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2703 E 7th St, Long Beach, CA, 90804

$1,295,000

Home List Price

$10,000*

Closing Credit

0 Baths
Multi

Location

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2703 E 7th St, Long Beach$1,295,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeDuplex
ParkingDoor-Single, Garage, Garage Faces Side
Garage1 space
Year Built1919
HeatingNatural Gas
CoolingNone
FireplaceNone
ViewNone
MLS #PW24214337
Lot Size0.08 Acres
StatusActive

About 2703 E 7th St

INVESTMENT OPPORTUNITY! The property is ZONED *LBCNR, 2703-2705 E.7th St. - This Duplex is located in the sought after 7th Street commercial/residential district, of the Rose Park/Circle area of Long Beach. A Prime Corner Lot Location that allows for a variety of potential commercial and residential uses. LOTS OF POTENTIAL AND OPTIONS FOR USE! The City of Long Beach zoning guide can be referenced for uses. Also, an ideal choice for a Developer, Investor or potential business. Sale of the property includes Approved Plans to add an ADU to make it 3 units. Great Opportunity To Keep The Current Configuration Or Complete The ADU Project And Have A Total Of 3 Units. Also a great property to make one unit your own home, while creating income with the other. This property features two units. Each unit offers a cozy layout with 2 bedrooms and 1 bath, a main living room, bath, full kitchen, formal dining room, completely fenced front and back yard, and a large sitting porch. Approximately 772 Sq. Ft. per unit with one detached single car garage on the property. This commercially zoned duplex/property is currently and successfully utilized as an independent living home that generates excellent income. In addition, each unit has separate electric and gas meters, enhancing the possibilities. Upgraded plumbing with new wall furnaces. New kitchen in 2703 unit. Buyers are encouraged to conduct their own investigations and due diligence.

Property Details

Property Features

Property Information:

  • Year Built: 1919
  • Stories: 1

Listing Office:

  • Office Name: Compass
  • Office Phone: (562) 277-7866
  • Listing Agent: Julie Meraz

Interior Features

Interior Information:

  • Appliances: Gas Cooktop, Gas Oven, Gas Range, Tankless Water Heater, Dryer, Washer
  • Flooring Type: Vinyl
  • Fireplace: None

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: None

Parking Information:

  • Garage Space: 1 space
  • Parking: Door-Single, Garage, Garage Faces Side

Lot Features

Lot Information:

  • Lot: Corner Lot
  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas
  • Cooling: None

Other

Directions Information:

  • Directions: Corner of 7th & Ohio, Northeast corner. 2703-2705 E. 7th St.

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,295,000

Tax Information:

  • Annual Amount: $7,410
  • 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

$824.6K

Med. Price/SqFt

$633

Avg. Days On Market

34

# of Sold Homes

212

2703 E 7th St vs Long Beach

34 DAYS ON ROCKET

-0 Day

$1,295,000

+$470.3K More

KEY TAKEAWAY

This property is $470.3K 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: #PW24214337

Listing Office:

  • Office Name: Compass
  • Office Phone: (562) 277-7866
  • Listing Agent: Julie Meraz

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: 11/21/2024, 7:20:51 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

Feb 06, 2018Home Sold
$550,000
Sep 27, 2012Home Sold
$242,500
Jun 13, 2005Home Sold
$540,000
Apr 28, 1989Home Sold
$220,000

Tax History

YEARPROP. TAXASSESSMENT
2021$7,410$578,367
2020$7,201$572,220
2019$3,498$561,000
2018$3,462$262,443
2017$3,462$257,298

History based on county public records data.

Payment Calculator

$6,531

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,949

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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-217606
6
/10

  • Burbank Elementary School

  • 501 Junipero Ave

  • 0.32 miles

  • Public District Grades KG-5

school-card-donut-217607
5
/10

  • Willard Elementary School

  • 1055 Freeman Ave

  • 0.37 miles

  • Public District Grades KG-5

school-card-donut-217608
5
/10

  • Mann Elementary School

  • 257 Coronado Ave

  • 0.69 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. The most common annual income of people living in Long Beach, CA is between $35k-100k. The majority of families are single, no kids. Most residents in this area have post secondary degree education.

All data provided by Home Junction and Claritas

Rocket Homes›California›Los Angeles County›Long Beach›90804›2703 E 7th St

This home is located at 2703 E 7th St in Long Beach, CA and zip code 90804 in the The Harbor neighborhood. This home, which was built in 1919, sits on a 0.08 acre lot. It has been listed on Rocket Homes since October 17, 2024 and is currently priced at $1,295,000.

In October 2024, from all listings sold in Long Beach, CA there were more than 94 sold above asking price, over 83 sold below and more than 35 were sold right at the asked price. The inventory of homes for sale in Long Beach, CA between September 2024 and October 2024 decreased by 0.1%. While the average time on the market in October 2024 was 34 days, the median list price was $824,667.

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

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