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Sold on 06/29/2018
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338 E 7th St, Long Beach, CA 90813

  • $2,272,500

    Last sold 06/29/2018 after 74 Days

  • 1

    bed

  • 1

    bath

House not for sale
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About 338 E 7th St

Property type House
Neighborhood
Year built 1912
HOA fee $0/month
Lot size 5,296 Sqft
Rental estimate
Property description
Significant value add opportunity, priced at a 5.11% cap rate comprised of 10 spacious 1 Bed / 1 Bath units averaging 670 SF each. (4) units have undergone "gut" remodels to the studs, including porcelain tile floors, stainless steel appliances, quartz counters, custom cabinets, modern light fixtures, & marble shower tile. A 5th unit will be modernized and put in a condition suitable for a new investor to add finishes of their liking. Exterior improvements include a new roof in 2018, drought tolerant land
Listed by
Listing Agent - Andrew McAllister
Listing Office - Nationwide Real Estate Execs
Source: San Diego MLS mls logo
MLS#RS18087051 • last updated 6 years ago
Movoto checked San Diego MLS for data 16 minutes ago
Overview
Levels/Style 2 Story
Status SOLD
SubType Res Income 2-4 Units
MLS # RS18087051
Lot Size (SqFt) 5296
Year Built 1912
Exterior
Amenities / Utilities
Water Source Meter On Property
Pool Desc N/K
Location
Neighborhood Downtown (DT)
County Los Angeles
APN 7273027007
Zoning LBPD30
Directions 7th & Long Beach Blvd
Multifamily Details
Unit 1: # Total Baths 1
Unit 1: # Bedrooms 1
Total # of Units 10
Gross Rent Multiplier (Actual) 13.14
Gross Scheduled Income 174600
Rental est.: $1,540/month
Gross rent multiplier: 123.0
  • Jul 2018
    mls logo MLS # RS18087051
  • Jul 1, 2018 Sold
    $2,272,500
  • Jun 29, 2018 Sold
    $2,272,500 (-1.0%)
  • Jun 21, 2018 Pending
    —
  • May 31, 2018 Active
    —
  • Apr 16, 2018 Listed
    $2,295,000
  • Apr 16, 2018 Listed
    $2,295,000 (+97.0%)
  • Jun 2018
    Public Records
  • Jun 29, 2018 Sold
    $2,272,500
  • Jun 2016
    Public Records
  • Jun 21, 2016 Sold
    $1,165,000
  • 338 E 7th St
    $2.27M
  • Downtown Long Beach
    $424K -8% y/y
  • 90813
    $550K +10% y/y
  • Long Beach
    $699K -3% y/y
No chart available
Statistics calculated by Movoto
Est. value Bed/bath Sqft mi
347 E 7th St, Long Beach, CA 90813 $597,000 5/2 2,378 0.03
615 Elm Ave, Long Beach, CA 90802 $721,000 3/1 1,344 0.05
351 E 6th St, Long Beach, CA 90802 $877,000 3/1 2,376 0.05
718 Elm Ave, Long Beach, CA 90813 $694,000 2/1 986 0.06
724 Elm Ave, Long Beach, CA 90813 $804,000 4/1 1,816 0.06
735 Elm Ave, Long Beach, CA 90813 $851,000 3/2 2,049 0.07
424 E 7th St, Long Beach, CA 90813 $672,000 3/1 1,064 0.07
745 Elm Ave, Long Beach, CA 90813 $868,000 5/1 2,082 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
International 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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