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4141 E 7th Street

Long Beach, CA 90804
  • $995,000
  • STATUS: Active
  • ON SITE: 149 Days
  • ID#: SB24092079
UPDATED: 28 min ago
$995,000
  • 0
    BEDS
  • 0.06
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1958
County:

School Ratings & Info

Listing Agent(s): Leonard Larocca of Compass (310-362-0596) and Teodora Panayotova of Compass(310-362-0596)


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, which is below market value, 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 $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants.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 Citys 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 listed under Residential Income MLS #SB24093615

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T14:31:50.517. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
www.gogabby.com/homes/150342371
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4141 E 7th Street Long Beach, CA 90804

  • Price: $995,000
  • Status: Active
  • On Site: 149 Days
  • Updated: 28 min ago
  • ID#: SB24092079
0
Beds
0
Baths
0
½ Baths
0.06
Acres
1958
Built
Neighborhood:
3 - Eastside, Circle Area
County:
Los Angeles
Area:
3 - Eastside, Circle Area
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, which is below market value, 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 $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants.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 Citys 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 listed under Residential Income MLS #SB24093615
Exterior Features

Construction Materials StuccoWood Siding Entry Level 1 Fencing Wood Lot Features Corner LotCul-De-SacLandscapedNear ParkNear Public TransitRectangular LotSprinklers TimerSprinkler System Open Parking Spaces 4 Parking Total 4

Interior Features

Cooling Central Air Cooling YN Yes Heating Forced Air Heating YN Yes

Property Features

Additional Parcels YN No Common Interest None Community Features Park Exclusions Van Halen guitar in bedroom & Whale picture right of TV (back unit). Gross Scheduled Income 120000 Inclusions Back unit is fully furnished for AirBNB and contents will remain with the property. Insurance Expense 1961 Land Lease YN No Laundry Features InsideLaundry ClosetIn Kitchen Lease Considered YN No Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash to New Loan Maintenance Expense 3000 Operating Expense 27289 Property Sub Type Mixed Use Security Features Security SystemCarbon Monoxide Detector(s)Smoke Detector(s)Security Lights Special Listing Conditions Standard Supplies Expense 1500 Tax Annual Amount 8549 Tax Year 2024 Utilities Sewer Connected Water Source Public Zoning LBCCA



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-10-05T14:31:50.517. 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 deemed reliable but is not guaranteed accurate by the MLS or Go Gabby | RE/MAX Estate Properties. Licensed in the State of California, USA.
 
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Go Gabby | RE/MAX Estate Properties
1901 S Catalina Ave.
Redondo Beach CA, 90277
Listing Agent(s): Leonard Larocca of Compass (310-362-0596) and Teodora Panayotova of Compass(310-362-0596)