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$2,795,000

  • For Sale
  • Active
  • Multi-Family
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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.

Full Property Details for 721 E 7th

General

  • Price: $2,795,000
  • Status: Active
  • Type: Multi-Family
  • Source: MRMLS
  • MLS ID: PW25229051
  • Updated: 12/30/2025
  • Days on Market: 108 days
  • Added to Site: 108 day(s) ago

Rooms

Other Rooms

  • Laundry: None

Additional Information

  • Pool Description: None

Location

  • Area: 4 - Downtown Area, Alamitos Beach
  • County: Los Angeles
  • Development Name: 4 - Downtown Area, Alamitos Beach
  • Driving Directions: 7th Street

Utilities

  • Sewer: Public Sewer
  • Water: Public
  • # Water Meters: 16
  • # Gas Meters: 16
  • # Electric Meters: 16

Structural Information

  • Entry Location: 1
  • Stories/Levels: Two
  • Stories Description: Two
  • Square Feet: 10,464
  • Year Built: 1923

Unit Information

Unit 1

  • Number of Units: 3
  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Number of Units: 8
  • Total Bathrooms: 1
  • Bedrooms: 1

Unit 3

  • Number of Units: 5
  • Total Bathrooms: 1

Lot Features

  • Lot Size (Acres): 0.1722
  • Lot Size (Sq. Ft.): 7,501
  • Lot Size Source: Assessor
  • Lot Description: 16-20 Units/Acre

Financial Considerations

  • Price Per Sq. Ft.: $267.11
  • Price Per Unit: 174688

Listed by Keller Williams Realty Downey, Robert Stepp

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Listing agent

— 721 E 7th —

  • Robert Stepp

    Keller Williams Realty Downey

310-463-2916

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 721 E 7th

School District:Long Beach Unified School District
NameGradesDistance
Stevenson Elementary School
515 Lime Avenue, Long Beach, CA 90802
K-50.1 mi
Franklin Classical Middle School
540 Cerritos Avenue, Long Beach, CA 90802
6-80.3 mi
Polytechnic High School, Long Beach, CA
1600 Atlantic Ave., Long Beach, CA 90813
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 721 E 7th Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/30/2025
Listed
$2,795,000
-15.43%
MLS
4/14/2022
Sold
$3,305,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 721 E 7th

Year
Property Taxes
Change
Tax Assessment
Change
2025
$47,709
6%
$3,511,292
4%
2023
$44,824
162%
$3,375,100
-2%
2022
$17,132
3%
$3,431,200
189%
2021
$16,708
—
$1,187,464
1%
2020
$16,663
1%
$1,175,330
2%
2019
$16,468
3%
$1,148,364
2%
2018
$16,005
1%
$1,125,848
2%
2017
$15,833
8%
$1,103,774
2%
2016
$14,709
4%
$1,082,132
2%
2015
$14,157
—
$1,065,878
2%
2014
$14,137
-21%
$1,045,000
—
2013
$17,950
—
$1,045,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

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with our affiliated lender
NMLS#: 1598647

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Listed by Keller Williams Realty Downey, Robert Stepp

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721 E 7th, Long Beach, CA 90813 (MLS# PW25229051) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 721 E 7th is currently listed for $2,795,000 and was received on September 30, 2025. Want to learn more about 721 E 7th? 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.

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