721 E 7th Street, Long Beach, CA 90813

Local realty services provided by:ERA Excel Realty
#1#2#3
721 E 7th Street,Long Beach, CA 90813
$3,425,000
  • - Beds
  • - Baths
  • 10,464 sq. ft.
  • Multi-family
  • Active
Listed by:robert stepp
Office:keller williams - santa monica
MLS#:PW25065043
Source:CRMLS

Price summary

  • Price:$3,425,000
  • Price per sq. ft.:$327.31

About this home

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.

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Home facts

  • Year built:1923
  • Listing Id #:PW25065043
  • Added:141 day(s) ago
  • Updated:August 13, 2025 at 01:10 PM

Rooms and interior

  • Living area:10,464 sq. ft.

Structure and exterior

  • Year built:1923
  • Building area:10,464 sq. ft.
  • Lot area:0.17 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$3,425,000
  • Price per sq. ft.:$327.31
Based on information from California Regional Multiple Listing Service, Inc. as of August 14, 2025 . 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. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

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