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Listed by: Kory Jackson (310) 717-3720 DRE #01315324 | eXp Realty of California Inc (888) 584-9427
$1,399,900
6 Beds
4 Baths
3,020sqft
1089 E 7th Street, Long Beach, CA 90813
$1,399,900
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Multi Family
Built in 1922
$-- HOA
2,592 sqft lot
$464/sq.ft
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 $27,465 in annual operating expenses, the property generates an estimated NET OPERATING INCOME (NOI) OF $68,535, representing an approximate 4.90% 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. ...
Continue Reading- Houzeo last checked: 0 minutes ago
- Listing updated: September 8, 2026 at 7:14 am
- Source: California Regional MLS-CA | MLS#: 26870317
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
Year Built
1922
HOA Fees
-
Finished Area
3,020 sqft
Lot Size
2,592 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26870317
MLS Status
Active
Days on Market
12
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