4141 East 7th Street

Long Beach, CA 90804

$989,000
Price
4
Beds
2
Baths
1,121 Sq. Ft.
$882 / Sq. Ft.
1,121
Sq. Ft.
$882
per Sq. Ft.

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.
  1. Listed by Mary Ryan • DRE #01476437 • Brokerage DRE #01767484 • Pacific Sotheby's Int'l Realty • 310-713-4860
  2. 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 Total
5
Private Pool
No
Cooling Type
Central
Total Units
2.0
Building Type
Detached
Lot Size Source
Assessor
Living Area
1121
LISTING UPDATED: 10/15/2024 04:06 AM

Property Details for 4141 East 7th Street

StatusActive
MLS #OC24212654
Days on Market4
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMixed Use
MLS TypeResidential Income
Year Built1958
Lot Size0.06 AC / 2,701 SF
CountyLos 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

Income / Expense / Tax Details
Income Details
  • Gross Income: $120,000
  • Gross Scheduled Income: $108,000
  • Gross Operating Income: $120,000
  • Net Operating Income: $67,423
  • Garage Income: $855
Expense Details
  • Operating Expense: $27,289
  • Licenses Expense: $278
  • Insurance Expense: $1,962
  • Maintenance Expense: $3,000
  • Professional Management Expense: $7,870
  • Other Expense: $2,473
  • Other Expense Description: Utilitie
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $27,289
Tax / Assessment Info
  • Tax Tract Number: 0000
  • Tax Census Tract: 5770.00
  • Tax Lot: 6
Community / Development
Community / Development
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks, Street Lights
Property / Structure Info
Interior Features
  • Interior Features: Furnished
  • Laundry: Yes
  • Laundry Features: In Closet, Inside
  • Cooling: Central Air
  • Heating Type: Central
  • Heating: Central
  • Flooring: Vinyl
Exterior Features
  • Roof: Composition
  • Entry Location: 1st floor
  • Property Condition: Updated/Remodeled
  • Pool Features: None
  • Pool Description: None
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Road Frontage Type: City Street
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway
  • Parking Garage Spaces: 0
  • Carport Spaces: 5
  • Parking Features: Driveway, Asphalt
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Partially
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $3,000
  • Unit Type Total Rent: $36,000
  • Unit Type Pro Forma: 4000
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Furnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $8,000
  • Unit Type Total Rent: $72,000
  • Unit Type Pro Forma: 100000
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 2
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 2
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Disposal: 2
  • Number With Patio: 2
  • Number Wall AC: 2

Property History for 4141 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 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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4141 East 7th Street is a mixed use property for sale in Long Beach, CA 90804. This property was listed for sale on October 9, 2024 by Pacific Sotheby's Int'l Realty, it's currently listed at $989,000. It has been on the market for a total of 4 days and was last sold on January 21, 2022. This listing's school district is Long Beach Unified School District. Nearby schools include Fremont Elementary School, Jefferson Leadership Academies School and Wilson High School. 4141 East 7th Street is a 4-bed, 2-bath, 1,121 sqft mixed use property built in 1958.

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 Pacific Sotheby's Int'l Realty, Mary Ryan, DRE #01476437; Pacific Sotheby's Int'l Realty, Sean Stanfield, DRE #01024996

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.