1089 E 7th Street
Long Beach, CA 90813
6
Bed
4
Bath
3,020Sqft
2,592Sqft(Lot)
STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTA
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 6Bathroom Information
Total Baths: 4Roofing Information
Composition -
Interior Features
Roof: Composition -
Heating & Cooling
Has Heating: Yes Heating: NaturalGas Cooling: None
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Building Information
Year Built: 1922Building Area Total: 3020Construction Materials: StuccoStories: 2Private Pool: NoView: None
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Lot Information
Main Square Feet: 2592 Lot Size Acres: 0.0595 Lot Size Square Feet: 2,592 Lot Description: CornersMarked,RectangularLotProperty Information
Subdivision: The Coughran Tract Source Property Type: ResidentialIncome Postal Code Plus 4: 4801 Direction Faces: South Levels: Two Property Age: 104
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Listing Price Information
Listing Price: $1399900SubjectToOther, Submit
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Tax Information
Parcel Number: 7266005024
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Virtual Tour
Parking Information
OnStreet
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Utility Information
OverheadUtilities -
Location Information
Direction: Intersection of Cerritos and 7th Street Security Features: CarbonMonoxideDetectors,SmokeDetectors
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | 8 | 4,722 | 5,844 Sqft |
| 1012 Vina, Long Beach, CA, 90813 | $599,999 | 3 | 2 | 1,206 | 3,711 Sqft |
| 1061 N Minerva, Long Beach, CA, 90813 | $595,000 | 1 | 1 | 703 | 2,766 Sqft |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,632.40 Sqft |
| 1323 Walnut Ave, Long Beach, CA, 90813 | $1,599,000 | 8 | 6 | -- | 6,362 Sqft |
| 1390 Gundry Avenue, Long Beach, CA, 90813 | $530,000 | 1 | 1 | 654 | 2,230 Sqft |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | 2 | 2 | -- | 6,728 Sqft |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $959,000 | 3 | 2 | 1,312 | 4,013 Sqft |
| 1442 Alamitos Avenue, Long Beach, CA, 90813 | $725,000 | -- | 3 | 1,064 | 2,018 Sqft |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 5,700 Sqft |
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ByOwner last updated this listing 09/02/2026 @ 19:19
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