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1501 E 7th St, Long Beach, CA 90813
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1501 E 7th St Long Beach, CA 90813

$905,000 Sold Price as of 04/01/2021
  • 8 Beds
  • 3 Baths
  • 2,352 Sq.Ft.
Sold
$905,000 Sold Price as of 04/01/2021 Refinance Your Mortgage
Map preview of 1501 E 7th St, Long Beach, CA 90813

Property Overview: 1501 E 7th St Long Beach, CA has 8 bedrooms, 3 bathrooms, 2,352 living square feet and 6,571 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is a great opportunity for new buyer to own three units in Long Beach, living in one and rent two to help with mortgage payment or rent them all for future investment. The property has two separated building. The front building has two units, each with three bedroom and one bath and single unit on the back is two bedroom and one bath. Total bedroom is 8. It has 6 assigned parking in the rear and 3 storages. The property has been upgraded recently, new counter and cabinet, new window, new paint inside out and new roof on front units and new plumbing that hooks up to the city line. Property is "sold as is" condition.

Listed by Jim Chhun | BRE #01359353 | First American Team Realty Inc
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 25

Home details

Lot Sq. Ft
6,571
HOA Dues
$0/mo
Year built
1922
Garage
--
Property Type:
Triplex
Status
Sold
MLS#
PW21005645
City
Long Beach
County
Los Angeles
Time on Site
1338 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 2
  • # of Leased Units: 3
  • # of Electric Meters: 3
  • # of Gas Meters: 3
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,300
  • Total Rent: $3,300
  • Pro Forma/Market Rent: $4,200
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,230
  • Total Rent: $1,230
  • Pro Forma/Market Rent: $1,850
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $54,360
  • Net Operating Income: $0
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $0
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $0
  • Trash: $0
  • Insurance: $0
  • Water/Sewer: $0

Property Details for 1501 E 7th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s), Gas
Heating Information
  • Has Heating
  • Wall Furnace, Natural Gas
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Inside, Washer Hookup
Fireplace Information
  • Has Fireplace
  • Dining Room, Kitchen, Living Room
Room Information
  • Flooring: Tile
  • All Bedrooms Down
Kitchen Information
  • Has Appliances
  • Gas Oven, Water Heater
Interior Features
  • Unfurnished
  • Levels: One
  • Window Features: Screens
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Other
  • Has Fence
  • Fair Condition
  • Other Structures: Two On A Lot
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Front Yard
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • No View
  • View: None
  • Common Walls: 1 Common Wall
  • Total # of Units: 3
  • Parcel Number: 7266001030
  • Year Built Source: Assessor
  • Architectural Style: See Remarks
  • Foundation Details: Raised, See Remarks, Slab
  • Property is Attached
  • Accessibility Features: Other
  • Property Condition: Updated/Remodeled
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
  • Utilities: Cable Available, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected
Assessment Information
  • Has Assessments
  • Assessments: Unknown
Location / Neighborhood
Location Information
  • Subdivision Name: Poly High (PH)
  • Directions: 405 Freeway turn and exit to Atlantic Ave toward downtown and turn left on 7th Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Sidewalks, Street Lights
View more facts & features

Local Long Beach Agent

Sale History for 1501 E 7th St

Last sold for $905,000 on April 1st, 2021

  • April, 2021

  • Apr 2, 2021

    Date

    Sold

    CRMLS: PW21005645

    $905,000

    Price

  • Feb 5, 2021

    Date

    Pending

    CRMLS: PW21005645

    $895,000

    Price

  • Jan 10, 2021

    Date

    Active

    CRMLS: PW21005645

    $895,000

    Price

  • April, 2011

  • Apr 19, 2011

    Date

    Sold (Public Records)

    Public Records

    $365,000

    Price

  • April, 2011

  • Apr 19, 2011

    Date

    Sold (Public Records)

    Public Records

    $310,000

    Price

Show More

Tax History for 1501 E 7th St

Assessed Value (2020): $427,580
Year Land Value Improved Value Assessed Value
2020 $298,722 $128,858 $427,580

Home Value Compared to the Market

This property vs the competition

1501 E 7th St sold on April 1, 2021 for 9.28% higher than the current median sold price for the city of Long Beach which is $819,000. The median sold price per/sqft for Long Beach is $628 and this home is sold at $380.53 per/sqft which puts the price per square foot 39.41% lower than the current median sale per square foot for the city of Long Beach.

About 1501 E 7th St

Detailed summary of property

1501 E 7th St is a triplex that recently sold in Long Beach, CA 90813. This triplex offered 8 bedrooms, 3 bathrooms, roughly 2,352 living square feet, and sits on an approximately 6,571 square foot lot. 1501 E 7th St was first listed on ArdentRealEstateGroup.com on January 20, 2021. The homeowner sold the property for $905,000. Home in Long Beach are selling for a median price of $819,000 and a median price per square foot of $628. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 9.28% higher than the current median priced home. Local homes that are currently for sale include 765 Loma Ave, 401 E 21st St and 2000 Pacific Ave. While the average home in Long Beach, CA is selling in 62 days, 1501 E 7th St has a days on market of 25 days. There are currently 778 homes for sale in the Long Beach real estate market and 416 of them are single family homes while 337 of them are condos and 23 are townhomes. For more information on this home for sale at 1501 E 7th St Long Beach, CA 90813 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 1501 E 7th St

Public county record property details
Beds
8
Baths
3
Year built
1922
Sq. Ft.
2,352
Lot Size
6,570
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
12
APN
7266-001-030

The source for these homes facts are from public records.

90813 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$560,000
Median List Price/Sq.Ft.
$553
Median Sold Price
$495,000
Median Sold Price/Sq.Ft.
$587
Total Inventory
35
Median Sale to List Price %
99.02%
Avg Days on Market
24
Loan Type
Conventional (100%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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