Sold for $640,000

Listed by: Redfin Corporation • Costanza Genoese Zerbi • Contact: 562-221-4527

Bought with: Keystone Realty Group

$640,000

516 E 7th St, Long Beach, CA 90813

3beds

2baths

1,221sqft

Duplex

Built in 1917

-- sqft lot

$686,300 Zestimate^®

$524/sqft

$2,496 Estimated rent

Home value

$686,300

$638,000 - $734,000

$2,496/mo

Zestimate^® history

Owner options

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$2,496/mo

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$2,496/mo

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$4,225/mo

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$4,225/mo

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What's special

Fresh paint throughoutNew roof installedNew electrical throughoutTrendy restaurantsNew gasNew foundationClose to coffee shops

HUGE PRICE ADJUSTMENT: Both units are now rented! Wonderful move-in ready, income property, two units: 2/1 and 1/1. Both units just updated. Updates include: New electrical throughout the house, including the basement and everything up to 2023 code , the plumbing was separated for the two units and inspected and updated as needed, and a new gas, water and sewer line were added with city approval, 2 new tankless water heaters installed, new fire-rated walls between units through the attic and all the way up to the roof, new roof installed 10 years ago, front bathroom remodeled in 2023 and the back bathroom remodeled in 2013, new foundation in 2016 and fresh paint throughout. Located in the East Village neighborhood of Long Beach, close to coffee shops, trendy restaurants, public transportation, the 4th corridor, and the beach. Please note, street parking only (no garage)

Facts & features

Interior

Bedrooms & bathrooms

Bedrooms: 3
Bathrooms: 2

Appliances

Laundry: Inside

Features

Common walls with other units/homes: 2+ Common Walls

Interior area

Total structure area: 1,221
Total interior livable area: 1,221 sqft

Property

Features

Entry location: front door and side door for second unit
Pool features: None

Lot

Size: 2,127 Square Feet
Features: Level

Details

Parcel number: 7274018005
Zoning: LBPD30
Special conditions: Standard

Construction

Type & style

Home type: MultiFamily
Property subtype: Duplex
Attached to another structure: Yes

Condition

New construction: No
Year built: 1917

Utilities & green energy

Sewer: Public Sewer
Water: Public

Community & HOA

Community

Features: Sidewalks
Subdivision: Downtown (Dt)

Location

Region: Long Beach

Financial & listing details

Price per square foot: $524/sqft
Tax assessed value: $665,855
Date on market: 11/16/2023
Cumulative days on market: 133 days
Listing terms: Cash,Cash to New Loan,Conventional
Exclusions: Solar Panels
Tenant pays: All Utilities, Cable TV, Electricity, Exterior Maintenance, Gas, Grounds Care, Pest Control, Sewer, Trash Collection, Telephone

Price history

Date	Event	Price
4/24/2024	Sold	$640,000-5.2%$524/sqft
Source: CRMLS #PW23210806 Report a problem
3/29/2024	Contingent	$674,980$553/sqft
Source: CRMLS #PW23210806 Report a problem
3/16/2024	Price change	$674,980-10%$553/sqft
Source: CRMLS #PW23210806 Report a problem
2/9/2024	Price change	$749,980-6.3%$614/sqft
Source: CRMLS #PW23210806 Report a problem
11/16/2023	Listed for sale	$799,980+323.3%$655/sqft
Source: CRMLS #PW23210806 Report a problem
3/29/2021	Listing removed	--
Source: Zillow Rental Manager Report a problem
3/2/2021	Listed for rent	$1,395-26.4%$1/sqft
Source: Zillow Rental Manager Report a problem
1/7/2021	Listing removed	--
Source: Owner Report a problem
5/2/2019	Listing removed	$1,895$2/sqft
Source: Owner Report a problem
3/16/2019	Listed for rent	$1,895$2/sqft
Source: Owner Report a problem
5/25/2012	Sold	$189,000$155/sqft
Source: Public Record Report a problem
3/13/2012	Price change	$189,000+14.6%$155/sqft
Source: ERA West Coast Real Estate #P809663 Report a problem
1/26/2012	Price change	$164,900-5.7%$135/sqft
Source: ERA West Coast Real Estate #P809663 Report a problem
1/24/2012	Price change	$174,900-27.1%$143/sqft
Source: ERA West Coast Real Estate #P809663 Report a problem
12/24/2011	Price change	$240,000+71.4%$197/sqft
Source: Uptown Brokers Inc. #P790186 Report a problem
7/25/2011	Listed for sale	$140,000-6.6%$115/sqft
Source: Uptown Brokers Inc. #P790186 Report a problem
6/18/2011	Listing removed	$149,900$123/sqft
Source: Listhub #P782895 Report a problem
5/26/2011	Listed for sale	$149,900+11.9%$123/sqft
Source: Listhub #P782895 Report a problem
6/30/2000	Sold	$134,000$110/sqft
Source: Public Record Report a problem

Public tax history

Year	Property taxes	Tax assessment
2026	--	$665,855 +2%
2025	$8,709 +172.2%	$652,800 +180.5%
2024	$3,199 +1.9%	$232,728 +2%
2023	$3,141 +6.3%	$228,166 +2%
2022	$2,954 +3.6%	$223,693 +2%
2021	$2,851 +0.3%	$219,308 +1%
2020	$2,842	$217,061 +2%
2019	$2,842 +5.3%	$212,806 +2%
2018	$2,700	$208,634 +2%
2017	$2,700 +1.1%	$204,544 +2%
2016	$2,670 +7.7%	$200,534 +1.5%
2015	$2,479 +4.7%	$197,523 +2%
2014	$2,369	$193,655 +18.1%
2012	--	$163,959 +2%
2011	--	$160,745 +0.8%
2010	--	$159,544 -0.2%
2009	--	$159,924 +2%
2008	--	$156,789 +2%
2007	--	$153,716 +2%
2006	--	$150,703
2005	--	$150,703 +4%
2004	--	$144,853 +1.9%
2003	--	$142,200 +2%
2002	--	$139,412 +440.8%
2000	--	$25,781