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721 E 7th Street

Long Beach, CA 90813

– beds
– baths
– sqft
7,503 sqft lot
1923 build
– on site

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 10.87 GRM and 5.55% 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.

Listed By CRMLS_CA / Robert Stepp / Keller Williams - Santa Monica / 310-463-2916

Last checked: Checking… • Last updated Mar 25, 2025 •

MLS# PW25065043 —

The Building

Year Built:

1923
Year Built Source:

Assessor
New Construction:

No
Building Area Total:

10464.00
Building Area Units:

Square Feet
Total Number Of Units:

16
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

16
# of Separate Water Meters:

1
# of Separate Electric Meters:

16

Interior

Levels:

Two
Entry Location:

1
Laundry:

None

Location

Directions:

7th St
Latitude:

33.77565000
Longitude:

-118.18314200

The Property

Property Type:

Residential Income
Subtype:

Commercial/Residential
Zoning:

LBCO
Lot Features:

16-20 Units/Acre
Lot Size Area:

7503.0000
Lot Size Acres:

0.1722
Lot Size SqFt:

7503.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

26
Tax Census Tract:

5763.02
Tax Tract:

5763
Tax Lot:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7274020015

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Alamitos Beach (AB)
Subdivision:

Alamitos Beach (AB)
Features:

Sidewalks
Pool:

None
Senior Community:

No
Private Pool:

No

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
3/25/25 Mar 25, 2025	Listed / Active	CRMLS_CA	$3,425,000	3.6% (1.3% / YR)
6/17/22 Jun 17, 2022		CRMLS_CA	$3,305,000	0.8%
3/18/22 Mar 18, 2022		CRMLS_CA	$3,280,000

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This multifamily located in Downtown Long Beach, Long Beach, CA 90813 is currently for sale for $3,425,000. 721 E 7th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 6 days. 721 E 7th Street is in the Downtown Long Beach neighborhood of Long Beach and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Franklin Classical Middle School, Polytechnic High School, and Stevenson Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams - Santa Monica. Based on information from California Regional Multiple Listing Service, Inc. as of 15:47 on Mar 31.

This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.