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721 E 7th
Long Beach CA 90813 US

$2,795,000

Active Listing ID PW25229051
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3 bed
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3.00 Bath (3 Full)
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Lot: 7,501.00 Square Feet
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Apartment

$2,795,000

Active Listing ID PW25229051
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721 E 7th 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.

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Property Features

  • Facts
  • Lot Size: 7,501.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Apartment
  • Features
  • Full Bathrooms: 3
  • Exterior Finish: Community Features Included: Sidewalks, 16-20 Units/Acre

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Apartment
  • listprice: 2795000
  • unparsedaddress: 721 E 7th
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 3
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.172199265381084
  • lotsizeunits: Square Feet
  • lotsizearea: 7501
  • livingarea: 10464
  • livingareaunits: Square Feet
  • listagentfullname: Robert Stepp
  • listagentemail: rstepp@steppcommercial.com
  • listagentkey: 3yd-MRMLSCA-PSTEPROB
  • listagentmlsid: PSTEPROB
  • listagentpreferredphone: 3104632916
  • listagentofficephone: 5623341500
  • listofficekey: 3yd-MRMLSCA-PB18067
  • listagentstatelicense: 01456379
  • listofficemlsid: PB18067
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1923
  • listingcontractdate: 2025-09-30
  • listagenturl: http://www.steppcommercial.com
  • countyorparish: Los Angeles
  • parcelnumber: 7274020015
  • numberofunitstotal: 16
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 0
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Sidewalks, 16-20 Units/Acre
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Realty SELA", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"rstepp@steppcommercial.com", "ListBrokerageCity":"Downey", "ListBrokerageCountry":"US", "ListBrokerageEmail":"klrw561@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/fcb2721111ea11e4868a22000b2b8d6f/20230208220705751.png", "ListBrokerageName":"Keller Williams Realty SELA", "ListBrokeragePhone":"(562) 334-1511", "ListBrokeragePostalCode":"90241", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":"Suite 100", "ListBrokerageUnparsedAddress":"8255 Firestone Blvd", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"8255 Firestone Blvd., #100", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"OCBONIEDW", "ListOfficeCity":"Downey", "ListOfficeCountry":"US", "ListOfficeEmail":"edbonilla.broker@gmail.com", "ListOfficePostalCode":"90241", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Apartment - Long Beach, CA", "ListingURL":"https://listings.listhub.net/pages/MRMLSCA/PW25229051/?channel=rexren", "MLSModificationTimestamp":"2025-09-30T14:24:33Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Apartment", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 10/23/2025 7:09:13 PM GMT
Source Updated Date: 12/20/2025 6:51:54 AM GMT

Courtesy of: Robert Stepp, Keller Williams Realty Downey, rstepp@steppcommercial.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.