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240 W 7th Street, Long Beach, CA 90813


  • Sold
  • Closed
  • Multi-Family
240 W 7th Street, Long Beach, CA 90813View this property at 240 W 7th Street, Long Beach, CA 90813
240 W 7th StreetLong BeachCA90813
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Property Description
Sara's Apartment property is a 29 unit apartment community located in the bike friendly area of Downtown Long Beach. This asset offers investors the unique opportunity to acquire an investment property with a restricted cash flow for 7 years with a long term upside in appreciation value. Long Beach is a non-rent controlled market. The property was originally constructed in 1957 and features 19 (Studio) and ten (1 Bedroom) units, encompassing a gross building area of 15,650 square feet. The building features controlled-access entry, on-site laundry and attached covered parking garages for 14 units. The Subject Property is located at 240 E. 7th Street in the downtown neighborhood of Long Beach. Situated less than 7 blocks from Ocean Boulevard, The Pike Outlet Marketplace, and a mile from the ocean, just 6 blocks from the major retailers and restaurants along Pine Avenue.

Full Property Details for 240 W 7th St


  • Sold For: $3,300,000
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: PW17035843
  • Added: 564 day(s) ago

Additional Information

  • Pool Description: None


  • Garage Spaces: 14


  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: 710 exit 6th Street; turn left on Cedar Ave.


  • Water: Public
  • # Water Meters: 1
  • # Gas Meters: 30
  • # Electric Meters: 30

Structural Information

  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 15,690
  • Year Built: 1957

Unit Information

Unit 1

  • Number of Units: 19
  • Total Bathrooms: 1

Unit 2

  • Number of Units: 9
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 1
  • Total Bathrooms: 1
  • Bedrooms: 1

Lot Features

  • Lot Size Source: Assessor
  • Zoning: LBPD10
  • Lot Description: 0-1 Unit/Acre

Financial Considerations

  • Price Per Sq. Ft.: $210.33
  • Price Per Unit: 110345

Listed by Coldwell Banker Commercial, George Bustamante and Becky Blair

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Schools serving 240 W 7th St

700 Locust Ave, Long Beach, CA 90802
0.2 mi
1450 Cedar Ave, Long Beach, CA 90813
0.7 mi
2001 Santa Fe Ave, Long Beach, CA 90810
1.8 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 240 W 7th St

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 240 W 7th St

Listed by Coldwell Banker Commercial, George Bustamante and Becky Blair

240 W 7th Street, Long Beach, CA 90813 (MLS# PW17035843) is a Multi-Family property that was sold at $3,300,000 on April 12, 2018. Want to learn more about 240 W 7th Street? Do you have questions about finding other Multi-Family real estate for sale in Long Beach? You can browse all Long Beach real estate or contact a Coldwell Banker agent to request more information.