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721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
721 E 7th, Long Beach CA 90813
California>Long Beach>Saint Mary

721 E 7thLong Beach, CA 90813

For Sale

$2,795,000

Smart Buyer Rebate $27,950

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 8.87 GRM and 6.67% 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.

Listed by Robert Stepp

·

License #01456379

·

Keller Williams Realty Downey

·

310-463-2916

Last updated September 30, 2025

·

Source: CRMLS #PW25229051

Listing Facts

  • TypeMulti-family
  • NeighborhoodSaint Mary
  • Days on Prevu50

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

10/29/2025
Status changed to Active
$2,795,000
10/23/2025
Status changed to Removed from Feed
$2,795,000
10/18/2025
Status changed to Active
$2,795,000
10/17/2025
Status changed to Removed from Feed
$2,795,000
09/30/2025
Listed by Keller Williams Realty Downey
$2,795,000

Property Details for 721 E 7th

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 16
  • Property Attached: Yes
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1923
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 10,464
  • Building Area Units: Square Feet
  • Lot Features: 16-20 Units/Acre
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,501
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 7,501
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Cap Rate: 6.67
  • Gross Income: $299,470.00
  • Operating Expense: $112,911.00

Taxes

  • Parcel Number: 7274020015

Other

Location

  • Subdivision Name: Downtown (DT)
  • Tax Block: 26
  • Tax Lot: 3

Utilities

Equipment

  • Sewer: Public Sewer
  • Water Source: Public

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.