarity, a broker participant of California Regional MLS (Southern California). This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved.

New listings near 1089 E 7th Street