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1089 E 7th Street, Long Beach, CA 90813

Long Beach
Local realty services provided by:CENTURY 21 Wildwood Properties, Inc.
1089 E 7th Street,Long Beach, CA 90813
$1,299,900
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  • 6 Beds
  • - Baths
  • 3,020 sq. ft.
  • Multi-family
  • Active
Listed by: kory jackson
Office: exp realty of california inc
MLS#:CL26870317
Source:Bay East, CCAR, bridgeMLS

Price summary

  • Price:$1,299,900
  • Price per sq. ft.:$430.43

About this home

STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with...

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Home facts

  • Year built:1922
  • Listing ID #:CL26870317
  • Added:35 day(s) ago
  • Updated:October 06, 2026 at 02:37 PM

Rooms and interior

  • Bedrooms:6
  • Living area:3,020 sq. ft.

Heating and cooling

  • Heating:Natural Gas

Structure and exterior

  • Year built:1922
  • Building area:3,020 sq. ft.
  • Lot area:0.06 Acres
  • Construction Materials:Stucco

Finances and disclosures

  • Price:$1,299,900
  • Price per sq. ft.:$430.43

Features and amenities

  • Amenities:Smoke Detector(s)

Parking

  • Parking description:Street Parking
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at October 6, 2026 CA_BRIDGEMLS Member Broker: Alison Daniels

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