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Sold on 11/16/2023

1640 E 7th St, Long Beach, CA 90813

  • $1,133,000

    Last sold 11/16/2023 for $950K

  • 12

    bed

  • 4

    bath

  • 3,736

    Sqft ($254/Sqft)

Multi-family not for sale
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About 1640 E 7th St

Property type Multi-family
Neighborhood
Year built 1923
HOA fee $0/month
Lot size 6,566 Sqft
Movoto estimate
Property description
1640 E. 7th Street is a 4-unit multifamily value add investment opportunity. The exterior of the property is in need of major repairs - see photos for a limited view. The unit mix consists of (3) 3-bed / 1-bath and (1) 2-Bed / 1-bath units. The unit interiors were upgraded approximately 4 years ago. There are (4) single car garage spaces and an onsite laundry facility. The building is separately metered for both gas and electricity.
Listed by
Listing Agent - Nicholas Petrosian
Listing Office - Remax Commercial and Investment Realty
Source: The MLS mls logo
MLS#23-328295 • last updated 2 years ago
Movoto checked The MLS for data 18 minutes ago
Overview
Levels/Style Two
MLS # 23-328295
Type Residential Income
Status Sold
SqFt 3736
Lot Size (SqFt) 6566
Lot Size (Acres) 0.1507
Year Built 1923
Interior
Total # of Baths 4
Total # of Bedrooms 12
Exterior
# Parking Spaces 4
Parking Desc Garage Is Detached
Add'l Structures None
Amenities / Utilities
Equipment None
Location
County Los Angeles
Zoning LBCNR
APN 7266-022-023
Multifamily Details
Unit 3: Furnished No
Unit 1: Furnished No
Unit 4: Furnished No
Unit 3: Projected Rent 2500
Unit 1: Projected Rent 2500
Unit 1: # Beds 3
Unit 4: # Beds 2
Unit 1: Rent 2272
Unit 2: Rent 2461
Unit 3: Rent 2499
Unit 4: Rent 2095
Unit 2: Furnished No
Unit 2: Projected Rent 2500
Unit 4: Projected Rent 2200
Unit 3: # Beds 3
Unit 2: # Beds 3
Unit 2: # Baths 1
Unit 3: # Baths 1
Unit 1: # Baths 1
Unit 4: # Baths 1
Unit 4: Actual Rent 2095
Unit 2: Actual Rent 2461
Unit 3: Actual Rent 2499
Unit Type 2106, 2107, 2108, 2109
Unit 1: Actual Rent 2271.6
Total # Of Buildings 1
Net Operating Income 75574
Cap Rate 8.89
Vacancy Rate 3%
Gross Income 111919
Gross Operating Income 108681
Gross Rent Multiplier 7.59
Total Annual Expenses 33107
$1.13M
Range: $997K-$1.26M
Last 30 days 
  • Nov 2023
    mls logo MLS # 23-328295
  • Nov 29, 2023 Sold
    $950,000 (+11.8%)
  • Nov 16, 2023 Pending
    —
  • Nov 2, 2023 Listed
    $850,000
  • 1640 E 7th St
    $950K
  • Franklin School
    $325K -28% y/y
  • 90813
    $530K -3% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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8/10
Burbank Elementary School
public Grades K-5
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.

Around Franklin School

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