721 E 7th Long Beach CA 90813 MLS #PW25229051

721 E 7th
Long Beach, CA, 90813
$2,795,000
Beds
0 Baths
0 SqFt
0.17 Acres
$2,795,000
721 E 7th
Long Beach, CA, 90813
MLS #PW25229051 image #0
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 6.88% 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.

Property Details

Price:
$2,795,000
MLS #:
PW25229051
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Subdivision:
Downtown DT
Neighborhood:
4downtownareaalamitosbeach
Listed Date:
Sep 30, 2025
Total Sq Ft:
10,464
Lot Size:
7,501 sqft / 0.17 acres (approx)
Year Built:
1923
4 – Downtown Area, Alamitos Beach4downtownareaalamitosbeachDowntown Dt

Schools

Interior

Laundry Features
NO
Levels
U

Exterior

Common Walls
_2CW
Community Features
SDW

Financial

Gross Operating Income
$305,624
Maintenance Fee
$11,200
Net Operating Income
$192,405
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Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…

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Current real estate data for Single Family in Long Beach as of Apr 08, 2026
788
Single Family Listed
59
Avg DOM
429
Avg $ / SqFt
$1,055,761
Avg List Price

Community

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Property Summary

    Located in the Downtown (DT) subdivision, 721 E 7th Long Beach CA is a Single Family for sale in Long Beach, CA, 90813. It is listed for $2,795,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1923. The average price per square foot for Single Family listings in Long Beach is $429. The average listing price for Single Family in Long Beach is $1,055,761. To schedule a showing of MLS#pw25229051 at 721 E 7th in Long Beach, CA, contact your James Outland agent at 8057482262.
721 E 7th
Long Beach, CA
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