Address
1089 E 7th Street, Long Beach, CA
Price
$ 1,399,900
Property Attributes
- ID#26870317
- TypeMulti-Family
- Listing Status Active
- CountyLos Angeles
- CityLong Beach
- Area Downtown Area, Alamitos Beach
- NeighborhoodThe Coughran Tract
- Zip90813
- Style
- Year Built1922
- Price$ 1,399,900
- Bedrooms6
- Full Bathrooms1
- Half Bathrooms0
- Sqr Footage3020
- Lot Size0.0595 Acres
Data Source:
California Regional MLS (CRMLS)
Property 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. Unlike opportunities that depend primarily upon future projections, 1089 E. 7th Street offers substantial EXISTING RENTAL INCOME from day one. The property's income profile makes it well suited for a long-term multifamily investor, portfolio buyer, or 1031 Exchange purchaser seeking replacement property with established cash flow. Located in Long Beach, the property provides access to one of Southern California's established rental markets and offers investors the opportunity to acquire a multifamily asset with approximately $96,000 in annual gross rental income while maintaining the potential for future rent growth, operational improvements, and long-term appreciation. PORTFOLIO OPPORTUNITY: 1089 E. 7th Street is being offered as part of a portfolio sale together with 117 W. 9th Street. The properties offer complementary investment strategies: 1089 E. 7th Street provides high existing income, and 117 W. 9th Street offers two vacant 2-bedroom units with owner-user and value-add potential. Contact listing agent for portfolio details and terms.1031 EXCHANGE: Seller intends to complete an IRC Section 1031 Tax-Deferred Exchange. Buyer to cooperate with Seller's 1031 Exchange at no cost or liability to Buyer; also to independently verify all rents, expenses, income, vacancies, market rents, square footage, unit configuration, permits, zoning, financial information, and all other property information.
| Price History | |
|---|---|
| 8/10/2026 | Listed $1,399,900 |
General Features
| Living Area | 3020 |
|---|---|
| Sewer | Other |
| Heating | Natural Gas |
| Cooling | None |
| Utilities | Overhead Utilities |
| Possession | Close Of Escrow |
| Roof | Composition |
| Zoning | LBCO |
| Architectural Style | Traditional |
| Security Features | Carbon Monoxide Detector(s),Smoke Detector(s) |
| Construction Materials | Stucco |
| Year Built | 1922 |
| Tenant Pays | Cable TV,Electricity,Gas |
| View | None |
| Stories Count | 2 |
| Levels | Two |
| Gross Income | 96000 |
| County | Los Angeles |
| Net Operating Income | 68535 |
| Insurance Expense | 2225 |
| New Construction | false |
| Property Type | Residential Income |
| HOA | false |
| MaintenanceExpense | 2400 |
| Subdivision Name | The Coughran Tract |
| Facing Direction | South |
| Special Listing Conditions | Standard |
| Status | Active |
| Buyer Financing | Cash,Contract |
| Directions | Intersection of Cerritos and 7th Street |
| City | Long Beach |
| Disclosures | City Inspection Required,Historical,Rent Control,Seismic Hazard |
| Senior Community Y/N | false |
| Number Of Units Total | 4 |
| MLS Area | 4 - Downtown Area, Alamitos Beach |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 2592 |
| Listing Terms | Subject To Other,Submit |
| Property Attached Y/N | true |
| Property Condition | Updated/Remodeled |
| Water Sewer Expense | 3000 |
| Rent Control Y/N | true |
| Virtual Tour | https://listings.jbphotohomes.com/sites/elvlnqpn/unbranded |
| Standard Status | Active |
| Expected Active Date | 2026-09-01 |
| Taxes | 17500 |
| Cap Rate | 4.9 |
| PostalCity | LONG BEACH |
Interior Features
| Total Stories | 2 |
|---|---|
| Common Walls | 1 Common Wall |
| Air Conditioning Y/N | false |
| Heating Y/N | true |
| Total Bedrooms | 6 |
| Total Baths | 4 |
Exterior Features
| Parking Features | On Street |
|---|---|
| Lot Features | Corners Marked,Rectangular Lot |
| Lot Size Area | 2592 |
| Foundation Details | Raised |
| Number of Buildings | 2 |
| Building Area Total | 3020 |
| Lot Size Acres | 0.0595 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 90813
Price
Year Built
Based on information from California Regional Multiple Listing Service, Inc. as of September 22, 2026 7:28 AM UTC This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
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Last updated: September 22, 2026 7:14 AM UTC Property Information © 2026 
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