721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 8.87 GRM and 6.88% cap rate on current rents.
The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building.
With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.
Sold for $2,450,000
Zillow last checked:
Listing updated:
Bought with:
Aziz Zakkout, DRE #01911009
Zakkout Real Estate Services
Source: CRMLS,MLS#: PW25229051
Originating MLS: California Regional MLS
Originating MLS: California Regional MLSPrice history
| Date | Event | Price |
|---|---|---|
| 5/18/2026 | Sold | $2,450,000-12.3%$234/sqft |
Source:  CRMLS #PW25229051 Report a problem | ||
| 9/30/2025 | Listed for sale | $2,795,000-15.4%$267/sqft |
Source: CRMLS #PW25229051 Report a problem | ||
| 6/21/2022 | Sold | $3,305,000+0.8%$316/sqft |
Source: Public Record Report a problem | ||
| 3/18/2022 | Pending sale | $3,280,000$313/sqft |
Source: CRMLS #CV22052753 Report a problem | ||
| 3/16/2022 | Listed for sale | $3,280,000+113.1%$313/sqft |
Source: CRMLS #CV22052753 Report a problem | ||
| 9/30/2005 | Sold | $1,539,000+28.2%$147/sqft |
Source: Public Record Report a problem | ||
| 7/1/2004 | Sold | $1,200,000+22.4%$115/sqft |
Source: Public Record Report a problem | ||
| 1/7/2004 | Sold | $980,000$94/sqft |
Source: Public Record Report a problem | ||
