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Sold on 02/26/2016
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1078 E 7th St, Long Beach, CA 90813

  • $1,285,000

    Last sold 02/26/2016 after 78 Days

  • 2

    bed

  • 1

    bath

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About 1078 E 7th St

Property type House
Neighborhood
Year built 1959
HOA fee $0/month
Lot size 6,963 Sqft
Rental estimate
Property description
The 7th Street Apartments offer an investor the opportunity to acquire a property with 100% 2-bedroom units; not an easy find in Long Beach. The building design and layout provide for a low maintenance exterior. Newer windows, a laundry facility, and on-site parking are among the amenities. The property is walking distance to schools, churches, and public transportation. The current rents have room to be raised.
Listed by
Listing Agent - Damien
Listing Office - Morgan Skenderian
Source: San Diego MLS mls logo
MLS#PW15260898 • last updated 6 years ago
Movoto checked San Diego MLS for data 8 minutes ago
Overview
Status SOLD
SubType Res Income 2-4 Units
MLS # PW15260898
Lot Size (SqFt) 6963
Year Built 1959
Exterior
Lot Desc 4, 000-7, 499 SF
Amenities / Utilities
Water Source Meter On Property
Pool Desc N/K
Location
County Los Angeles
APN 7266006017
Directions Property Is Located On 7th Street Between Cerritos Avenue & Alamitos Avenue
Multifamily Details
Unit 1: # Total Baths 1
Unit 1: # Bedrooms 2
Total # of Units 8
Gross Rent Multiplier (Actual) 12.23
Gross Scheduled Income 107940
Rental est.: $1,836/month
Gross rent multiplier: 58.3
  • Feb 2020
    Public Records
  • Feb 19, 2020 Sold
    $1,882,000 (+46.5%)
  • Feb 2016
    mls logo MLS # PW15260898
  • Feb 29, 2016 Sold
    $1,285,000
  • Feb 26, 2016 Sold
    $1,285,000 (-2.7%)
  • Dec 10, 2015 Listed
    $1,320,000
  • Dec 10, 2015 Listed
    $1,320,000 (+38.9%)
  • Feb 2016
    Public Records
  • Feb 26, 2016 Sold
    $1,285,000
  • Sep 2013
    mls logo MLS # PW13079036
  • Sep 17, 2013 Sold
    $950,000
  • Apr 23, 2013 Listed
    $969,000
  • Sep 2013
    Public Records
  • Sep 13, 2013 Sold
    $950,000 (-2.0%)
  • 1078 E 7th St
    $1.28M
  • Franklin School
    $395K -9% y/y
  • 90813
    $560K +12% y/y
  • Long Beach
    $699K -3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
1081 E 7th St, Long Beach, CA 90813 $606,000 2/1 748 0.03
1079 E 7th St, Long Beach, CA 90813 $541,000 2/1 625 0.03
650 Cerritos Ave, Long Beach, CA 90802 $704,000 2/2 1,574 0.04
715 Cerritos Ave, Long Beach, CA 90813 $581,000 2/1 804 0.04
721 Cerritos Ave, Long Beach, CA 90813 $675,000 2/1 920 0.05
716 Cerritos Ave, Long Beach, CA 90813 $812,000 2/1 1,299 0.06
1121 E 7th St, Long Beach, CA 90813 $812,000 4/4 1,932 0.07
747 Cerritos Ave, Long Beach, CA 90813 $757,000 3/1 1,335 0.08

Estimated values are based on public record data and automated valuation models. Values are not guaranteed and may not reflect current market conditions.

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5/10
Stevenson Elementary School
public Grades K-5
Long Beach Unified School District
4/10
Franklin Classical Middle School
public Grades 6-8
Long Beach Unified School District
6/10
Polytechnic High School
public Grades 9-12
Long Beach Unified School District
Source: GreatSchools.org © 2026. All rights reserved.

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