2703 East 7th Street

Long Beach, CA 90804

$1,295,000
Price
2
Beds
2
Baths
1,543 Sq. Ft.
$839 / Sq. Ft.
1,543
Sq. Ft.
$839
per Sq. Ft.

Description

INVESTMENT OPPORTUNITY! The property is ZONED *LBCNR, 2703-2705 E.7th St. - This Duplex is located in the sought after 7th Street commercial/residential district, of the Rose Park/Circle area of Long Beach. A Prime Corner Lot Location that allows for a variety of potential commercial and residential uses. LOTS OF POTENTIAL AND OPTIONS FOR USE! The City of Long Beach zoning guide can be referenced for uses. Also, an ideal choice for a Developer, Investor or potential business. Sale of the property...INVESTMENT OPPORTUNITY! The property is ZONED *LBCNR, 2703-2705 E.7th St. - This Duplex is located in the sought after 7th Street commercial/residential district, of the Rose Park/Circle area of Long Beach. A Prime Corner Lot Location that allows for a variety of potential commercial and residential uses. LOTS OF POTENTIAL AND OPTIONS FOR USE! The City of Long Beach zoning guide can be referenced for uses. Also, an ideal choice for a Developer, Investor or potential business. Sale of the property includes Approved Plans to add an ADU to make it 3 units. Great Opportunity To Keep The Current Configuration Or Complete The ADU Project And Have A Total Of 3 Units.
Also a great property to make one unit your own home, while creating income with the other.
This property features two units. Each unit offers a cozy layout with 2 bedrooms and 1 bath, a main living room, bath, full kitchen, formal dining room, completely fenced front and back yard, and a large sitting porch. Approximately 772 Sq. Ft. per unit with one detached single car garage on the property.
This commercially zoned duplex/property is currently and successfully utilized as an independent living home that generates excellent income.
In addition, each unit has separate electric and gas meters, enhancing the possibilities. Upgraded plumbing with new wall furnaces. New kitchen in 2703 unit. Buyers are encouraged to conduct their own investigations and due diligence.

Listing Agent

  1. Julie Meraz

    Julie Meraz

    Listing Agent

    Compass

    DRE #01457585

    julie.meraz@compass.com

    P: (562)-277-7866

Property Details for 2703 East 7th Street

View
None
Parking Spaces Total
1
Private Pool
No
Cooling Type
N/K
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
1543
LISTING UPDATED: 10/30/2024 07:03 AM

Property Details for 2703 East 7th Street

StatusActive
MLS #PW24214337
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1919
Lot Size0.08 AC / 3,638 SF
CountyLos Angeles County

Building Information for 2703 East 7th Street

Stories1Residences-Year Built1919Building Size-Lot Size0.08 AC / 3,638 SF

Property Information for 2703 East 7th Street

Rental Info
Rental Info
  • Tenant Pays: None
Income / Expense / Tax Details
Income Details
  • Gross Income: $9,700
  • Gross Scheduled Income: $117,000
  • Net Operating Income: $107,640
Expense Details
  • Operating Expense: $9,360
  • Fuel Expense: $920
  • Electric Expense: $840
  • Insurance Expense: $4,000
  • Trash Expense: $1,300
  • Water Sewer Expense: $2,300
  • Total Expenses: $9,360
Tax / Assessment Info
  • Tax Tract Number: 576...
  • Tax Census Tract: 5769.04
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 38
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Range, Gas Cooktop, Tankless Water Heater
  • Equipment: Dryer, Dryer Included, Outside, Washer, Washer Included
  • Room Type: Kitchen, Living Room
  • Water Heater Features: Tankless
  • Water Heater Type: Tankless
  • Laundry: Yes
  • Laundry Features: Dryer Included, Outside, Washer Included
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Natural Gas
  • Heat Source: Natural Gas
  • Heating: Natural Gas
  • Flooring: Vinyl
Exterior Features
  • Roof: Composition
  • Entry Location: Front
  • Fence: Yes
  • Fence: Wood
  • Fencing: Wood
  • Foundation Details: Raised
  • View Description: None
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: Corner Lot, Yard
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: One
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected
  • Electric: Standard
  • Water Source: Public
Parking Info
  • Garage Spaces: 1
  • Parking: Yes
  • Parking Garage: Garage, Garage - 1 Car
  • Parking Garage Spaces: 1
  • Carport Spaces: 0
  • Parking Features: Garage, Garage Faces Side, Garage - Single Door
Property / Structure Info
  • Builders Tract Name: Circle
  • Builders Tract Code: Circle (CA)
Unit Information
Unit 1
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Negotiable
  • Unit Type Garage Spaces: 1
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $600
  • Unit Type Total Rent: $9,600
  • Unit Type Pro Forma: 4800
  • Unit Type Type: 1
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 1
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2

Property History for 2703 East 7th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2703 East 7th Street

Taxable ValueLand$501,981Additions$111,770Total$613,751
Tax Record2024$8,195 ($683 / month)
Home Facts
Total Finished SqFt1,543 SqFtAbove Grade Finished SqFt1,543 SqFtLot Size3,638 SqFtStyleDuplexYear Built1919ZoningLBCNRCountyLOS ANGELESAPN7262-017-023

Schools near 2703 East 7th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Willard Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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2703 East 7th Street is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on October 4, 2024 by Compass, it's currently listed at $1,295,000. It has been on the market for a total of 38 days and was last sold on February 6, 2018. This listing's school district is Long Beach Unified School District. Nearby schools include Willard Elementary School, Jefferson Leadership Academies School and Wilson High School. 2703 East 7th Street is a 2-bed, 2-bath, 1,543 sqft multi-family home built in 1919.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, Julie Meraz, DRE #01457585

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.