4141 E 7Th Street, Long Beach, CA 90804
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Listed Price :
$995,000
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Beds :
N/A
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Baths :
N/A
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Property Size :
N/A sqft
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Year Built :
1958
Property Description
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.
Interior Features
Laundry Information |
Location(s) |
Inside, Laundry Closet, In Kitchen |
Bedroom Information |
Bedrooms |
N/A |
Bathroom Information |
Bathrooms |
N/A |
Interior Information |
Cooling Type |
Central Air |
Listing Information
Address |
4141 E 7Th Street |
City |
Long Beach |
State |
CA |
Zip |
90804 |
County |
Los Angeles |
Listing Agent |
Leonard LaRocca DRE #01401046 |
Co-Listing Agent |
Teodora Panayotova DRE #01715774 |
Courtesy Of |
Compass |
List Price |
$995,000 |
Status |
Active |
Type |
Residential Income |
Subtype |
Mixed Use |
Structure Size |
N/A |
Lot Size |
2,659 |
Year Built |
1958 |
Listing information courtesy of: Leonard LaRocca, Teodora Panayotova, Compass. *Based on information from the Association of REALTORS/Multiple Listing as of Oct 8th, 2024 at 10:07 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.