Long Beach, CA 90804,4141 E 7th ST
Long Beach, CA 90804,4141 E 7th ST
Long Beach, CA 90804,4141 E 7th ST
Long Beach, CA 90804,4141 E 7th ST
Long Beach, CA 90804,4141 E 7th ST
Long Beach, CA 90804,4141 E 7th ST
See all 20 photos

$970,000

$989,000

1.9%
Est.Price: ?

For more information regarding the value of a property, please contact us for a free consultation.

Est. payment /mo

2,700 Sqft Lot


SOLD DATE : 12/17/2024

Key Details

Sold Price $970,000

Property Type Multi-Family

Sub Type Mixed Use

Listing Status Sold

Purchase Type For Sale

Subdivision Belmont Heights

MLS Listing ID OC24212654

Sold Date 12/17/24

Construction Status Updated/Remodeled

HOA Y/N No

Year Built 1958

Lot Size 2,700 Sqft

Property Description

This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights—an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023—an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City's Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCCA

Interior

Interior Features Furnished

Heating Central

Cooling Central Air

Flooring Vinyl

Fireplace No

Laundry Inside, Laundry Closet

Exterior

Parking Features Asphalt, Driveway

Carport Spaces 5

Pool None

Community Features Street Lights, Sidewalks

View Y/N Yes

View Neighborhood

Roof Type Composition

Total Parking Spaces 5

Private Pool No

Building

Lot Description 2-5 Units/Acre

Story 1

Sewer Public Sewer

Water Public

New Construction No

Construction Status Updated/Remodeled

Others

Senior Community No

Tax ID 7254021035

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Financing FHA

Special Listing Condition Standard

Read Less Info

Want to know what your home might be worth? Contact us for a FREE valuation!

Submit
Justin & Jessica Bouzane

Our team is ready to help you sell your home for the highest possible price ASAP


California Regional MLS (CRMLS)
Listed by Mary Ryan • Pacific Sotheby's Int'l Realty • 310-713-4860
Bought with Christian Humbert • Coldwell Banker Realty

GET MORE INFORMATION

Justin & Jessica Bouzane

Broker Associate | Lic# 01905244

Name
Phone*
Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.