2415 E 7th St
Description
Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unit apartment building, listed at $1,399,000, offers the ultimate in location and income potential, with the beach a mere seven blocks away – perfect for enjoying sun, surf, and seaside strolls. The property boasts a desirable unit configuration, including a charming...Prime East Side Long Beach - Coastal Gem: 5-Unit Investment Opportunity Blocks Away from the Sand! Asking $1,399,000
Seize the opportunity to own a piece of Long Beach's vibrant coastal landscape at 2415 7th Street. This outstanding 5-unit apartment building, listed at $1,399,000, offers the ultimate in location and income potential, with the beach a mere seven blocks away – perfect for enjoying sun, surf, and seaside strolls. The property boasts a desirable unit configuration, including a charming front 2-bedroom, 2-bathroom house complete with a 2-car garage and two extra parking spots. Ideal setup for owner occupant seeking cashflow. The rear structure houses four well-appointed units, consisting of studios and one-bedrooms, designed for broad appeal in Long Beach's thriving rental market. Property is well maintained with multiple upgrades and remodeling throughout. Added income is generated from the convenient on-site laundry room. Beyond its proximity to the Pacific Ocean, this address provides effortless access to an array of amenities. Residents will appreciate the short distance to California State University, Long Beach (CSULB), as well as the eclectic mix of restaurants, boutiques, and entertainment found along the renowned 4th Street corridor. Embrace the quintessential Long Beach lifestyle in this exceptional income-generating property. Easy show and sell.
Property Details for 2415 East 7th Street
Property Details for 2415 East 7th Street
| Status | Active |
|---|---|
| MLS # | DW25153005 |
| Days on Market | 159 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Residential Income |
| Year Built | 1923 |
| Lot Size | 0.11 AC / 4,589 SF |
| County | Los Angeles County |
Location
Building Information for 2415 East 7th Street
Payment Calculator
$8,589 per month
30 year fixed, 6.28% Interest
$6,913
$1,676
$0
Property Information for 2415 East 7th Street
- Gross Income: $0
- Gross Scheduled Income: $120,156
- Net Operating Income: $80,411
- Number Of Rented Garages: 1
- Garage Income: $2,400
- Laundry Income: $1,500
- Other Income Description: Storage
- Other Income 1: $1,200
- Cap Rate: 5.7
- Operating Expense: $39,745
- Expense Year: $39,745
- Fuel Expense: $0
- Electric Expense: $0
- Insurance Expense: $0
- Professional Management Expense: $0
- Trash Expense: $0
- Water Sewer Expense: $0
- Total Expenses: $0
- Tax Tract Number: 1951
- Tax Census Tract: 5769.01
- Tax Lot: 11
- Community Features: Sidewalks
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: Individual Room
- Fireplace Features: None
- Fireplace Rooms: None
- Cooling: None
- Heating Type: Wall Furnace
- Heating: Wall Furnace
- Entry Location: Front
- Pool Features: None
- Pool Description: None
- Sign on Property: No
- Lot Features: 2-5 Units/Acre
- Land Use: Multi-Family
- Number Of Units: 5
- Land Lease: No
- Land Lease Type: Fee
- Levels: Two
- Water: Public
- Sewer: Public Sewer
- Water Source: Public
- Garage Spaces: 2
- Uncovered Spaces: 2
- Open Other Spaces Total: 2
- Parking Garage Spaces: 2
- Carport Spaces: 0
- Builders Tract Name: Other
- Builders Tract Code: Other (OTHR)
- Building Status: Existing
- Asset Class: Multi-Family
- Unit Type Units Total: 1
- Unit Type Beds Total: 2
- Unit Type Baths Total: 2
- Unit Type Furnished: Unfurnished
- Unit Type Garage Spaces: 2
- Unit Type Actual Rent: $2,500
- Unit Type Total Rent: $2,500
- Unit Type Pro Forma: 2720
- Unit Type Type: 1
- Unit Type Units Total: 1
- Unit Type Beds Total: 1
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,695
- Unit Type Total Rent: $1,695
- Unit Type Pro Forma: 1844
- Unit Type Type: 2
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,943
- Unit Type Total Rent: $1,943
- Unit Type Pro Forma: 2114
- Unit Type Type: 3
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,700
- Unit Type Total Rent: $1,700
- Unit Type Pro Forma: 1850
- Unit Type Type: 4
- Unit Type Units Total: 1
- Unit Type Beds Total: 0
- Unit Type Baths Total: 1
- Unit Type Garage Spaces: 1
- Unit Type Actual Rent: $1,750
- Unit Type Total Rent: $1,750
- Unit Type Pro Forma: 1750
- Unit Type Type: 5
- Number Of Units Leased: 5
- Rent Controlled: Yes
- Number Of Buildings: 2
- Number Of Separate Electric Meters: 5
- Number Of Separate Gas Meters: 5
- Number Of Separate Water Meters: 1
Property History for 2415 East 7th Street
| Date | Event & Source | Price | Appreciation |
|---|---|---|---|
| Jul 18, 2025 | Listed (Active) CRMLS #DW25162596 | $1,399,000 | — |
| Jul 9, 2025 | Listed (Active) CRMLS #DW25153005 | $1,399,000 | — |
| Jul 8, 2025 | Listed (Active) CLAW #DW25162596MR | $1,399,000 | — |
| May 28, 2025 | Expired CRMLS #PW24240535 | — | |
| May 27, 2025 | Expired SDMLS #PW24240535 | $1,450,000 | — |
| May 27, 2025 | Expired CLAW #PW24240535MR | $1,450,000 | — |
| Nov 27, 2024 | Listed (Active) SDMLS #PW24240535 | $1,450,000 | — |
| Nov 27, 2024 | Listed (Active) CLAW #PW24240535MR | $1,450,000 | — |
| Nov 27, 2024 | Listed (Active) CRMLS #PW24240535 | $1,450,000 | — |
| Jul 10, 2020 | Sold CRMLS #PW20135874 | $1,373,500 | — |
| Jul 10, 2020 | Pending CRMLS #PW20135874 | — | |
| Jul 10, 2020 | Listed (Active) CRMLS #PW20135874 | $1,373,500 | — |
| Jul 10, 2020 | Sold CLAW #PW20135874MR | $1,373,500 | — |
| Jul 10, 2020 | Sold SDMLS #PW20135874 | $1,373,500 | — |
| Jul 10, 2020 | Pending CLAW #PW20135874MR | — | |
| Jul 10, 2020 | Pending SDMLS #PW20135874 | — | |
| Jul 10, 2020 | Listed (Active) CLAW #PW20135874MR | $1,373,500 | — |
| Jul 10, 2020 | Listed (Active) SDMLS #PW20135874 | $1,373,500 | — |
| May 22, 2020 | Sold (Public Record) Public Record #670175109 | $1,373,500 | +12.1% / yr |
| May 4, 2017 | Sold (Public Record) Public Record #599078298 | $970,000 | +9.6% / yr |
| Dec 30, 2015 | Sold SDMLS #PW15232577 | $850,000 | — |
| Dec 30, 2015 | Sold CRMLS #PW15232577 | $850,000 | — |
| Dec 30, 2015 | Sold CLAW #PW15232577MR | $850,000 | — |
| Dec 5, 2015 | Pending CRMLS #PW15232577 | — | |
| Dec 5, 2015 | Pending CLAW #PW15232577MR | — | |
| Nov 25, 2015 | Sold (Public Record) Public Record #562741999 | $850,000 | +23.5% / yr |
| Oct 22, 2015 | Listed (Active) SDMLS #PW15232577 | $999,000 | — |
| Oct 22, 2015 | Listed (Active) CLAW #PW15232577MR | $999,000 | — |
| Oct 22, 2015 | Listed (Active) CRMLS #PW15232577 | $999,000 | — |
| Jul 6, 2011 | Sold CRMLS #P771436 | $325,000 | — |
| Jul 6, 2011 | Sold CLAW #P771436MR | $325,000 | — |
| May 5, 2011 | Sold (Public Record) Public Record #311149054 | $325,000 | — |
| Apr 17, 2011 | Pending CLAW #P771436MR | — | |
| Apr 17, 2011 | Pending CRMLS #P771436 | — | |
| Feb 23, 2011 | Listed (Active) CLAW #P771436MR | $400,000 | — |
| Feb 23, 2011 | Listed (Active) CRMLS #P771436 | $400,000 | — |
| Date | Event & Source | Price |
|---|---|---|
| 07/18/2025 | Listed (Active) CRMLS #DW25162596 | $1,399,000 |
| 07/09/2025 | Listed (Active) CRMLS #DW25153005 | $1,399,000 |
| 07/08/2025 | Listed (Active) CLAW #DW25162596MR | $1,399,000 |
| 05/28/2025 | Expired CRMLS #PW24240535 | — |
| 05/27/2025 | Expired SDMLS #PW24240535 | $1,450,000 |
| 05/27/2025 | Expired CLAW #PW24240535MR | $1,450,000 |
| 11/27/2024 | Listed (Active) SDMLS #PW24240535 | $1,450,000 |
| 11/27/2024 | Listed (Active) CLAW #PW24240535MR | $1,450,000 |
| 11/27/2024 | Listed (Active) CRMLS #PW24240535 | $1,450,000 |
| 07/10/2020 | Sold CRMLS #PW20135874 | $1,373,500 |
| 07/10/2020 | Pending CRMLS #PW20135874 | — |
| 07/10/2020 | Listed (Active) CRMLS #PW20135874 | $1,373,500 |
| 07/10/2020 | Sold CLAW #PW20135874MR | $1,373,500 |
| 07/10/2020 | Sold SDMLS #PW20135874 | $1,373,500 |
| 07/10/2020 | Pending CLAW #PW20135874MR | — |
| 07/10/2020 | Pending SDMLS #PW20135874 | — |
| 07/10/2020 | Listed (Active) CLAW #PW20135874MR | $1,373,500 |
| 07/10/2020 | Listed (Active) SDMLS #PW20135874 | $1,373,500 |
| 05/22/2020 | Sold (Public Record) Public Record #670175109 | $1,373,500 +12.1% / yr |
| 05/04/2017 | Sold (Public Record) Public Record #599078298 | $970,000 +9.6% / yr |
| 12/30/2015 | Sold SDMLS #PW15232577 | $850,000 |
| 12/30/2015 | Sold CRMLS #PW15232577 | $850,000 |
| 12/30/2015 | Sold CLAW #PW15232577MR | $850,000 |
| 12/05/2015 | Pending CRMLS #PW15232577 | — |
| 12/05/2015 | Pending CLAW #PW15232577MR | — |
| 11/25/2015 | Sold (Public Record) Public Record #562741999 | $850,000 +23.5% / yr |
| 10/22/2015 | Listed (Active) SDMLS #PW15232577 | $999,000 |
| 10/22/2015 | Listed (Active) CLAW #PW15232577MR | $999,000 |
| 10/22/2015 | Listed (Active) CRMLS #PW15232577 | $999,000 |
| 07/06/2011 | Sold CRMLS #P771436 | $325,000 |
| 07/06/2011 | Sold CLAW #P771436MR | $325,000 |
| 05/05/2011 | Sold (Public Record) Public Record #311149054 | $325,000 |
| 04/17/2011 | Pending CLAW #P771436MR | — |
| 04/17/2011 | Pending CRMLS #P771436 | — |
| 02/23/2011 | Listed (Active) CLAW #P771436MR | $400,000 |
| 02/23/2011 | Listed (Active) CRMLS #P771436 | $400,000 |
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 2415 East 7th Street
Schools near 2415 East 7th Street
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| 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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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 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 Keller Williams Pacific Estates, Julio Bonilla, DRE #01281205
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.