CA > Long Beach > Historic Rose Park
Long Beach, CA 90804,2009 E 7th ST
Long Beach, CA 90804,2009 E 7th ST
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The Warburton Team Brokered By EXp

The Warburton Team Brokered By EXp

+1(626) 630-2141
$4,499,000
Est. payment /mo
0.28 Acres Lot
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UPDATED:

Key Details

Property Type Apartment

Sub Type Apartment

Listing Status Active

Purchase Type For Sale

Subdivision Historic Rose Park

MLS Listing ID OC25101601

HOA Y/N No

Year Built 1959

Lot Size 0.280 Acres

Property Sub-Type Apartment

Property Description

This 26-unit mixed-use investment is located at the high-visibility corner of 7th Street and Cherry Avenue in the Historic Rose Park District of Long Beach—a walkable, rapidly evolving area surrounded by strong retail demand and stable residential tenancy.

The two-building property totals approximately 17,730 square feet and features 7 ground-floor retail suites and 19 apartment units, consisting of 1 studio, thirteen 1-bed/1-bath units, four 2-bed/1-bath units, and one 3-bed/1-bath unit. The diverse mix of units and commercial spaces creates multiple income streams and flexible leasing opportunities.

With rents significantly below market, the asset offers an estimated 20–25% rental upside achievable through light renovations, management efficiencies, and targeted leasing. The retail spaces have historically maintained 85–90% occupancy, while residential rents present further upside potential.

At the asking price, the property delivers a capitalization rate approaching 6%, and a market-adjusted return above 7.5%, once repositioned. This offering represents a rare chance to acquire a corner mixed-use property in one of Long Beach's most desirable submarkets—combining immediate income, long-term appreciation, and substantial value-add potential.

Location

State CA

County Los Angeles

Area 3 - Eastside, Circle Area

Zoning LBCCA

Interior

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

Community Features Urban

Total Parking Spaces 8

Private Pool No

Building

Lot Description 36-40 Units/Acre

Story 2

Sewer Public Sewer, Sewer Tap Paid

Water Public

New Construction No

Others

Senior Community No

Tax ID 7262024021

Energy Description 2500.0

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

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CRMLS – RECore
Listed by Mike Marcu Mike Marcu, Broker 949 688 1224

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