A great opportunity to own a well-maintained triplex income property near downtown Long Beach In the beautiful historical Willmore City/Drake Park District which was the first historic district declared by the City of Long Beach . This triplex offers 3 – large one bedroom units each with their own 1-car garages and dual paned windows throughout. The ground floor unit has a private patio yard area and a 1-car garage with direct access into the unit. Upstairs features a newly remodeled unit with laminate flooring throughout, a remodeled kitchen with quartz countertops and has new paint. The building has a gated secured entrance with approximately 1,914 sqft of living space and is situated on a 5,253 sqft lot (total including the community garden), and features a separate laundry room with a new owner coin operated washer and dryer plus large storage room. The lot next door is currently being used as a community garden, but it has its own address of 646 Chestnut and a separate water meter. A historical house was moved from there to Drake Park in the 1980’s. Potential to build an ADU, please check with the City of Long Beach to verify.
Sold for $975,000
Listing Provided by: Coldwell Banker Realty
Bought with: Coldwell Banker Realty
$975,000
348 W 7th St, Long Beach, CA 90813
3beds
3baths
1,914sqft
Triplex
Built in 1960
-- sqft lot
$1,028,700 Zestimate®
$509/sqft
$2,633 Estimated rent
Home value
$1,028,700
$967,000 - $1.10M
$2,633/mo
Zestimate® history
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List your homeWhat's special
Quartz countertopsRemodeled kitchenNewly remodeled unitSeparate laundry roomDual paned windows throughoutLarge storage roomLaminate flooring throughout
Zillow last checked:
Listing updated:
Listing Provided by:
Kym Elder DRE #01320231 562-254-1489,
Coldwell Banker Realty
Bought with:
Kym Elder, DRE #01320231
Coldwell Banker Realty
Source: CRMLS,MLS#: PW23163067
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSFacts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 3
- Bathrooms: 3
Heating
- Wall Furnace
Cooling
- None
Appliances
- Included: Gas Range, Gas Water Heater, Dryer, Washer
- Laundry: Common Area, Laundry Room
Features
- Ceiling Fan(s), Quartz Counters
- Flooring: Carpet, Laminate, Vinyl, Wood
- Windows: Double Pane Windows
- Common walls with other units/homes: No Common Walls
Interior area
- Total structure area: 1,914
- Total interior livable area: 1,914 sqft
Property
Parking
- Total spaces: 3
- Parking features: Door-Single, Garage Faces Front, Garage, Off Street
- Garage spaces: 3
Features
- Entry location: 1
- Pool features: None
- Spa features: None
- Fencing: Good Condition,Wood,Wrought Iron
- Has view: Yes
- View description: None
Lot
- Size: 5,253 sqft
- Features: Corner Lot
Details
- Parcel number: 7272022002
- Zoning: LBPD10
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Triplex
Materials
- Copper Plumbing
- Foundation: Slab
- Roof: Composition
Condition
- New construction: No
- Year built: 1960
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Community
- Community features: Sidewalks
Location
- Region: Long Beach
- Subdivision: Downtown (Dt)
HOA & financial
Other financial information
- Total actual rent: 2545
Other
Other facts
- Listing terms: Cash,Cash to New Loan,1031 Exchange,FHA,VA Loan
Price history
| Date | Event | Price |
|---|---|---|
| 10/17/2023 | Sold | $975,000$509/sqft |
Source:  CRMLS #PW23163067 Report a problem | ||
| 9/15/2023 | Contingent | $975,000$509/sqft |
Source: CRMLS #PW23163067 Report a problem | ||
| 9/8/2023 | Listed for sale | $975,000+219.7%$509/sqft |
Source: CRMLS #PW23163067 Report a problem | ||
| 1/12/2015 | Listing removed | $1,050$1/sqft |
Source: Coldwell Banker Coastal Alliance #PW15002433 Report a problem | ||
| 1/7/2015 | Listed for rent | $1,050+10.5%$1/sqft |
Source: Coldwell Banker Coast Allianc #PW15002433 Report a problem | ||
| 3/26/2013 | Listing removed | $950 |
Source: e-agents #PW13043277 Report a problem | ||
| 3/15/2013 | Listed for rent | $950 |
Source: e-agents #PW13043277 Report a problem | ||
| 11/21/2008 | Sold | $305,000+3.4%$159/sqft |
Source: Public Record Report a problem | ||
| 10/23/2008 | Listed for sale | $294,900-17.4%$154/sqft |
Source: Coldwell Banker** #P658849 Report a problem | ||
| 9/28/2008 | Listing removed | $357,000$187/sqft |
Source: Listhub #R803153 Report a problem | ||
| 8/23/2008 | Listed for sale | $357,000-20.7%$187/sqft |
Source: Listhub #R803153 Report a problem | ||
| 6/17/2008 | Sold | $450,000-32.9%$235/sqft |
Source: Public Record Report a problem | ||
| 2/1/2006 | Sold | $671,000+27.8%$351/sqft |
Source: Public Record Report a problem | ||
| 5/27/2004 | Sold | $525,000+138.6%$274/sqft |
Source: Public Record Report a problem | ||
| 12/9/2002 | Sold | $220,000$115/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $13,262 +4.2% | $995,300 +2% |
| 2024 | $12,730 +139.3% | $975,800 +157.9% |
| 2023 | $5,319 +6.3% | $378,302 +2% |
| 2022 | $5,004 +2.2% | $370,901 +2% |
| 2021 | $4,894 +0.3% | $363,645 +1% |
| 2020 | $4,882 | $359,926 +2% |
| 2019 | $4,882 +4.9% | $352,885 +2% |
| 2018 | $4,653 | $345,982 +2.2% |
| 2017 | $4,653 +1.1% | $338,414 +2% |
| 2016 | $4,604 +7.5% | $331,780 +1.5% |
| 2015 | $4,282 +4.4% | $326,797 +2% |
| 2014 | $4,102 | $320,397 +2.5% |
| 2012 | -- | $312,696 +2% |
| 2011 | -- | $306,566 +0.8% |
| 2010 | -- | $304,276 -0.2% |
| 2009 | -- | $305,000 -56.3% |
| 2008 | -- | $698,108 +2% |
| 2007 | -- | $684,420 +25.3% |
| 2006 | -- | $546,210 |
| 2005 | -- | $546,210 +143.7% |
| 2004 | -- | $224,107 +1.9% |
| 2003 | -- | $220,000 +139.9% |
| 2002 | -- | $91,698 +4% |
| 2000 | -- | $88,139 |
Find assessor info on the county website
Neighborhood: Downtown
Nearby schools
GreatSchools rating
- 5/10International Elementary SchoolGrades: K-5Distance: 0.3 mi
- 4/10Washington Middle SchoolGrades: 6-8Distance: 1.8 mi
- 3/10Cabrillo High SchoolGrades: 9-12Distance: 1.7 mi
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Estimated market value
$1,028,700
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Estimated market value
$1,028,700
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