4141 E 7th ST Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90804
Key Details
Property Type Multi-Family
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Belmont Heights
MLS Listing ID OC24212654
Year Built 1958
Lot Size 2,700 Sqft
Property Description
This is an opportunity to acquire a high-demand asset in a desirable location with immediate income generation potential. Unlock the potential of this prime mixed-use property in Belmont Heights?an excellent opportunity for savvy investors or owner-users looking for strong value and steady returns. This well-maintained lot offers both commercial and residential spaces, both in turn-key condition and ready to generate income. The front unit, 4141, spans approximately 550 sq. ft. and serves as an office or retail space. With a current rental income of $3,000 per month, there may still be room to increase rent to align with market rates. It features a main room, full bath, kitchen, and two additional rooms, with potential for conversion to residential zoning with minimal modifications. The rear unit, 4147, is a two-bedroom, one-bath single-family home backing up to the quiet Greenbelt Park. This unit has been a highly profitable Airbnb, generating gross rents of approximately $72,000 in 2023?an average of just under $6,000 per month. Together, both units bring in an average of $9,000 per month in rental income, providing an attractive return on investment. The sale price includes not only the property but also all furnishings, appliances, artwork. Additionally, the City's Short-Term Rental (STR) license, a valuable asset, is included in the deal. With separate electric and gas meters for each unit, plus four parking spaces, this property is both flexible and independent for future tenants or owners. Located near Blair Field, Alamitos Heights Park, the beaches, bay and Marine Stadium, this property combines convenience with income potential.
Location
State CA
County Los Angeles
Area 3 - Eastside, Circle Area
Zoning LBCCA
Interior
Heating Central
Cooling Central Air
Flooring Vinyl
Inclusions Back unit is fully furnished for Airbnb and will remain in property
Laundry Inside,Laundry Closet
Exterior
Garage Asphalt,Driveway
Pool None
Community Features Street Lights,Sidewalks
View Y/N Yes
View Neighborhood
Roof Type Composition
Building
Lot Description 2-5 Units/Acre
Story 1
Sewer Public Sewer
Water Public
New Construction No
Others
Acceptable Financing Cash,Cash to New Loan
Listing Terms Cash,Cash to New Loan
Special Listing Condition Standard