Long Beach, CA 90804 4141 E 7th Street
$995,000
49 more
Presented By: Leonard LaRocca with Compass; 310-362-0596
Home Details
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, there may be some market upside to this rent, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications.
The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $72,000 in 2023, which averages just under $6,000 per month. Both units combined generate an average rental income of $9,000 per month before expenses.
The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually.
Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations.
Property is also listerd under Commercial Sale MLS#SB24092079 for additional information.
Presented By: Leonard LaRocca with Compass; 310-362-0596
Interior Features for 4141 E 7th Street
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsNoCommonWalls
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesInside, LaundryCloset, InKitchen
Total Stories1
Other Rooms
Entry Level1
General for 4141 E 7th Street
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Carport Y/NNo
CityLong Beach
Community FeaturesBiking, Curbs, StreetLights, Sidewalks, Park
Construction MaterialsStucco, WoodSiding
CoolingCentralAir
CountyLos Angeles
Current FinancingNone
Days on Market118
DirectionsXimeno to East 7th St.
Entry LocationGround
ExclusionsVan Halen guitar in bedroom & Whale picture right of TV (back unit).
Garage Spaces0.0
Garage Y/NNo
Gross Income67423.0
HeatingForcedAir
Home Owner AssocNo
Home Warranty Y/NNo
Insurance Expense1962.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet2659.0
Lot Size UnitsSquareFeet
MLS Area3 - Eastside, Circle Area
MaintenanceExpense3000.0
MobileHomeRemainsYNNo
Net Operating Income67423.0
New ConstructionNo
NumberOfUnitsTotal2
Open Parking Spaces5.0
Operating Expense27289.0
Pool FeaturesNone
PossessionCloseOfEscrow
Private PoolNo
Property Sub Type AdditionalMixedUse
Property SubTypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
Security FeaturesSecuritySystem, CarbonMonoxideDetectors, SmokeDetectors, SecurityLights
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameBelmont Heights
Tax Lot6
TermsCash, CashtoNewLoan
Total Actual Rent120000.0
Trash Expense0.0
UtilitiesSewerConnected
View Y/NNo
Water Sewer Expense0.0
Waterfront Y/NNo
Year Built1958
Year Built SourceAssessor
ZoningLBCCA
Exterior for 4141 E 7th Street
Building Area Total1121.0
Crops Included Y/NNo
FencingWood
Horse Y/NNo
InclusionsBack unit is fully furnished for AirBNB and contents will remain with the property.
Irrigation Water Rights Y/NNo
Lot FeaturesCornerLot, CulDeSac, Landscaped, NearPark, NearPublicTransit, RectangularLot, SprinklersTimer, SprinklerSystem
Lot Size Acres0.061
Lot Size Area2659.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesConcrete, Driveway, Gravel
SpaNo
Total Parking5.0
Water SourcePublic
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480