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Sold on 09/11/2019
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707 E 7th St, Long Beach, CA 90813

  • $1,900,000

    Last sold 09/11/2019 after 177 Days

  • 11

    bed

  • 6

    bath

House not for sale
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About 707 E 7th St

Property type House
Neighborhood
Year built 1926
HOA fee $0/month
Lot size 7,501 Sqft
Property description
First time on the market in over 17 years and Seller is extremely motivated. Property is currently operating as 9 units, but shows 10 legal units on record. Huge value-add opportunity with below market rents and a Pro Forma Cap Rate of 6.44% based on conservative market rents. The property is comprised of EIGHT (Studios) and ONE (11+ 3 House). The house was built as two separate single family houses and legally converted into a duplex in 1999. 4 of the 8 Studios have been remodeled and the house is in goo
Listed by
Listing Agent - Andrew McAllister
Listing Office - Nationwide Real Estate Execs
Source: San Diego MLS mls logo
MLS#RS19059595 • last updated 6 years ago
Movoto checked San Diego MLS for data 4 minutes ago
Overview
Status SOLD
SubType Res Income 2-4 Units
MLS # RS19059595
Lot Size (SqFt) 7501
Year Built 1926
Exterior
Lot Desc 7, 500-10, 889 SF
Amenities / Utilities
Water Source Meter On Property
Pool Desc N/K
Location
Neighborhood Downtown (DT)
County Los Angeles
APN 7274020013
Zoning LBCO
Directions Corner Of East 7th Street & Lime Avenue
Multifamily Details
Unit 1: # Total Baths 3
Unit 2: # Total Baths 1
Unit 3: # Total Baths 1
Unit 4: # Total Baths 1
Unit 1: # Bedrooms 11
Unit 2: Actual Rent 925
Unit 3: Actual Rent 1100
Unit 4: Actual Rent 925
Total # of Units 9
Gross Rent Multiplier (Actual) 12.28
Gross Scheduled Income 158820
  • Sep 2019
    mls logo MLS # RS19059595
  • Sep 11, 2019 Sold
    $1,900,000
  • Sep 11, 2019 Sold
    $1,900,000 (-2.6%)
  • Sep 10, 2019 Pending
    —
  • Mar 18, 2019 Listed
    $1,950,000 (-8.2%)
  • Mar 18, 2019 Listed
    $2,125,000
  • 707 E 7th St
    $1.9M
  • Saint Mary
    $530K -1% y/y
  • 90813
    $549K 0% y/y
  • Long Beach
    $700K -2% y/y
No chart available
Statistics calculated by Movoto

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5/10
Stevenson 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.

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