4141 E 7Th St, Long Beach, CA 90804
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4141 E 7Th St Long Beach, CA 90804

$995,000
  • 4 Beds
  • 2 Baths
  • 1,121 Sq.Ft.
For Sale
$995,000 Get Pre-Qualified

Map preview of 4141 E 7Th St, Long Beach, CA 90804

Property Overview: 4141 E 7Th St Long Beach, CA has 4 bedrooms, 2 bathrooms, 1,121 living square feet and 2,659 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, which is below market value, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications. The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants. The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually. Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations. Property is also listed under Residential Income MLS #SB24093615

Listed by Leonard LaRocca | BRE #01401046 | Compass
Co-listed by Teodora Panayotova | BRE #01715774 | Compass
Last checked: 9 minutes ago | Last updated: September 4th, 2024 | Source CRMLS | DOM: 122

Home details

Lot Sq. Ft
2,659
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Mixed Use
Status
Active
MLS#
SB24092079
City
Long Beach
County
Los Angeles
Time on Site
121 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $3,000
  • Total Rent: --
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Actual Rent: $6,833
  • Total Rent: --
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $120,000
  • Net Operating Income: --
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $27,289
  • Insurance: $1,961
  • Maintenance: $3,000
  • Professional Management: $7,870

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Property Details for 4141 E 7Th St

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Forced Air
Laundry Information
  • In Closet, In Kitchen, Inside
Interior Features
  • Security Features: Carbon Monoxide Detector(s), Security Lights, Security System, Smoke Detector(s)
Exterior Features
Exterior Information
  • Has Fence
  • Wood
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 4
Lot Information
  • Lot Features: Corner Lot, Cul-De-Sac, Landscaped, Rectangular Lot, Near Public Transit, Park Nearby, Sprinkler System, Sprinklers Timer
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Total # of Units: 2
  • Parcel Number: 7254021035
  • Year Built Source: Assessor
  • Entry Level: 1
  • Offered With Property: Back unit is fully furnished for AirBNB and contents will remain with the property.
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Sewer Connected
Location / Neighborhood
Location Information
  • Directions: Ximeno to East 7th St.
View more facts & features

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Sale History for 4141 E 7Th St

Last sold for $645,000 on January 21st, 2022
  • May, 2024

  • May 8, 2024

    Date

    Active

    CRMLS: SB24092079

    $1,100,000

    Price

  • September, 2021

  • Sep 16, 2021

    Date

    Active

    CRMLS: 21784416

    $650,000

    Price

  • Listing provided courtesy of CRMLS

    Great mixed-use property in the highly desirable Belmont Heights! Commercial and residential in one lot, perfect for owner user! Front unit (4141) is an office/retail space approximately 550 sq. ft. with a main room, full bath, kitchenette plus 2 additional rooms. Back unit (4147) is a 2-bed, 1-bath single-family home, approximately 571 sq. ft. Both units are currently vacant and will be delivered vacant at close of escrow. 4 parking spaces in between the 2 units. Each unit is separately metered for electric and gas services. Just a few blocks to Blair Field, Recreation Park, Alamitos Heights Park, and a short distance to markets, stores, shops, restaurants, and the sandy beach. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.

  • April, 2021

  • Apr 5, 2021

    Date

    Active

    CRMLS: 21709406

    $595,000

    Price

  • Listing provided courtesy of CRMLS

    Great mixed-use property in the highly desirable Belmont Heights! Commercial and residential in one lot, perfect for owner user! Front unit (4141) is an office/retail space approximately 550 sq. ft. with a main room, full bath, kitchenette plus 2 additional rooms. Back unit (4147) is a 2-bed, 1-bath single-family home, approximately 571 sq. ft. Both units are currently vacant and will be delivered vacant at close of escrow. 4 parking spaces in between the 2 units. Each unit is separately metered for electric and gas services. Just a few blocks to Blair Field, Recreation Park, Alamitos Heights Park and a short distance to markets, stores, shops, restaurants, and the sandy beach. Sold AS IS and WHERE IS. Buyer to conduct their own investigations.

  • September, 2012

  • Sep 4, 2012

    Date

    Sold (Public Records)

    Public Records

    $400,000

    Price

  • December, 2010

  • Dec 28, 2010

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 4141 E 7Th St

Assessed Value (2020): $450,275
Year Land Value Improved Value Assessed Value
2020 $337,793 $112,482 $450,275

Home Value Compared to the Market

This property vs the competition

4141 E 7Th St is listed 29.39% higher than the median list price for the city of Long Beach which has a median list price of $769,000. The median price per/sqft for Long Beach is $646 and this home is listed at $887.6 per/sqft which puts the price per square foot 37.4% higher than the median price per square foot for the city of Long Beach.

About 4141 E 7Th St

Detailed summary of property

4141 E 7Th St is a mixed use located in Long Beach, CA 90804 and is currently for sale. This mixed use property offers 4 bedrooms, 2 bathrooms, roughly 1,121 living square feet, and sits on an approximately 2,659 square foot lot. 4141 E 7Th St was first listed on ArdentRealEstateGroup.com on May 9, 2024. The homeowner is currently asking $995,000 and was originally asking $1,100,000. The median priced home in Long Beach is $769,000 with a median price per square foot of $646. Based on Ardent Real Estate Group's Long Beach Market Data, this home is listed 29.39% higher than the median priced home. Local competing homes currently for sale include 12381 Harbor Blvd, 6524 S Central Ave and 1129 S Lemon St. While the average home in Long Beach, CA is selling in 60 days, 4141 E 7Th St has a days on market of 122 days. There are currently 779 homes for sale in the Long Beach real estate market and 410 of them are single family homes while 347 of them are condos and 21 are townhomes. For more information on this home for sale at 4141 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 4141 E 7Th St

Public county record property details
Beds
2
Baths
1
Year built
1958
Sq. Ft.
1,121
Lot Size
2,659
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
7254-021-035

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.
$631
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%)

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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.