$1,299,900

1089 E 7th St, Long Beach, CA 90813

3,020 sq ft

Listed by Exp Realty of California Inc, Kory Jackson

Status: Active

MLS® #26870317

Property description for 1089 E 7th St, Long Beach, CA 90813

Virtual Tour

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.

QUICK OVERVIEW

Built in 1922
$430 / Sq Ft
None
Natural Gas
73 days on website
0.0595 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Kory Jackson

Listing Office Exp Realty of California Inc, 8885849427

Updated Thursday, August 27, 2026 at 4:00:46 PM

The multiple listings information is provided by The MLS/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are © 2026 The MLS/CLAW. All Rights Reserved. The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

NEIGHBORHOOD

About the Hellman Neighborhood

Hellman is a "jack-of-all-trades" when it comes to the ambience of this part of Long Beach. Hellman is quiet overall, as the streets are generally quite peaceful. It is easy to access green spaces since there are a few of them close by for residents to check out. Finally, this part of the city has numerous areas for those looking for a dynamic vibe. Even though there is a limited selection of entertainment venues, the streets are usually busy with people, and it is very easy to find places to go out at night since they are well-distributed throughout the area.

Learn more about Hellman

High Schools

At least one high school within a 5-minute walk

Elementary Schools

At least one elementary school within a 5-minute walk

Groceries

Exceptional variety of groceries within a few minutes' walk

Restaurants

Wide variety of restaurants within a few minutes' walk

Daycares

At least one daycare within a very short walk

CLIMATE RISK FOR 90813

PROPERTY HISTORY FOR 1089 E 7TH ST

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1089 E 7th St, Long Beach, CA 90813

Property description for 1089 E 7th St, Long Beach, CA 90813

QUICK OVERVIEW

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

NEIGHBORHOOD

CLIMATE RISK FOR 90813

PROPERTY HISTORY FOR 1089 E 7TH ST

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PROPERTY HISTORY FOR 1089 E 7TH ST

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