733 E 7th St

4
Baths
4,842 Sq. Ft.
$238 / Sq. Ft.
4,842
Sq. Ft.
$238
per Sq. Ft.

Description

50K Price Reduction Large units, make this bread and butter property a valueable additional to any portfolio. Close the heart of downtown, means good access, to the beach, shopping, transportation, and dining. Great price per unit, fantastic price per square foot, low GRM, and good cash flow make this 4 Unit building a fantastic property. Boasting average unit sizes of over 1,200 square feet with two 3 bedroom 1 bath units, and two 4 bedroom 1 bath units, along with 2 garages, the building layout...50K Price Reduction Large units, make this bread and butter property a valueable additional to any portfolio. Close the heart of downtown, means good access, to the beach, shopping, transportation, and dining. Great price per unit, fantastic price per square foot, low GRM, and good cash flow make this 4 Unit building a fantastic property. Boasting average unit sizes of over 1,200 square feet with two 3 bedroom 1 bath units, and two 4 bedroom 1 bath units, along with 2 garages, the building layout offers lots of space. Washer and dryer hook ups and Seperately metered for gas, and electric. Don't miss this amazing opportunity for immediate cash flow.
  1. Listed by Wade Tettenburn • DRE #01246595 • Brokerage DRE #01300879 • Palazzo Realty Inc. • 562-400-0091

Property Details for 733 East 7th Street

Parking Spaces Total
2
Private Pool
No
Cooling Type
None
Total Units
4.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
4842
Assessor Parcel Number
7274-020-018
LISTING UPDATED: 01/14/2025 03:02 AM

Property Details for 733 East 7th Street

StatusClosed
MLS #PW24076609
Days on Market31
Taxes-
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential Income
Year Built1918
Lot Size0.12 AC / 5,413 SF
CountyLos Angeles County

Location

Listing Courtesy of Palazzo Realty Inc., Wade Tettenburn, DRE #01246595

Sold By Coldwell Banker Quality Properties, Jose Contreras, DRE #01742181

Add your commute

Building Information for 733 East 7th Street

Stories2Residences-Year Built1918Building Size-Lot Size0.12 AC / 5,413 SF

Payment Calculator

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OriginPoint Mortgage or Rocket Mortgage1

$6,391 per month

30 year fixed, 6.36% Interest

Principal and Interest

$5,731

Property Taxes

$660

HOA Dues

$0

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Property Information for 733 East 7th Street

Rental Info
Rental Info
  • Tenant Pays: Electricity, Gas, Trash Collection
Income / Expense / Tax Details
Income Details
  • Gross Income: $0
  • Gross Scheduled Income: $110,640
  • Vacancy Allowance Rate: 3
  • Net Operating Income: $71,916
  • Gross Multiplier: 11.51
  • Current Financing: Conventional
  • Financing: Cash
Expense Details
  • Operating Expense: $38,724
  • Operating Expense Percent: 35.00%
  • Fuel Expense: $0
  • Electric Expense: $0
  • Insurance Expense: $0
  • Trash Expense: $0
  • Water Sewer Expense: $0
  • Total Expenses: $0
Tax / Assessment Info
  • Tax Block: 26
  • Tax Tract Number: 576302
  • CFD/Mello-Roos Fee: $0
  • Tax Lot: 4
Community / Development
Community / Development
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: None
  • Heating Type: Wall Furnace
  • Heating: Wall Furnace
Exterior Features
  • Entry Location: Street
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Pool Heat: N/K
Land/Lot Info
  • Lot Features: 0-1 Unit/Acre
  • Number Of Units: 4
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Utilities: Water Connected
  • Electric: Water Connected
  • Water Source: Public
Parking Info
  • Garage Spaces: 2
  • Parking: Yes
  • Parking Garage: Garage - 1 Car
  • Parking Garage Spaces: 2
  • Carport Spaces: 0
  • Parking Features: Garage - Single Door
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: 3
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,050
  • Unit Type Total Rent: $2,050
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,175
  • Unit Type Total Rent: $2,175
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 4
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Actual Rent: $2,495
  • Unit Type Total Rent: $2,495
  • Unit Type Pro Forma: 2495
  • Unit Type Type: 3
Unit 4
  • 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: $0
  • Unit Type Total Rent: $2,500
  • Unit Type Pro Forma: 2500
  • Unit Type Type: 4
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 0

Property History for 733 East 7th Street

DateEvent & SourcePriceAppreciation
Jan 13, 2025

Sold

SDMLS #PW24076609

$1,150,000—
Jan 13, 2025

Sold

CLAW #PW24076609MR

$1,150,000—
Jan 13, 2025

Sold

CRMLS #PW24076609

$1,150,000—
DateEvent & SourcePrice
01/13/2025

Sold

SDMLS #PW24076609

$1,150,000
01/13/2025

Sold

CLAW #PW24076609MR

$1,150,000
01/13/2025

Sold

CRMLS #PW24076609

$1,150,000

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

Public Records for 733 East 7th Street

Taxable ValueLand$103,399Additions$435,792Total$539,191
Tax Record2025$7,925 ($660 / month)
Home Facts
Total Finished SqFt4,842 SqFtAbove Grade Finished SqFt4,842 SqFtLot Size5,413 SqFtStyleQuadraplexYear Built1918ZoningLBCOCountyLOS ANGELESAPN7274-020-018

Schools near 733 East 7th Street

This home is within Long Beach Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Stevenson Elementary School
PublicK to 5

Franklin Classical Middle School
Public6 to 8

Polytechnic High School
Public9 to 12

Renaissance High School For The Arts
Public9 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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Listing Courtesy of Palazzo Realty Inc., Wade Tettenburn, DRE #01246595

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.