Long Beach, CA 90804,4141 E 7th ST
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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

$970,000

Est. payment /mo

$989,000

1.9%
Est.Price: ?

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4141 E 7th ST Long Beach, CA 90804

2,701 Sqft Lot

SOLD DATE : 12/17/2024

Key Details

Sold Price $970,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID CROC24212654

Sold Date 12/17/24

Originating Board California Regional MLS

Year Built 1958

Lot Size 2,701 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-Ter

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Interior

Heating Central Forced Air

Cooling Central AC

Laundry In Closet, Other

Exterior

Parking Features Other

Garage Spaces 5.0

Pool 31, None

View Local/Neighborhood

Roof Type Composition

Building

Water District - Public

Others

Tax ID 7254021035

Special Listing Condition Not Applicable

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MLS Listing IDX PLUS
Listed by Mary Ryan • Pacific Sotheby's Int'l Realty
Bought with Christian Humbert
agent

Luis Vasquez

Agent | License ID: 02083319

+1(650) 200-8722

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