Keegan Cin | Realtor® | License # DRE 01971604

Property

Long Beach, CA 90804 2703 7th Street

2703 7th Street Long Beach, CA - Image 12703 7th Street Long Beach, CA - Image 22703 7th Street Long Beach, CA - Image 3
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2703 7th Street Long Beach, CA - Image 42703 7th Street Long Beach, CA - Image 52703 7th Street Long Beach, CA - Image 62703 7th Street Long Beach, CA - Image 72703 7th Street Long Beach, CA - Image 82703 7th Street Long Beach, CA - Image 92703 7th Street Long Beach, CA - Image 102703 7th Street Long Beach, CA - Image 112703 7th Street Long Beach, CA - Image 122703 7th Street Long Beach, CA - Image 132703 7th Street Long Beach, CA - Image 142703 7th Street Long Beach, CA - Image 152703 7th Street Long Beach, CA - Image 16
Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213
  • MLS# SB25036436
  • 02/18/2025
  • Request Tour
  • Request Info
  • Beds • 4
  • Baths • 3
  • SQFT • 1,543
  • Garage • 1
  • Year Built • 1919

Home Details

INVESTMENT OPPORTUNITY! Property to be delivered vacant with RTI ADU plans! Zoned LBCNR, 2703-2705 E. 7th St. is a versatile duplex located in the highly sought-after 7th Street district of Rose Park/Circle in Long Beach. Situated on a prime corner lot, this property offers endless possibilities for an owner/user, investors, developers, or business owners. With a mix of commercial and residential zoning, the property allows for various potential uses - buyer to verify. The sale includes RTI (Ready-to-Issue) plans for an ADU, allowing for the option to expand to three units. Buyers can maintain the current configuration or complete the ADU project to maximize rental income. Each existing unit features 2 bedrooms, 1 bath, a spacious living room, a formal dining room, a full kitchen, and a large sitting porch. The property also includes a detached single-car garage, separate electric and gas meters, upgraded plumbing, new wall furnaces, and a recently renovated kitchen in Unit 2703. Currently operating as a successful independent living home, the property generates strong income. Do not let this opportunity pass you by, contact listing agents below.
Presented By: John Stiegler II with Lyon Stahl Investment Real Estate, Inc.; 310-447-2213

Interior Features for 2703 7th Street

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall
Fireplace Y/NNo
Heating Y/NNo
Total Stories1

Other Rooms

Entry Level1

General for 2703 7th Street

Additional Parcels Y/NNo
AppliancesDryer, Washer
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate4.46
Carport Y/NNo
CityLong Beach
Community FeaturesSidewalks, Urban
CountyLos Angeles
DirectionsTurn left to merge onto I-405 S 0.2 mi Merge onto I-405 S 11.1 mi Take exit 32B to merge onto I-710 S toward Long Beach 3.3 mi Take exit 1C on the left toward Downtown Long Beach/Convention Ctr/Aquar
Electric Expense180.0
Electric On Property Y/NNo
Entry Locationfront
Expected Active Date 2025-02-20
Fuel Expense180.0
Garage Spaces1.0
Garage Y/NYes
Gross Income66000.0
HOANo
HOA Fee$0.0
Home Warranty Y/NNo
Insurance Expense1852.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsCash, CashToNewLoan, Conventional, Exchange1031
Lot Size Square Feet3638.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MobileHomeRemainsYNNo
Net Operating Income42149.0
New ConstructionNo
Number Of Units Total2
Operating Expense22453.0
Pool FeaturesNone
Property Attached Y/NYes
Property Sub Type AdditionalApartment
Property SubtypeApartment
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Tax Lot38
Trash Expense360.0
Water Sewer Expense1080.0
Waterfront Y/NNo
Year Built1919
Year Built SourcePublicRecords

Exterior for 2703 7th Street

Building Area Total1543.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesRectangularLot
Lot Size Acres0.0835
Lot Size Area3638.0
Lot Size SourcePublicRecords
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking1.0
Water SourcePublic

Additional Details

Price History

Keegan Cin

Team Lead
Price $999,999
MLS#SB25036436
List Date 02/18/2025
Property Type Multi-Family
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