Search
3031 E 7th St, Long Beach, CA 90804
View Photos

3031 E 7th St Long Beach, CA 90804

$1,977,500 Sold Price as of 01/05/2021
  • 8 Beds
  • 8 Baths
  • 5,182 Sq.Ft.
Sold
$1,977,500 Sold Price as of 01/05/2021 Refinance Your Mortgage
Map preview of 3031 E 7th St, Long Beach, CA 90804

Property Overview: 3031 E 7th St Long Beach, CA has 8 bedrooms, 8 bathrooms, 5,182 living square feet and 5,851 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Listed by Peter Gillin | BRE #01433769 | Morgan Skenderian
Last checked: 5 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 31

Home details

Lot Sq. Ft
5,851
HOA Dues
$0/mo
Year built
1923
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW20197234
City
Long Beach
County
Los Angeles
Time on Site
1459 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 2
  • # of Electric Meters: 8
  • # of Gas Meters: 8
  • # of Water Meters: 8
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,450
  • Total Rent: $11,450
  • Pro Forma/Market Rent: $1,700
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 14.64
  • Gross Scheduled Income: $138,300
  • Net Operating Income: $85,535
  • Gross Operating Income: --
  • Vacancy Allowance: $4,149
  • Gross Spendable Income: $39,467
  • Laundry Income: $900
Annual Expense Breakdown
  • Total Operating Expense: $48,616
  • Electric: $0
  • Gas/Fuel: $0
  • Licenses: $719
  • New Taxes: $24,501
  • Trash: $3,833
  • Gardener: $840
  • Insurance: $3,674
  • Maintenance: $11,064
  • Professional Management: $1,300
  • Water/Sewer: $0
  • Other Expenses: $1,335
  • Other Expense Description: Assess.

Property Details for 3031 E 7th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Community
Fireplace Information
  • No Fireplace
  • None
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Parcel Number: 7258019006
  • Year Built Source: Assessor
  • Property is Attached
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, Water Connected
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: North of E. 7th St. and West of Obispo Ave.
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Long Beach Agent

Sale History for 3031 E 7th St

Last sold for $1,977,500 on January 5th, 2021

  • January, 2021

  • Jan 6, 2021

    Date

    Sold

    CRMLS: PW20197234

    $1,977,500

    Price

  • Oct 29, 2020

    Date

    Active Under Contract

    CRMLS: PW20197234

    $2,025,000

    Price

  • Sep 21, 2020

    Date

    Active

    CRMLS: PW20197234

    $2,025,000

    Price

  • January, 2021

  • Jan 5, 2021

    Date

    Sold (Public Records)

    Public Records

    $1,977,500

    Price

  • December, 1998

  • Dec 31, 1998

    Date

    Sold (Public Records)

    Public Records

    $353,500

    Price

Show More

Tax History for 3031 E 7th St

Assessed Value (2020): $116,493
Year Land Value Improved Value Assessed Value
2020 $40,098 $76,395 $116,493

Home Value Compared to the Market

This property vs the competition

3031 E 7th St sold on January 5, 2021 for 147.25% 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 $390.78 per/sqft which puts the price per square foot 37.77% lower than the current median sale per square foot for the city of Long Beach.

About 3031 E 7th St

Detailed summary of property

3031 E 7th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 8 bedrooms, 8 bathrooms, roughly 5,182 living square feet, and sits on an approximately 5,851 square foot lot. 3031 E 7th St was first listed on ArdentRealEstateGroup.com on September 21, 2020. The homeowner sold the property for $1,977,500. 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 147.25% higher than the current median priced home. Local homes that are currently for sale include 10 Redondo Ave, 4321 E 5th St and 1616 E 4th St. While the average home in Long Beach, CA is selling in 62 days, 3031 E 7th St has a days on market of 31 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 3031 E 7th St Long Beach, CA 90804 contact Ardent Real Estate Group and we will put you in touch with one of our Long Beach agents.

Public Facts for 3031 E 7th St

Public county record property details
Beds
8
Baths
8
Year built
1923
Sq. Ft.
5,182
Lot Size
5,851
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
5
APN
7258-019-006

The source for these homes facts are from public records.

90804 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$500,000
Median List Price/Sq.Ft.
$622
Median Sold Price
$450,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
46
Median Sale to List Price %
97.83%
Avg Days on Market
30
Loan Type
Conventional (62.5%), FHA (12.5%), VA (12.5%), Cash (12.5%), Other (0%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 3031 E 7th St

Nearby Homes for Sale

3041 E 5th St, Long Beach, CA 90814
$1,650,000
5 Beds
4 Baths
2844 Sq.Ft.
3041 E 5th St
Long Beach, CA 90814
3009 E 3rd St, Long Beach, CA 90814
$1,695,000
7 Beds
7 Baths
4148 Sq.Ft.
3009 E 3rd St
Long Beach, CA 90814
1381 Temple Ave, Long Beach, CA 90804
$2,000,000
15 Beds
10 Baths
6300 Sq.Ft.
1381 Temple Ave
Long Beach, CA 90804
Open Sat 1pm-4pm
628 Mira Mar Ave, Long Beach, CA 90814
$1,999,000
6 Beds
3 Baths
2804 Sq.Ft.
628 Mira Mar Ave
Long Beach, CA 90814
441 Dawson Ave, Long Beach, CA 90814
$2,300,000
8 Beds
8 Baths
5237 Sq.Ft.
441 Dawson Ave
Long Beach, CA 90814
1102 Termino Ave, Long Beach, CA 90804
$2,100,000
8 Beds
7 Baths
5751 Sq.Ft.
1102 Termino Ave
Long Beach, CA 90804
1717 Temple Ave, Long Beach, CA 90804
$1,975,000
9 Beds
8 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
1717 Temple Ave, Long Beach, CA 90804
$1,975,000
9 Beds
9 Baths
4746 Sq.Ft.
1717 Temple Ave
Long Beach, CA 90804
Open Sat 10am-2pm
275 Belmont Avenue, Long Beach, CA 90803
$1,800,000
4 Beds
3 Baths
3143 Sq.Ft.
275 Belmont Avenue
Long Beach, CA 90803
1512 N Stanton Pl, Long Beach, CA 90804
$2,200,000
16 Beds
8 Baths
6960 Sq.Ft.
1512 N Stanton Pl
Long Beach, CA 90804
1817 E 3rd St, Long Beach, CA 90802
$1,600,000
4 Beds
4 Baths
3544 Sq.Ft.
1817 E 3rd St
Long Beach, CA 90802
1761 Redondo Ave, Long Beach, CA 90804
$1,590,000
32 Beds
16 Baths
3360 Sq.Ft.
1761 Redondo Ave
Long Beach, CA 90804

Recently Sold Homes Near 3031 E 7th St

3032 E 7th St, Long Beach, CA 90804
$2,250,000 Last Sold Price
14 Beds
8 Baths
6040 Sq.Ft.
3032 E 7th St
Long Beach, CA 90804
2918 E 7th St, Long Beach, CA 90804
$1,189,000 Last Sold Price
4 Beds
3 Baths
2888 Sq.Ft.
2918 E 7th St
Long Beach, CA 90804
622 Orizaba Ave, Long Beach, CA 90814
$905,000 Last Sold Price
2 Beds
2 Baths
1364 Sq.Ft.
622 Orizaba Ave
Long Beach, CA 90814
771 Freeman Ave, Long Beach, CA 90804
$1,205,000 Last Sold Price
6 Beds
5 Baths
2977 Sq.Ft.
771 Freeman Ave
Long Beach, CA 90804

Related Resources to 3031 E 7th St

New Listings in 90804
Popular Zip Codes
Popular Cities
Other Long Beach Resources

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.

Refi Quote