721 E 7th
Long Beach, CA 90813
0
Bed
0
Bath
10,464Sqft
7,501Sqft(Lot)
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 amenit
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Water/Sewer
Water Source: Public Sewer: Public Sewer
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Building Information
Year Built: 1923 Building Area Total: 10,464 -
Pool Features
NoneLaundry Features
None
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Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1722 -
Lot Size Source: Assessor Lot Size Square Feet: 7501
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Listing Price Information
Original List Price: 2,795,000 Listing Contract Date: 2025-09-30 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7274020015
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Other Property Info
Source Listing Status: Active Source Neighborhood: 4 - Downtown Area, Alamitos Beach Directions: 7th Street Source Property Type: Residential Income Area: 4 - Downtown Area, Alamitos Beach Property SubType: Apartment -
Building and Construction
Property Age: 103 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 1 Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
At $267.11 per sq.ft.,this listing is priced below average compared to other condo from Long Beach.
The average condo price in Long Beach is $709260.88 with avg. price / sq.ft of $1313.00.
The average condo price in Los Angeles County is $716061.88 with avg. price / sq.ft of $1318.43.
How much is this property worth?
Curious about this home's true market value? Use our free Home Evaluation Tool to instantly get a personalized Comparative Market Analysis (CMA) report. Make smarter, data-driven decisions before you buy.
Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1101 Cherry Avenue, Long Beach, CA, 90813 | $2,925,000 | -- | -- | 4,508 | 4,508 SqFt |
| 1100 Walnut Avenue #6, Long Beach, CA, 90813 | $450,000 | 2 | 2 | 820 | 820 SqFt |
| 1100 Walnut Avenue #5, Long Beach, CA, 90813 | $440,000 | 2 | 2 | 820 | 820 SqFt |
| 744 Walnut, Long Beach, CA, 90813 | $1,475,000 | -- | -- | 4,670 | 4,670 SqFt |
| 1598 Long Beach #407, Long Beach, CA, 90813 | $585,000 | 2 | 3 | 1,230 | 1,230 SqFt |
| 1598 Long Beach #401, Long Beach, CA, 90813 | $500,000 | 1 | 1 | 910 | 910 SqFt |
| 1598 Long Beach Bouleva.., Long Beach, CA, 90813 | $475,000 | 1 | 1 | 910 | 910 SqFt |
| 1598 Long Beach #405, Long Beach, CA, 90813 | $469,900 | 1 | 1 | 910 | 910 SqFt |
| 1598 Long Beach #214, Long Beach, CA, 90813 | $574,900 | 2 | 3 | 1,230 | 1,230 SqFt |
| 1598 Long Beach Bouleva.., Long Beach, CA, 90813 | $459,900 | 1 | 1 | 880 | 880 SqFt |
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ByOwner last updated this listing 04/07/2026 @ 00:51
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