4141 E 7Th Street, Long Beach, CA 90804
-
Listed Price :
$989,000
-
Beds :
N/A
-
Baths :
N/A
-
Property Size :
N/A sqft
-
Year Built :
1958
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, and the business LLC, Pilgrim's Way, which operates the Airbnb. 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.
Interior Features
| Laundry Information |
| Location(s) |
Inside, Laundry Closet |
| Bedroom Information |
| Bedrooms |
N/A |
| Bathroom Information |
| Bathrooms |
N/A |
| Flooring Information |
| Material |
Vinyl |
| Interior Information |
| Features |
Furnished |
| Cooling Type |
Central Air |
Listing Information
| Address |
4141 E 7Th Street |
| City |
Long Beach |
| State |
CA |
| Zip |
90804 |
| County |
Los Angeles |
| Listing Agent |
Mary Ryan DRE #01476437 |
| Co-Listing Agent |
Sean Stanfield DRE #01024996 |
| Courtesy Of |
Pacific Sotheby's Int'l Realty |
| List Price |
$989,000 |
| Status |
Active |
| Type |
Residential Income |
| Subtype |
Mixed Use |
| Structure Size |
N/A |
| Lot Size |
2,701 |
| Year Built |
1958 |
Listing information courtesy of: Mary Ryan, Sean Stanfield, Pacific Sotheby's Int'l Realty. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 14th, 2024 at 7:41 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
