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1813 E 7th St, Long Beach, CA 90813
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1813 E 7th St Long Beach, CA 90813

$1,990,000 Sold Price as of 07/15/2022
  • 12 Beds
  • 6 Baths
  • 4,740 Sq.Ft.
Sold
$1,990,000 Sold Price as of 07/15/2022 Refinance Your Mortgage
Map preview of 1813 E 7th St, Long Beach, CA 90813

Property Overview: 1813 E 7th St Long Beach, CA has 12 bedrooms, 6 bathrooms, 4,740 living square feet and 6,372 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Property is a Five (5) unit apartment building. Owners spent approx. $275,000.00 in rehab. The property consists of 1 Large Craftsman style 4 bedroom 2 Bath House with washer and Dryer hook ups, with a detached single car garage with one parking space in front of Garage. The Second Structure is on 7th Street a 4 plex with all units are 2 bedrooms 1 bath with dinning rooms.

Listed by Charles Henderson | BRE #01488303 | BHRG
Last checked: 1 minute ago | Last updated: September 2nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
6,372
HOA Dues
$0/mo
Year built
1922
Garage
1 Car
Property Type:
Multi Family
Status
Sold
MLS#
22136509
City
Long Beach
County
Los Angeles
Time on Site
919 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 2
  • # of Leased Units: 5
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,083
  • Total Rent: $2,083
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 4
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $3,250
  • Total Rent: $3,250
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,083
  • Pro Forma/Market Rent: $2,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.8%
  • Gross Rent Multiplier: 14.45
  • Gross Scheduled Income: $138,396
  • Net Operating Income: $96,900
  • Gross Operating Income: $139,896
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 1813 E 7th St

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Community, See Remarks
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Laminate
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave, Gas Range
Interior Features
  • Ceiling Fan(s)
  • Levels: Two
  • Window Features: Double Pane Windows
  • Security Features: Carbon Monoxide Detector(s), Fire and Smoke Detection System, Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 1
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Garage Door Opener, Detached Carport
Lot Information
  • Lot Features: Front Yard, Landscaped, Lawn
Property Information
  • No View
  • View: None
  • Total # of Units: 5
  • Parcel Number: 7267030002
  • Architectural Style: Craftsman
  • Foundation Details: Raised
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: Property is located next the North East corner of Rose and 7th Street, just west of Cherry Ave.
View more facts & features

Local Long Beach Agent

Sale History for 1813 E 7th St

Last sold for $1,990,000 on July 15th, 2022

  • July, 2022

  • Jul 15, 2022

    Date

    Sold

    CRMLS: 22136509

    $1,990,000

    Price

  • Mar 15, 2022

    Date

    Active

    CRMLS: 22136509

    $1,999,550

    Price

  • February, 2019

  • Feb 21, 2019

    Date

    Sold

    CRMLS: SB18288850

    $1,125,000

    Price

  • Feb 18, 2019

    Date

    Pending

    CRMLS: SB18288850

    $1,499,000

    Price

  • Jan 28, 2019

    Date

    Active Under Contract

    CRMLS: SB18288850

    $1,499,000

    Price

  • Dec 10, 2018

    Date

    Active

    CRMLS: SB18288850

    $1,499,000

    Price

  • Listing provided courtesy of CRMLS

    DO NOT WALK PROPERTY OR TALK TO OCCUPANTS. DRIVE BY ONLY. ALL OFFERS SUBJECT TO INSPECTION. Wonderful opportunity to own a legal 5 unit apartment building in the up & coming North Alamitos Beach area of Long Beach. This property has been well-cared for & has had several recent upgrades. Convenient location for commuters; close to downtown Long Beach, 1 mile to beach, close proximity to shopping & restaurants, 3.5 miles to LB State. 90 Walk Sore! Front building consists of FOUR spacious 2 bedroom/1 bath units, w/ upgraded copper plumbing thru-out & new roof. Newer carpets in all 4 units w/ original hardwood floors underneath. Each unit has a living room & dining room, w/ good sized bedrooms + walk-in closets. Both bedrooms have access to the "Jack & Jill" full bath. Back structure is a 2-story craftsman style home w/ 4 bedrooms & 2 baths (one full bath + one 3/4 bath). Roof is 8 years old (15 year warranty). The kitchen has new quartz countertops & white tile backsplash. Newer linoleum flooring, upgraded downstairs bathroom shower and vanity. Yard space between the 2 structures has new artificial turf & concrete pavers around the perimeter of the building/driveway. New wooden staircase & porches. 2 car parking, but potentially enough space to demo old garage & create a carport that could fit approx 5 cars (buyer to check with city). Property has 5 separate meters! Front building has 4 newer tankless water heaters. The back house has a gas water heater. Set your own rents!

  • February, 2019

  • Feb 20, 2019

    Date

    Sold (Public Records)

    Public Records

    $1,125,000

    Price

  • March, 1999

  • Mar 11, 1999

    Date

    Sold (Public Records)

    Public Records

    $185,000

    Price

Show More

Tax History for 1813 E 7th St

Assessed Value (2020): $1,148,000
Year Land Value Improved Value Assessed Value
2020 $744,600 $403,400 $1,148,000

Home Value Compared to the Market

This property vs the competition

1813 E 7th St sold on July 15, 2022 for 144.15% 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 $421.85 per/sqft which puts the price per square foot 32.83% lower than the current median sale per square foot for the city of Long Beach.

About 1813 E 7th St

Detailed summary of property

1813 E 7th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 12 bedrooms, 6 bathrooms, roughly 4,740 living square feet, and sits on an approximately 6,372 square foot lot. 1813 E 7th St was first listed on ArdentRealEstateGroup.com on March 15, 2022. The homeowner sold the property for $1,990,000. 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 144.15% higher than the current median priced home. Local homes that are currently for sale include 1717 Temple Ave, 1717 Temple Ave and 219 E 10th St. While the average home in Long Beach, CA is selling in 62 days, 1813 E 7th St has a days on market of 20 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 1813 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 1813 E 7th St

Public county record property details
Beds
12
Baths
6
Year built
1922
Sq. Ft.
5,128
Lot Size
6,371
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
7267-030-002

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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