About 721 E 7th
721 E. 7th Street is an 16-unit apartment asset located in the East Village Arts District neighborhood of Downtown Long Beach. The property is offered at 8.87 GRM and 6.88% cap rate on current rents. The building in the front of the property was built in 1923, and offers (3) 2BD/1BA units, (8) 1BD/1BA units and (5) studio units. Fifteen (15) of the units have been upgraded with new flooring, paint and modern kitchens and baths. Building improvements include upgraded electrical throughout property. There is ample room to add community laundry facilities in the basement of building. With a Walk Score of 92, the property is in prime East Village Arts District, offering walkability to myriad of employment opportunities as well as all of the shopping, dining, cultural and nightlife amenities in Downtown Long Beach.
Features of 721 E 7th
| MLS® # | PW25229051 |
|---|---|
| Price | $2,795,000 |
| Sold Price | $2,450,000 |
| Bedrooms | 3 |
| Bathrooms | 3.00 |
| Lot Sqft | 7,501 |
| Acres | 0.17 |
| Year Built | 1923 |
| Type | Residential Income |
| Sub-Type | Apartment |
| Status | Closed |
| # Of Units | 16 |
Community Information
| Address | 721 E 7th |
|---|---|
| Area | 4 - Downtown Area, Alamitos Beach |
| Subdivision | Downtown (DT) |
| City | Long Beach |
| County | Los Angeles |
| Zip Code | 90813 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
| Pool | None |
Interior
| Has Basement | No |
|---|---|
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Lot Description | SixteenToTwentyUnitsAcre |
|---|
Additional Information
| Date Listed | September 30th, 2025 |
|---|---|
| Date Sold | May 18th, 2026 |
| Days on Market | 227 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Agent | Robert Stepp |
|---|---|
| Office | Keller Williams Realty Downey |