Long Beach, CA 90813 433 W 7th Street

433 W 7th Street Long Beach, CA - Image 1433 W 7th Street Long Beach, CA - Image 2433 W 7th Street Long Beach, CA - Image 3
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433 W 7th Street Long Beach, CA - Image 4433 W 7th Street Long Beach, CA - Image 5433 W 7th Street Long Beach, CA - Image 6433 W 7th Street Long Beach, CA - Image 7433 W 7th Street Long Beach, CA - Image 8433 W 7th Street Long Beach, CA - Image 9433 W 7th Street Long Beach, CA - Image 10
Presented By: Justin White with Justin White; 714.231.2537
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# PW25100476
  • 05/06/2025
  • Request Tour
  • Request Info
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
  • Beds • 7
  • Baths • 3
  • SQFT • 11,015
  • Garage • 5

Home Details

We are pleased to present the exceptional opportunity to acquire a beautifully maintained, fully occupied, 17-unit multi-family property located at 433 W. 7th St, Long Beach, CA 90802. This historic Spanish-style building, constructed in 1931, combines architectural charm with modern upgrades, offering an ideal investment in the vibrant Long Beach market. Prime Location: Located in the heart of Downtown Long Beach, the property is just minutes from world-class dining, entertainment, shopping, and the waterfront. Residents enjoy easy access to major transportation routes, including the 710 Freeway, as well as close proximity to public transit options. Architectural Charm: This 1931 Spanish-style building retains much of its original architectural appeal, featuring two elegant rotundas framing the second-story landing and a gated entry that leads into a lushly landscaped courtyard. These charming elements create a welcoming atmosphere for tenants. Upgraded Units: The 17 units have been thoughtfully upgraded to maintain their vintage appeal while incorporating modern ?nishes. Most units feature luxurious granite countertops and pedestal sinks in the bathrooms. High 10’ ceilings throughout the building provide a spacious, airy feeling for tenants. Generous Unit Sizes: With a total building square footage of 11,015, the property offers an average unit size that is both generous and comfortable, providing ample living space for each of its residents. The well-appointed apartments appeal to long-term tenants who value quality and comfort. Rooftop Patio: The property features a private rooftop patio, offering stunning views of the city and coastline. This tranquil outdoor space provides tenants with an opportunity to enjoy relaxation, social gatherings, and scenic views, enhancing the overall living experience. Individually Metered: The property is individually metered for both gas and electricity, making it easier to manage utility costs and providing an ef?cient setup for tenants. ADU Potential: The property includes ?ve individual garages, offering potential for additional income through Accessory Dwelling Units (ADUs), subject to buyer veri?cation and city approval. This feature enhances the future income potential of the property.
Presented By: Justin White with Justin White; 714.231.2537

Interior Features for 433 W 7th Street

Other Interior Features

Air Conditioning Y/NYes
Basement (Y/N)No
Common WallsTwoCommonWallsOrMore
Fireplace FeaturesBath, Gas, Outside
Fireplace Y/NYes
FlooringWood
Heating Y/NYes
Interior AmenitiesHighCeilings, MultipleStaircases, Storage
Laundry FeaturesCommonArea
Total Stories2
Window FeaturesWoodFrames

Other Rooms

Entry Level1

General for 433 W 7th Street

Additional Parcels Y/NNo
AppliancesWaterHeater
Architectural StyleSpanish
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate5.01
Carport Y/NNo
CityLong Beach
Community FeaturesCurbs, Gutters, Sidewalks
Construction MaterialsStucco
CoolingGas
CountyLos Angeles
DirectionsFrom the 710 South Freeway, Exit 6th St. turn Left on Chestnut, and then Left on W. 7th St. Destination will be on right.
Electric Expense600.0
Electric On Property Y/NNo
Entry LocationW. 7th Street
Fuel Expense0.0
Garage Spaces5.0
Garage Y/NYes
Gross Income332252.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Insurance Expense16523.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Listing TermsExchange1031
Lot Size Square Feet8395.0
Lot Size UnitsSquareFeet
MLS Area4 - Downtown Area, Alamitos Beach
MaintenanceExpense12750.0
MobileHomeRemainsYNNo
Net Operating Income210413.0
New ConstructionNo
Number Of Units Total17
Operating Expense121840.0
Pool FeaturesNone
Property Attached Y/NYes
Property ConditionRepairsCosmetic
Property Sub Type AdditionalMixedUse
Property SubtypeMixedUse
Property TypeResidentialIncome
Rent Control Y/NNo
RoofSpanishTile
Security FeaturesCarbonMonoxideDetectors, SecurityGate, SmokeDetectors, WindowBars
Senior Community Y/NNo
SewerPublicSewer
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Subdivision NameDowntown (DT)
Tax Lot24
Taxes$52,089
Tenant PaysAllUtilities, CableTv, Gas
Trash Expense0.0
UtilitiesCableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, SewerConnected, WaterConnected
ViewCoastline, Panoramic
Water Sewer Expense3200.0
Waterfront Y/NNo
Year Built1931
Year Built SourceAssessor
ZoningLBPD10

Exterior for 433 W 7th Street

Building Area Total11015.0
Crops Included Y/NNo
FencingNone
Foundation DetailsRaised
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesSixteenToTwentyUnitsAcre
Lot Size Acres0.1927
Lot Size Area8395.0
Lot Size SourceAssessor
Number of Buildings2
Number of Separate Electric Meters18
Number of Separate Gas Meters17
Number of Separate Water Meters1
Open Parking Y/NNo
Parking FeaturesAssigned, DoorSingle, Garage
Private PoolNo
Road Frontage TypeCityStreet
Road Surface TypeAlleyPaved
SpaNo
Total Parking5.0
Water SourcePublic

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $4,200,000
MLS#PW25100476
List Date 05/06/2025
Property Type Multi-Family
Phone 714.742.6515
Request Tour
Request Info
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