#PW25079041, Shane Young, Listing Office: Younglewin Advisors, Inc.
#OC25101601·
Listing office: Mike Marcu, Broker·
Listing agent: Mike Marcu·
Listing office phone: 949 688 1224
$4,995,000 List price
2009 E 7th St Long Beach, CA 90804
0.3 acres
Condo
Property details
About 2009 E 7th St
This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments. With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.
Highlights
Home typeCondominium
StatusActive
Lot size0.28 Acres
Year built1959
MLS #OC25101601
Summary
- Private Pool: No
- Parking: None
- List Price: $4,995,000
- Annual Tax Amount: $25,899
- Tax Year: 2024
- Directions: NEC 7th Street & Cherry Avenue
- Year Built: 1959
- Stories: 2
- Lot Size: 0.28 Acres
- MLS Number: OC25101601
- MLS Name: CRMLS
- Office Name: Mike Marcu, Broker
- Office Phone: (949) 688-1224
- Listing Agent: Mike Marcu
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 5/11/2025, 12:20:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$4,995,000
2009 E 7th St
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jul 27, 2018 | Home Sold | $3,965,000 |
| Mar 07, 2016 | Home Sold | $3,150,000 |
| Jun 16, 1998 | Home Sold | $50,000 |
| Apr 23, 1996 | Home Sold | $175,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $1,900,811 | $25,899 |
| 2023 | $1,863,573 | $25,439 |
| 2022 | $1,827,066 | $23,896 |
| 2021 | $1,791,274 | $23,382 |
| 2020 | $1,713,600 | $22,362 |
| 2019 | $1,680,000 | $18,571 |
| 2018 | $1,383,732 | $18,370 |
| 2017 | $1,356,600 | $18,370 |
History based on county public records data.
Nearby schools
6
Burbank Elementary School
Public District KG-5
0.2 mi
•501 Junipero Ave
6
Lincoln Elementary School
Public District KG-5
0.7 mi
•1175 E 11th St
5
Willard Elementary School
Public District KG-5
0.7 mi
•1055 Freeman Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $45,740. The majority of Long Beach, CA residents have income between $35k-100k annually. The majority of families are single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
36%
<35k
50%
35k-100k
11%
100k-200k
3%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
Doctorate
What types of families live nearby?
46%
Single, No Kids
21%
Single, with Kids
13%
Married, No Kids
20%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
17%
<11 yrs old
11%
12-17 yrs old
29%
18-34 yrs old
39%
35-64 yrs old
4%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Major League Soccer (MLS)
Mexican League Soccer
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
Popeyes
White Castle
What do the neighbors drive?
Honda
Nissan
Kia
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary- Soft Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 2009 E 7th St
The listing price of 2009 E 7th St property is $4,995,000.
The property 2009 E 7th St is a condo located in Long Beach, California, 90804.
Active Listing: 2009 E 7th St is For Sale (Active/New) which means the seller is accepting offers.
The nearby schools for 2009 E 7th St are: Burbank Elementary School (GreatSchools Rating 6/10), Lincoln Elementary School (GreatSchools Rating 6/10), Willard Elementary School (GreatSchools Rating 5/10), Franklin Classical Middle School (GreatSchools Rating 4/10), Jefferson Leadership Academies (GreatSchools Rating 7/10), Jessie E. Nelson Academy (GreatSchools Rating 4/10), Clear Passage Educational Center (GreatSchools Rating 1/10), Polytechnic High School (GreatSchools Rating 6/10), Renaissance High School for the Arts (GreatSchools Rating 5/10).
According to the records, the last property tax for 2024 is $25,899 (source: MLS/based on county public records data).
The last sale was on July 27, 2018 for $3,965,000 (source: MLS/tax record).
The property at 2009 E 7th St has 0 bathroom.
The year of construction for 2009 E 7th St is 1959.
This home is located at 2009 E 7th St in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since May 7, 2025 and is currently priced at $4,995,000.
In April 2025 more than 70 listings in Long Beach, CA were sold above the asking price. During the same period more than 38 listings were sold at asking price, while more than 65 were sold below. The number of homes for sale in Long Beach, CA increased by 7.6% between March and April 2025. In April 2025 median list price was $839,980 and the average listing age was 33 days.
From Rocket Homes Real Estate and based on county public records data.