13 days on rocket

2521 E 7th St, Long Beach, CA, 90804

$2,500,000

Home List Price

$10,000*

Closing Credit

0 Baths
Condo

Location

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2521 E 7th St, Long Beach$2,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeCondominium
Garage5 spaces
Year Built1963
MLS #PW24222928
Lot Size0.17 Acres
StatusActive

About 2521 E 7th St

Introducing an exceptional investment opportunity in Long Beach, CA. This impressive property boasts a 9,358 SF building with 10 well-appointed units offering a mix of 1, 2 & 3-bedroom layouts, appealing to a range of tenants. Built in 1963, the property features newer windows, electrical panels, and railings, enhancing its appeal to savvy investors. With a price of $267.15/SF and $250,000 per unit, this offering presents an attractive value proposition. Additionally, the property promises a lucrative added value opportunity, with a projected ±85% in rental upside, making it an enticing option for long-term ownership. The motivated sellers further enhance the appeal of this promising investment prospect.

Property Details

Property Features

Property Information:

  • Year Built: 1963
  • Stories: 2

Listing Office:

  • Office Name: Morgan Skenderian
  • Office Email: rma@morganskenderian.com
  • Listing Agent: Rick Applebaum

Exterior Features

Exterior Information:

  • Private Pool: No

Parking Information:

  • Garage Space: 5 spaces

Lot Features

Lot Information:

  • Lot Size: 0.17 Acres

Other

Directions Information:

  • Directions: South of 8th Street and West of Molino Ave.

Price Information

Listing Price Info

Price Summary:

  • List Price: $2,500,000

Tax Information:

  • Annual Amount: $8,701
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Long Beach, CA.

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Long Beach, CA

City

Med. Sold Price

$825.1K

Med. Price/SqFt

$633

Avg. Days On Market

35

# of Sold Homes

162

2521 E 7th St vs Long Beach

13 DAYS ON ROCKET

-22 Days

$2,500,000

+$1.6M More

KEY TAKEAWAY

This property is $1.6M more than the Median Sold Price in Long Beach, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #PW24222928

Listing Office:

  • Office Name: Morgan Skenderian
  • Office Email: rma@morganskenderian.com
  • Listing Agent: Rick Applebaum

IDX Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/18/2024, 2:20:58 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Listing History

Dec 24, 2001Home Sold
$420,000
Jan 13, 1989Home Sold
$665,000

Tax History

YEARPROP. TAXASSESSMENT
2021$8,701$575,278
2020$8,576$567,321
2019$8,276$556,198
2018$8,189$545,293
2017$8,189$534,602

History based on county public records data.

Payment Calculator

$12.5K

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$7,562

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-4321885
6
/10

  • Burbank Elementary School

  • 501 Junipero Ave

  • 0.25 miles

  • Public District Grades KG-5

school-card-donut-4321886
5
/10

  • Willard Elementary School

  • 1055 Freeman Ave

  • 0.44 miles

  • Public District Grades KG-5

school-card-donut-4321887
5
/10

  • Mann Elementary School

  • 257 Coronado Ave

  • 0.75 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $49,923. Residents of Long Beach, CA typically earn between $35k-100k each year. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 2521 E 7th St

What is the listing price of this property?

The listing price of 2521 E 7th St property is $2,500,000.

What type of property is this?

The property 2521 E 7th St is a condo located in Long Beach, California, 90804.

Is this property for sale now?

Active Listing: 2521 E 7th St is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $8,701 (source: MLS/based on county public records data).

When was this property sold last time and for how much?

The last sale was on December 24, 2001 for $420,000. (source: MLS/tax record).

Which year was this property built?

The year of construction for 2521 E 7th St is 1963.

Rocket Homes›California›Los Angeles County›Long Beach›90804›2521 E 7th St

This home is located at 2521 E 7th St in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. This home, which was built in 1963, sits on a 0.17 acre lot. It has been listed on Rocket Homes since December 05, 2024 and is currently priced at $2,500,000.

While more than 66 listings in Long Beach, CA in November 2024 were sold above asking price, there were more than 32 listings sold at asking price, and more than 64 were sold below. The number of homes for sale in Long Beach, CA decreased by 10.6% between October 2024 and November 2024. While the average time on the market in November 2024 was 35 days, the median list price was $825,128.

From Rocket Homes Real Estate and based on county public records data.

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