Listing provided courtesy of Mike Marcu of Mike Marcu, Broker. Last updated 2025-09-27 08:11:53.000000. Listing information © 2025 Sandicor.
Asking Price: $4,499,000 |
2009 7th, Long Beach CA 90804
Community: 3 - Eastside, Circle Area
This Apartment property was built in 1959 and is priced at $4,499,000. Please see the additional details below.
This is a 26-unit value-add mixed-use offering in Long Beach. The two-building property, which totals approximately 17,730 square feet, is in the Historic Rose Park District on the northeast corner of 7th Street and Cherry Avenue. It comprises 8 retail spaces, one studio, 12 one-bedroom apartments, and 5 two-bedroom apartments.
With approximately 20% rental upside to capture, with some renovations and operational improvements, the asking price of $4,995,000 presents an attractive stabilized capitalization rate exceeding 6% on a prime corner location.
