Six-Unit Apartment
2123 E 7th St, Long Beach, CA 90804
For Sale
$1,325,000
Three separate structures include a fourplex, detached residences, garages, and surface parking on an oversized lot.
Property Size4,428 SF
Days on Market99
Property Features for 2123 E 7th St
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Units
Unit Mix
Multifamily Units
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Younglewin Advisors, Inc.
Listed By:
Shane Young · License CA #01963090
(562) 556-1118
Source:
Younglewin
Added: Aug 8
Changed: Nov 13
Last Checked: Nov 12 at 4:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Younglewin Advisors, Inc.
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Investment Insights
Based on property information with market context.
This six-unit apartment property comprises three separate structures on an oversized lot: a fourplex and two detached units. The unit mix includes four 2 Bed/1 Bath residences and two 1 Bed/1 Bath residences. Two single-car garages and additional surface parking are included. Built in 1923, the property also features a roof installed in 2020, and all SB721 balcony work is complete. The source information also identifies potential for a garage conversion to an ADU or additional units above.
The property is at 2123 E 7th St in Long Beach’s Rose Park area, with access to Alamitos Beach, the 4th Street dining and retail corridor, Downtown Long Beach, and CSULB. Beach access is also noted.
The property is at 2123 E 7th St in Long Beach’s Rose Park area, with access to Alamitos Beach, the 4th Street dining and retail corridor, Downtown Long Beach, and CSULB. Beach access is also noted.
Key Highlights
- Six units across a fourplex and 2 detached structures
- Unit mix includes four 2 Bed/1 Bath units and two 1 Bed/1 Bath units
- Oversized lot with 2 single‑car garages and surface parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$84,679
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,580
$1.7M
Cap Rate 7%
$1,209,700
$1.2M
Cap Rate 9%
$940,878
$940.9K
Market Conditions
NOI Build-Up for 4,428 SF
Gross rent
$162.1K $36.60/SF
− Vacancy
−$8.1K −$1.83/SF
EGI
$154.0K $34.77/SF
− OpEx
−$69.3K −$15.65/SF
NOI
$84.7K $19.12/SF
Area
Long Beach, CA
Vacancy
5.00%
Lease Rate
$36.60 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,693,580
Cap Rate 7%
$1,209,700
Cap Rate 9%
$940,878
Alternative Uses
Best Use
Apartment 5plus
$1.21M
$1.06M – $1.41M
NOI $84,679 @ 7.0% cap · market cap 6.39%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.37M
$2.07M – $2.77M
NOI $165,951 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
6
Residential units
Location Intelligence
Trade Area within ½ mile
2,089
Businesses Nearby
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Business Placement
Demographics for 90804, CA
39,370
Population
15,998
Households
2.5
Avg Household Size
33
Median Age
30%
College-Educated
75%
High-School Grad
2.2 sq mi
ZIP Area
17,895
Density / Sq Mi
$68,940
Median Household Income
$38,914
Median Earnings
$1,801
Median Rent
$673,600
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Long Beach, CA
Properties on Market for Apartment buildings in Long Beach
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Three separate structures include a fourplex, detached residences, garages, and surface parking on an oversized lot.
Where is this apartment building located?
The property is located at 2123 E 7th St Long Beach, CA.
What is the asking price?
The asking price for this property is $1,325,000.
What are key features of this property?
This property features: Six units across a fourplex and 2 detached structures; Unit mix includes four 2 Bed/1 Bath units and two 1 Bed/1 Bath units; Oversized lot with 2 single‑car garages and surface parking
