Search
623 E 7Th St, Long Beach, CA 90813
Image 2 for 623 E 7Th St, Long Beach, CA 90813
Image 3 for 623 E 7Th St, Long Beach, CA 90813
View Photos

623 E 7Th St Long Beach, CA 90813

$1,350,000 Sold Price as of 06/10/2022
  • 6 Beds
  • 4 Baths
  • 5,195 Sq.Ft.
Sold
$1,350,000 Sold Price as of 06/10/2022 Refinance Your Mortgage
Map preview of 623 E 7Th St, Long Beach, CA 90813

Property Overview: 623 E 7Th St Long Beach, CA has 6 bedrooms, 4 bathrooms, 5,195 living square feet and 7,501 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Fantastic mix-use investment opportunity in the heart of Long Beach! On the large 7501 sqft lot. 1 residential 4-plex apartment at the back with 2bedroom +1bath x 2 units and 1bedroom+1 bathroom x 2 units. Hardwood and tile floors. 1 Commerical building fronting on the 7th st with stable long-term tenants. All units fully leased. Ample parking of 11+ total spaces between the commercial building and the residential building, 4+ spaces secured by a gate. Convenient location for business and residence! MOTIVATED SELLER!!

Listed by Mariko Meek | BRE #01778756 | Vista Pacific Realty
Last checked: 9 minutes ago | Last updated: June 10th, 2022 | Source CRMLS | DOM: 83

Home details

Lot Sq. Ft
7,501
HOA Dues
$0/mo
Year built
1952
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
OC22010697
City
Long Beach
County
Los Angeles
Time on Site
972 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 2
  • # of Electric Meters: 6
  • # of Gas Meters: 6
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,695
  • Total Rent: $1,695
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,495
  • Total Rent: $1,495
  • Pro Forma/Market Rent: $1,750
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,020
  • Total Rent: $1,020
  • Pro Forma/Market Rent: $1,500
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,350
  • Total Rent: $1,350
  • Pro Forma/Market Rent: $1,850
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 0
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,550
  • Total Rent: $1,550
  • Pro Forma/Market Rent: $1,550
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $101,520
  • Net Operating Income: $58,444
  • Gross Operating Income: $96,444
  • Vacancy Allowance: $5,076
Annual Expense Breakdown
  • Total Operating Expense: $38,000
  • Electric: $300
  • Gas/Fuel: $520
  • Licenses: $70
  • New Taxes: $18,000
  • Trash: $1,200
  • Gardener: $1,400
  • Insurance: $4,000
  • Maintenance: $5,000
  • Professional Management: $5,000
  • Water/Sewer: $2,500

Property Details for 623 E 7Th St

Interior Features
Laundry Information
  • No Laundry
  • None
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 12
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: No Common Walls
  • Total # of Units: 6
  • Parcel Number: 7274017034
  • Year Built Source: Assessor
  • Property is not Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Subdivision Name: Alamitos Beach (AB)
  • Directions: 7th st x Atlantic Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Long Beach Agent

Sale History for 623 E 7Th St

Last sold for $1,350,000 on June 10th, 2022

  • February, 2022

  • Feb 6, 2022

    Date

    Price Change

    CRMLS: OC22010697

    $1,595,000

    Price

  • Jan 22, 2022

    Date

    Active

    CRMLS: OC22010697

    $1,650,000

    Price

  • February, 2016

  • Feb 12, 2016

    Date

    Sold (Public Records)

    Public Records

    $829,000

    Price

  • February, 2006

  • Feb 3, 2006

    Date

    Sold (Public Records)

    Public Records

    $700,000

    Price

Show More

Tax History for 623 E 7Th St

Assessed Value (2020): $897,334
Year Land Value Improved Value Assessed Value
2020 $649,458 $247,876 $897,334

Home Value Compared to the Market

This property vs the competition

623 E 7Th St sold on June 10, 2022 for 70.94% 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 $269.49 per/sqft which puts the price per square foot 57.09% lower than the current median sale per square foot for the city of Long Beach.

About 623 E 7Th St

Detailed summary of property

623 E 7Th St is a multi family that recently sold in Long Beach, CA 90813. This multi family property offered 6 bedrooms, 4 bathrooms, roughly 5,195 living square feet, and sits on an approximately 7,501 square foot lot. 623 E 7Th St was first listed on ArdentRealEstateGroup.com on January 22, 2022. The homeowner sold the property for $1,350,000. 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 70.94% higher than the current median priced home. Local homes that are currently for sale include 1817 E 3rd St, 528 Cherry Ave and 1122 Cherry Ave. While the average home in Long Beach, CA is selling in 62 days, 623 E 7Th St has a days on market of 83 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 623 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 623 E 7Th St

Public county record property details
Beds
8
Baths
4
Year built
1952
Sq. Ft.
5,195
Lot Size
7,500
Stories
1
Type
Commercial/Office/Residential (Mixed Use)
Pool
No
Spa
No
County
Los Angeles
Lot#
23,24
APN
7274-017-034

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?

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

Homes for Sale Near 623 E 7Th St

Nearby Homes for Sale

801 Atlantic Ave, Long Beach, CA 90813
$1,495,000
10 Beds
4 Baths
3312 Sq.Ft.
801 Atlantic Ave
Long Beach, CA 90813
1010 Lime Ave, Long Beach, CA 90813
$1,140,000
8 Beds
5 Baths
3209 Sq.Ft.
1010 Lime Ave
Long Beach, CA 90813
1000 E 10th St, Long Beach, CA 90813
$1,599,000
14 Beds
7 Baths
5340 Sq.Ft.
1000 E 10th St
Long Beach, CA 90813
1052 E 5th St, Long Beach, CA 90802
$1,600,000
10 Beds
5 Baths
3421 Sq.Ft.
1052 E 5th St
Long Beach, CA 90802
1052 E 5th St, Long Beach, CA 90802
$1,600,000
10 Beds
5 Baths
3421 Sq.Ft.
1052 E 5th St
Long Beach, CA 90802
1132 E Arcadia Court, Long Beach, CA 90813
$1,150,000
9 Beds
7 Baths
2886 Sq.Ft.
1132 E Arcadia Court
Long Beach, CA 90813
1021 Pacific Ave, Long Beach, CA 90813
$1,350,888
10 Beds
6 Baths
4680 Sq.Ft.
1021 Pacific Ave
Long Beach, CA 90813
332 W 9th St, Long Beach, CA 90813
$1,200,000
8 Beds
4 Baths
3372 Sq.Ft.
332 W 9th St
Long Beach, CA 90813
436 Gaviota Ave, Long Beach, CA 90802
$1,385,000
10 Beds
6 Baths
2856 Sq.Ft.
436 Gaviota Ave
Long Beach, CA 90802
Open Sat 1pm-4pm
1640 E Erie St, Long Beach, CA 90802
$1,100,000
5 Beds
3 Baths
1586 Sq.Ft.
1640 E Erie St
Long Beach, CA 90802
529 W 10th St., Long Beach, CA 90813
$1,450,000
7 Beds
6 Baths
3616 Sq.Ft.
529 W 10th St.
Long Beach, CA 90813
1163 Magnolia Ave, Long Beach, CA 90813
$1,249,000
7 Beds
5 Baths
4083 Sq.Ft.
1163 Magnolia Ave
Long Beach, CA 90813

Recently Sold Homes Near 623 E 7Th St

707 E 7th St, Long Beach, CA 90813
$1,900,000 Last Sold Price
11 Beds
11 Baths
6544 Sq.Ft.
707 E 7th St
Long Beach, CA 90813
621 E 6th St, Long Beach, CA 90802
$2,000,000 Last Sold Price
154 Beds
143 Baths
8136 Sq.Ft.
621 E 6th St
Long Beach, CA 90802
721 E 7th St, Long Beach, CA 90813
$3,305,000 Last Sold Price
11 Beds
15 Baths
10464 Sq.Ft.
721 E 7th St
Long Beach, CA 90813
701 E 6th St Ave, Long Beach, CA 90802
$1,300,000 Last Sold Price
14 Beds
8 Baths
2 Sq.Ft.
701 E 6th St Ave
Long Beach, CA 90802

Related Resources to 623 E 7Th St

New Listings in 90813
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