1089 E 7th St, Long Beach, CA 90813
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
Anastasiya Richards

Anastasiya Richards

+1(510) 493-0442
$ 1,399,900
Est. payment /mo
Save
Coming Soon

1089 E 7th St Long Beach, CA 90813

6 Beds

4 Baths

3,020 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Coming Soon

Purchase Type For Sale

Square Footage 3,020 sqft

Price per Sqft $463

Subdivision The Coughran Tract

MLS Listing ID 26870317

Style Traditional

Bedrooms 6

Construction Status Updated/Remodeled

Year Built 1922

Tax Year 2026

Lot Size 2,592 Sqft

Acres 0.0595

Property Sub-Type Multi-Family

Property Description

STRONG LONG BEACH MULTIFAMILY INVESTMENT & PORTFOLIO OPPORTUNITY! Offered at $1,399,900, 1089 E. 7th Street presents investors with an opportunity to acquire an income-producing Long Beach multifamily asset generating approximately $8,000 PER MONTH / $96,000 IN ANNUAL GROSS RENT. With approximately $19,050 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $76,950, representing an approximate 5.50% CAP RATE at the offered price. The property also reflects an approximate 14.58 GRM, providing investors with an attractive combination of existing income, cash flow, and long-term ownership potential in the Long Beach rental market. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with established cash flow. Located in Long Beach, the property provides access to one of Southern California's established rental markets and offers investors the opportunity to acquire a multifamily asset with approximately $96,000 in annual gross rental income while maintaining the potential for future rent growth, operational improvements, and long-term appreciation. PORTFOLIO OPPORTUNITY: 1089 E. 7th Street is being offered as part of a portfolio sale together with 117 W. 9th Street. The properties provide complementary investment strategies: 1089 E. 7th Street offers high existing income, and 117 W. 9th Street offers two vacant 2-bedroom units with owner-user and value-add potential. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer.INVESTMENT HIGHLIGHTS: Approximately $96,000 Annual Gross Income * Approximately $76,950 NOI * Approximately 5.50% Cap Rate * Approximately 14.58 GRM * Existing Income From Day One * Long Beach Multifamily Investment * Portfolio Acquisition Opportunity * 1031 Exchange Opportunity.Buyer to independently verify all rents, expenses, income, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and all other property information.

Location

State CA

County Los Angeles

Area Downtown Area, Alamitos Beach

Zoning LBCO

Rooms

Other Rooms None

Interior

Heating Natural Gas

Cooling None

Flooring Mixed

Equipment None

Exterior

Parking Features On street

Waterfront Description None

View Y/N No

View None

Roof Type Composition

Building

Lot Description Sidewalks, Street Paved, Utilities - Overhead, Walk Street, Corners Established, Lot Shape-Rectangular, Lot-Level/Flat

Story 2

Foundation Raised

Sewer In Street

Water Water District

Architectural Style Traditional

Level or Stories Two

Structure Type Stucco

Construction Status Updated/Remodeled

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by eXp Realty of California Inc

NEARBY SCHOOL & BUSINESS

Tour This Home

1089 E 7th St

GET MORE INFORMATION

Name

Name

Phone*

Phone

Message

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from Anastasiya Richards, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

Anastasiya Richards

+1(510) 493-0442

akheystver@gmail.com

w600_original_82afdf6b-96e0-4b9d-b937-ae340f2e5324-jpeg (1)
};