$989,000
For Sale

4141 E 7th Street

Long Beach, CA 90804
0.06 acres | #OC24212654
Listing OfficePacific Sotheby's Int'l Realty
Browse 20 photos
Type:Multi-Family
Structure:Duplex/Multi-Unit
Zone:Residential

Description

This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights—an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023—an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City's Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.

  • Interior Details
      • InteriorFurnished
  • Property Details
      • Lot DescriptionTwoToFiveUnitsAcre
      • ViewNeighborhood
      • Stories1
    • Measurements
      • Acres0.062
  • Construction Details
      • Property TypeMulti-Family
    • Condition
      • Year Built1958
  • Utilities / Energy Details
      • Sewer InformationPublicSewer
      • Utility SourcePublic
  • Community and Neighborhood Details
      • Subdivision, Belmont Heights
    • Location
      • CountyLos Angeles
  • Financial Details
      • Original List Price$989,000
  • Other
      • MLS #OC24212654

Location

Paul FisherReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

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2.6%
$
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annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

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Loan Amount
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