2123 E 7th , Long Beach, CA 90804
$1,325,000
Est. Payment: $6,667.19/mo
3 Bed
2 Bath
4422 Sqft
Status: active | Days on site: 3
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VCR-C15903466 - VCR-C159091383,VCR-C159052275

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House Description

We are pleased to present an exceptional Rose Park Multi-Family Investment Opportunity located in the highly desirable Rose Park neighborhood of Long Beach - 2123 E. 7th Street. Centrally located just blocks from the Pacific Ocean and the vibrant 4th Street dining and retail corridor, the property sits directly across the street from the renowned, Michelin-starred Heritage restaurant and newly developed $1 million condominiums. The expansive 6,058-square-foot oversized lot features three separate structures, comprising a large fourplex alongside two detached units. The asset offers a highly favorable unit mix consisting of four 2-bedroom/1-bathroom units and two 1-bedroom/1-bathroom units. Investors will benefit from major turnkey upgrades, including a new roof installed in 2020 and fully completed SB721 balcony compliance work. The property provides significant upside potential with straightforward value-add opportunities, including a potential garage conversion to an Accessory Dwelling Unit (ADU) and/or the addition of units built above the garages. Parking accommodations are also easily managed, featuring two single-car garages alongside convenient surface parking for tenants. *Property is located in an Opportunity Zone, which can provide preferential tax treatment for a buyer if they have capital gains to place. **2bedroom units are functionally two bedrooms and show as 1bedrooms on the tax roll. Buyer to verify.

Highlights

Listed by Shane Young , 562-556-1118 Younglewin Advisors, Inc. , 562-318-0215. CRMLS/Multi-Regional MLS mls logo

Property Type

Multi-Family

Lot/Acreage
0.14

Year Built

1923

County

Los Angeles

Area

3 - Eastside, Circle Area

Neighborhood

Eastside (ES)

Listing ID

PW26171200

Questions about this listing?

Contact Agent

Interior Features

Bedrooms and Bathrooms
  • Bedrooms:3
  • Bathrooms:2
  • Full Bathrooms:
Other:Public

Exterior Features

Lot:Corner Lot,Near Public Transit,Rectangular Lot,Yard,No Land Lease
Garage Capacity:6
Others:2+ Total Units,Has ADU
Sewer:Public Sewer
Principal Interest
$6,667
Taxes
$845

Home Price

$1,325,000

Loan Details

30 yrs
6.453%

Down Payment

20%
$265,000
All calculations are estimates and provided by Blueroof360. Today’s Rates provided by Blueroof360. Information and interactive calculators are made available to you only as self-help tools for your independent use and are not intended to provide investment or tax advice. We cannot and do not guarantee their applicability or accuracy in regards to your individual circumstances. All examples are hypothetical and are for illustrative purposes. We encourage you to seek personalized advice from qualified professionals regarding all personal finance issues.
Monthly Price:
$6,667.19

Principal

Taxes

Principal Taxes HOA Total
Monthly $6,667.19 $844.69 $0.00 $7,511.88
Yearly $80,006.29 $10,136.25 $0.00 $90,142.54
Total $2,400,188.59 $304,087.50 $0.00 $2,704,276.09

Today's Rates

30 Year

6.45%

20 Year

6.33%

15 Year

5.88%

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Current Listings

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Average Price

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Average Days on Market

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Market insight data is pulled from the same city as the listing being viewed (Long Beach, CA).

The schools listed are within a 2-mile radius of the property; however, attendance is not guaranteed. Please contact the local school district to confirm zoning and enrollment options.

Based on information from California Regional Multiple Listing Service, Inc. 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. All properties are subject to prior sale, change or withdrawal.

IDX service by Blueroof 360

Data last updated: 2026-08-08T20:35:47.000Z

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