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3414 E 7th St, Long Beach, CA 90804
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3414 E 7th St Long Beach, CA 90804

$1,725,000 Sold Price as of 08/12/2021
  • 18 Beds
  • 81 Baths
  • 6,345 Sq.Ft.
Sold
$1,725,000 Sold Price as of 08/12/2021 Refinance Your Mortgage
Map preview of 3414 E 7th St, Long Beach, CA 90804

Property Overview: 3414 E 7th St Long Beach, CA has 18 bedrooms, 81 bathrooms, 6,345 living square feet and 5,601 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: PROPERTY DESCRIPTION This mixed-use property consists of 7 residential units and 2 retail units totally approximately 6,345 SF of improvements on approximately 5,601 SF of land. The building holds strong occupancy with 100% units currently completely leased. This building is the perfect investment property for an investor looking for upside since the 7 residential units are all on a month-to-month lease. This property is well maintained and well managed. The building was also painted last year in 2019!

Listed by Sheva Hosseinzadeh | BRE #01922147 | Coldwell Banker Commercial
Last checked: 7 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 63

Home details

Lot Sq. Ft
5,601
HOA Dues
$0/mo
Year built
1928
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
PW21062925
City
Long Beach
County
Los Angeles
Time on Site
1144 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 9
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 9
  • # of Beds: 2
  • # of Baths: 9
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $10,889
  • Total Rent: $10,889
  • Pro Forma/Market Rent: $11,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.67%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $117,114
  • Net Operating Income: $83,547
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $33,567
  • Electric: $1,106
  • Gas/Fuel: $0
  • New Taxes: $22,488
  • Trash: $1,724
  • Insurance: $5,535
  • Professional Management: $1,106
  • Water/Sewer: $1,724

Property Details for 3414 E 7th St

Interior Features
Laundry Information
  • No Laundry
  • 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: 9
  • Parcel Number: 7258026004
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: None
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Eastside (ES)
  • Directions: Redondo Ave and 7th Street
  • Road Frontage Type: City Street
  • Road Surface Type: Paved
Neighborhood Information
  • Community Features: Biking, Dog Park, Park, Suburban
View more facts & features

Local Long Beach Agent

Sale History for 3414 E 7th St

Last sold for $1,725,000 on August 12th, 2021

  • August, 2021

  • Aug 16, 2021

    Date

    Sold

    CRMLS: PW21062925

    $1,725,000

    Price

  • Apr 1, 2021

    Date

    Active

    CRMLS: PW21062925

    $1,799,000

    Price

  • August, 2005

  • Aug 29, 2005

    Date

    Sold (Public Records)

    Public Records

    $1,000,000

    Price

  • March, 2000

  • Mar 31, 2000

    Date

    Sold (Public Records)

    Public Records

    $450,000

    Price

Show More

Tax History for 3414 E 7th St

Assessed Value (2020): $1,249,557
Year Land Value Improved Value Assessed Value
2020 $487,327 $762,230 $1,249,557

Home Value Compared to the Market

This property vs the competition

3414 E 7th St sold on August 12, 2021 for 124.88% higher than the current median sold price for the city of Long Beach which is $800,000. The median sold price per/sqft for Long Beach is $632 and this home is sold at $283.53 per/sqft which puts the price per square foot 55.14% lower than the current median sale per square foot for the city of Long Beach.

About 3414 E 7th St

Detailed summary of property

3414 E 7th St is a multi family that recently sold in Long Beach, CA 90804. This multi family property offered 18 bedrooms, 81 bathrooms, roughly 6,345 living square feet, and sits on an approximately 5,601 square foot lot. 3414 E 7th St was first listed on ArdentRealEstateGroup.com on April 2, 2021. The homeowner sold the property for $1,725,000. Home in Long Beach are selling for a median price of $800,000 and a median price per square foot of $632. Based on Ardent Real Estate Group's Long Beach Market Data, this home is sold 124.88% higher than the current median priced home. Local homes that are currently for sale include 468 Gaviota Ave, 436 Gaviota Ave and 1616 E 4th St. While the average home in Long Beach, CA is selling in 51 days, 3414 E 7th St has a days on market of 63 days. There are currently 639 homes for sale in the Long Beach real estate market and 366 of them are single family homes while 259 of them are condos and 14 are townhomes. For more information on this home for sale at 3414 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 3414 E 7th St

Public county record property details
Beds
--
Baths
--
Year built
1928
Sq. Ft.
6,345
Lot Size
5,600
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,3,5
APN
7258-026-004

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
$515,000
Median List Price/Sq.Ft.
$594
Median Sold Price
$550,000
Median Sold Price/Sq.Ft.
$667
Total Inventory
53
Median Sale to List Price %
104.77%
Avg Days on Market
23
Loan Type
Conventional (57.14%), FHA (0%), VA (14.29%), Cash (28.57%), Other (0%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(714) 706-1823

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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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