721 E 7th, Long Beach, CA 90813

Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley
721 E 7th,Long Beach, CA 90813
$2,795,000
  • - Beds
  • - Baths
  • 10,464 sq. ft.
  • Multi-family
  • Active
Listed by: robert stepp
Office: keller williams realty downey
MLS#:PW25229051
Source:CRMLS

Price summary

  • Price:$2,795,000
  • Price per sq. ft.:$267.11

About this home

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 6.88% 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.

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Home facts

  • Year built:1923
  • Listing ID #:PW25229051
  • Added:50 day(s) ago
  • Updated:November 20, 2025 at 12:54 PM

Rooms and interior

  • Living area:10,464 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:10,464 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$2,795,000
  • Price per sq. ft.:$267.11
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