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2009 E 7th Street, Long Beach, CA 90804

Local realty services provided by:CENTURY 21 LOTUS
2009 E 7th Street,Long Beach, CA 90804
$4,250,000
  • - Beds
  • - Baths
  • 17,730 sq. ft.
  • Multi-family
  • Active
Listed by: mike marcu
Office: mike marcu, broker
MLS#:OC25101601
Source:CRMLS

Price summary

  • Price:$4,250,000
  • Price per sq. ft.:$239.71

About this home

This 26-unit mixed-use investment is located at the high-visibility corner of 7th Street and Cherry Avenue in the Historic Rose Park District of Long Beach—a walkable, rapidly evolving area surrounded by strong retail demand and stable residential tenancy. The two-building property totals approximately 17,730 square feet and features 7 ground-floor retail suites and 19 apartment units, consisting of 1 studio, thirteen 1-bed/1-bath units, four 2-bed/1-bath units, and one 3-bed/1-bath unit. The diverse mix of units and commercial spaces creates multiple income streams and flexible leasing opportunities. With rents significantly below market, the asset offers an estimated 20–25% rental upside achievable through light renovations, management efficiencies, and targeted leasing. The retail spaces have historically maintained 85–90% occupancy, while residential rents present further upside potential. At the asking price, the property delivers a capitalization rate approaching

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Home facts

  • Year built:1959
  • Listing ID #:OC25101601
  • Added:262 day(s) ago
  • Updated:January 25, 2026 at 11:50 AM

Rooms and interior

  • Living area:17,730 sq. ft.

Structure and exterior

  • Year built:1959
  • Building area:17,730 sq. ft.
  • Lot area:0.28 Acres

Utilities

  • Water:Public
  • Sewer:Public Sewer, Sewer Tap Paid

Finances and disclosures

  • Price:$4,250,000
  • Price per sq. ft.:$239.71
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