4141 E 7th Street
Long Beach, CA 90804
- 4 beds
- – baths
- 1,121 sqft
- 2,701 sqft lot
- $865 per sqft
- 1958 build
- – on site
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This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights—an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023—an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City's Short-
Listing courtesy of BRIDGE / Pacific Sotheby's Int'l Realty
Last checked:
Checking…
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Last updated Dec 19, 2024
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MLS# CROC24212654 —
The Building
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Year Built:1958
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Building Area Units:Square Feet
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Building Area Total:1121
Interior
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Flooring:Vinyl
Room Dimensions
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Living Area:1121
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Living Area Units:Square Feet
Location
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Directions:7Th St & Ximino
The Property
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Property Type:Residential Income
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Property Subtype:OTHER
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Exterior Features:Other
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Parcel Number:7254021035
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Zoning:LBCC
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Lot Size Area:0.06
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Lot Size Acres:0.06
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Lot Size SqFt:2701
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Lot Size Units:Acres
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View:Other
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (310) 713-4860
Taxes
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Tax Tract:5770.00
Beds
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Bedrooms Total:4
The Listing
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Listing TermsCash
Heating & Cooling
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Heating:Central
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Heating:true
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Cooling:Central Air
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Cooling:true
Appliances
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Laundry Features:Laundry Closet
The Community
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Association:false
Parking
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Garage:false
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Attached Garage:false
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Carport:false
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Parking Total:5
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Parking Features:Other
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/17/24
Dec 17, 2024
|
Sold | BRIDGE | $970,000 | -1.9% |
11/26/24
Nov 26, 2024
|
Pending | BRIDGE | $989,000 | |
10/14/24
Oct 14, 2024
|
Relisted | BRIDGE | $989,000 | 53.3% (19.5% / YR) |