4141 East 7th Street
$970,000
4
2
1,121
1,121
$865
Closed 12/17/24
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...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.
- Listed by Mary Ryan • DRE #01476437 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • 310-713-4860
- Listed by Sean Stanfield • DRE #01024996 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty
Property Details for 4141 East 7th Street
View
Neighborhood
Parking Spaces Total5
Private PoolNo
Cooling TypeCentral
Total Units2.0
Building TypeDetached
Lot Size SourceAssessor
Living Area1121
LISTING UPDATED: 12/18/2024 11:13 PM
Property Details for 4141 East 7th Street
Status | Closed |
---|---|
MLS # | OC24212654 |
Days on Market | 25 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Mixed Use |
MLS Type | Residential Income |
Year Built | 1958 |
Lot Size | 0.06 AC / 2,701 SF |
County | Los Angeles County |
Building Information for 4141 East 7th Street
Stories1Residences-Year Built1958Building Size-Lot Size0.06 AC / 2,701 SF
Property Information for 4141 East 7th Street
Property History for 4141 East 7th Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4141 East 7th Street
Taxable ValueLand$421,362Additions$249,696Total$671,058
Tax Record2024$8,695 ($725 / month)
Home Facts
Total Finished SqFt1,121 SqFtAbove Grade Finished SqFt1,121 SqFtStories1Lot Size2,659 SqFtStyleOffice BuildingYear Built1958ZoningLBCCACountyLOS ANGELESAPN7254-021-035
Schools near 4141 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 | |||
Public - | 7 to 12 |
Rating | School | Distance |
---|---|---|
Fremont Elementary School PublicK to 5 | ||
Jefferson Leadership Academies School Public6 to 8 | ||
Wilson High School Public9 to 12 | ||
Select Community Day (Secondary) School Public7 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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