2009 E 7th St

Long Beach, CA 90804

$4,250,000
Price
6
Beds
26
Baths
17,730 Sq. Ft.
$240 / Sq. Ft.
17,730
Sq. Ft.
$240
per Sq. Ft.
a front view of a house with a garden
a view of a street with sitting area

Description

This 26-unit mixed-use investment is located at the high-visibility corner of 7th Street and Cherry Avenue in the Historic Rose Park District of Long Beach—a walkable, rapidly evolving area surrounded by strong retail demand and stable residential tenancy. The two-building property totals approximately 17,730 square feet and features 7 ground-floor retail suites and 19 apartment units, consisting of 1 studio, thirteen 1-bed/1-bath units, four 2-bed/1-bath units, and one 3-bed/1-bath unit. The diverse...This 26-unit mixed-use investment is located at the high-visibility corner of 7th Street and Cherry Avenue in the Historic Rose Park District of Long Beach—a walkable, rapidly evolving area surrounded by strong retail demand and stable residential tenancy. The two-building property totals approximately 17,730 square feet and features 7 ground-floor retail suites and 19 apartment units, consisting of 1 studio, thirteen 1-bed/1-bath units, four 2-bed/1-bath units, and one 3-bed/1-bath unit. The diverse mix of units and commercial spaces creates multiple income streams and flexible leasing opportunities. With rents significantly below market, the asset offers an estimated 20–25% rental upside achievable through light renovations, management efficiencies, and targeted leasing. The retail spaces have historically maintained 85–90% occupancy, while residential rents present further upside potential. At the asking price, the property delivers a capitalization rate approaching 6%, and a market-adjusted return above 7.5%, once repositioned. This offering represents a rare chance to acquire a corner mixed-use property in one of Long Beach’s most desirable submarkets—combining immediate income, long-term appreciation, and substantial value-add potential.
  1. Listed by Mike Marcu • DRE #00919594 • Brokerage DRE #00919594 • Mike Marcu, Broker • 949 688 1224

Property Details for 2009 East 7th Street

Parking Spaces Total
8
Private Pool
No
Total Units
26.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
17730
Assessor Parcel Number
7262-024-021
Property Attached YN
true
LISTING UPDATED: 12/24/2025 02:40 AM

Property Details for 2009 East 7th Street

StatusActive
MLS #OC25101601
Days on Market243
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Res Income 2-4 Units
Year Built1959
CountyLos Angeles County

Location

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594
Add your commute

Building Information for 2009 East 7th Street

Building/Complex2009 E 7th StFloor-Stories2Residences-Pet Policy-Pet Policy Details-Year Built1959Building Size-

Payment Calculator

$23,245 per month

30 year fixed, 6.15% Interest

Principal and Interest

$20,714

Property Taxes

$2,531

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 2009 East 7th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity
Income / Expense / Tax Details
Income Details
  • Gross Income: $1,200
  • Gross Scheduled Income: $464,280
  • Vacancy Allowance: 36067
  • Gross Operating Income: $428,213
  • Net Operating Income: $247,830
  • Laundry Income: $1,200
  • Gross Multiplier: 9.15
  • Cap Rate: 5.83
Expense Details
  • Operating Expense: $180,383
  • New Taxes Expense: $62,478
  • Fuel Expense: $2,500
  • Electric Expense: $4,000
  • Insurance Expense: $8,413
  • Maintenance Expense: $25,650
  • Professional Management Expense: $37,232
  • Other Expense: $26,310
  • Other Expense Description: Mics.
  • Trash Expense: $5,585
  • Water Sewer Expense: $8,215
  • Supplies Expense: $5,025
  • Total Expenses: $180,383
Tax / Assessment Info
  • Tax Tract Number: 024
  • Tax Census Tract: 5769.01
  • CFD/Mello-Roos Fee: $2,252
  • Tax Lot: 20
Community / Development
Community / Development
  • Community Features: Urban
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Additional Parcels Description: 726202420,
  • Lot Features: 36-40 Units/Acre
  • Number Of Units: 26
  • Land Lease: No
  • Land Lease Type: Fee
  • Water: Public
  • Sewer: Public Sewer, Sewer Paid
  • Sewer/Septic: Sewer Connected
  • Utilities: Sewer Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: No
  • Parking Garage: None
  • Uncovered Spaces: 8
  • Open Other Spaces Total: 8
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: None
Property / Structure Info
  • Builders Tract Name: Other
  • Builders Tract Code: Other (OTHR)
  • Residential Styles: Res Income 2-4 Units
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,600
  • Unit Type Total Rent: $1,695
  • Unit Type Pro Forma: 1650
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 13
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $18,783
  • Unit Type Total Rent: $18,783
  • Unit Type Pro Forma: 24635
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 4
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $5,141
  • Unit Type Total Rent: $6,141
  • Unit Type Pro Forma: 8000
  • Unit Type Type: 3
Unit 4
  • Unit Type Units Total: 7
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $10,761
  • Unit Type Total Rent: $10,761
  • Unit Type Pro Forma: 11084
  • Unit Type Type: 4
Unit 5
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $1,305
  • Unit Type Total Rent: $1,305
  • Unit Type Pro Forma: 2250
  • Unit Type Type: 5
Unit Information
  • Rent Controlled: No
  • Number Of Buildings: 2
  • Number Of Separate Electric Meters: 27
  • Number Of Separate Gas Meters: 10
  • Number Of Separate Water Meters: 2

Property History for 2009 East 7th Street

DateEvent & SourcePriceAppreciation
Dec 24, 2025

Price Change

CRMLS #OC25101601

$4,250,000—
Dec 23, 2025

Price Change

SDMLS #OC25101601

$4,250,000—
Jun 2, 2025

Price Change

CRMLS #OC25101601

$4,499,000—
Jun 1, 2025

Price Change

SDMLS #OC25101601

$4,499,000—
May 12, 2025

Price Change

CRMLS #OC25101601

$4,699,000—
May 7, 2025

Listed (Active)

CRMLS #OC25101601

$4,995,000—
May 5, 2025

Listed (Active)

CLAW #OC25101601MR

$4,995,000—
May 5, 2025

Listed (Active)

SDMLS #OC25101601

$4,995,000—
DateEvent & SourcePrice
12/24/2025

Price Change

CRMLS #OC25101601

$4,250,000
12/23/2025

Price Change

SDMLS #OC25101601

$4,250,000
06/02/2025

Price Change

CRMLS #OC25101601

$4,499,000
06/01/2025

Price Change

SDMLS #OC25101601

$4,499,000
05/12/2025

Price Change

CRMLS #OC25101601

$4,699,000
05/07/2025

Listed (Active)

CRMLS #OC25101601

$4,995,000
05/05/2025

Listed (Active)

CLAW #OC25101601MR

$4,995,000
05/05/2025

Listed (Active)

SDMLS #OC25101601

$4,995,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 2009 East 7th Street

Taxable ValueLand$810,578Additions$1,128,215Total$1,938,793
Tax Record2025$30,371 ($2,531 / month)
Home Facts
Total Finished SqFt6,516 SqFtAbove Grade Finished SqFt6,516 SqFtStories1Lot Size6,276 SqFtStyleOffice BuildingYear Built1959ZoningLBCCACountyLOS ANGELESAPN7262-024-021

Schools near 2009 East 7th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Burbank Elementary School
Public - K to 5
Jefferson Leadership Academies School
Public - 6 to 8
Wilson High School
Public - 9 to 12
Clear Passage Educational Center
Charter - 9 to 12
Rating
School
Distance
Burbank Elementary School
PublicK to 5

Jefferson Leadership Academies School
Public6 to 8

Wilson High School
Public9 to 12

Clear Passage Educational Center
Charter9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 2009 East 7th Street, Long Beach, CA 90804

2009 East 7th Street is a multi-family home for sale in Long Beach, CA 90804. This property was listed for sale on May 5, 2025 by Mike Marcu, Broker, it's currently listed at $4,250,000. This listing's school district is Long Beach Unified School District. Nearby schools include Burbank Elementary School, Jefferson Leadership Academies School and Wilson High School. 2009 East 7th Street is a 6-bed, 26-bath, 17,730 sqft multi-family home built in 1959.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Mike Marcu, Broker, Mike Marcu, DRE #00919594

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.