Mixed-Use Property with Vacant Retail
New
For Sale
$1,250,000
337 E 7th, Long Beach, CA 90813
A vacant commercial unit accompanies two occupied residential rentals, with the site in the PD-30 planning district.
Property Size2,049 SF
Lot Size0.17 Acres
Price / SF$610.05
Days on Market3
Property Features for 337 E 7th
General Information
Standard status
Active
Size
2,049 SF
Lot size
0.17 Acres
Property subtype
Commercial
Zoning
PD-30
Additional Details
Road Access
Yes
Multifamily Units
2
Building Details
Building Size
2,049 SF
Year Built
1895
Buildings
2
Tenancy
Multi
Listing Agency:
Coldwell Banker Best Realty
Listed By:
William Kahng · License #02036826
(714) 451-1700
Source:
Elliman
Added: Oct 12
Changed: Oct 13
Last Checked: Oct 13 at 2:22AM
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 Coldwell Banker Best Realty
Investment Insights
Based on property information with market context.
Two buildings provide approximately 2,049 SF of improvements on a 7,561 SF parcel. The vacant commercial space at the front comprises approximately 1,000 SF, while the rear portion contains two occupied residential rentals on month-to-month leases. The commercial unit is also available for lease.
The property is near Downtown Long Beach, with nearby Carl’s Jr. and McDonald’s and access to Long Beach Boulevard, downtown dining and shopping, and waterfront attractions. Scores are 97 for walking, 87 for biking, and 73 for transit.
Preliminary City information places the site in the PD-30 planning district and reports a 150-foot maximum height, 5.0 floor area ratio, and parking exemption. Applying that FAR to the lot area indicates approximately 37,805 square feet of potential floor area, subject to regulations, design, and City approval.
The property is near Downtown Long Beach, with nearby Carl’s Jr. and McDonald’s and access to Long Beach Boulevard, downtown dining and shopping, and waterfront attractions. Scores are 97 for walking, 87 for biking, and 73 for transit.
Preliminary City information places the site in the PD-30 planning district and reports a 150-foot maximum height, 5.0 floor area ratio, and parking exemption. Applying that FAR to the lot area indicates approximately 37,805 square feet of potential floor area, subject to regulations, design, and City approval.
Key Highlights
- Two buildings with approximately 2,049 SF of improvements on a 7,561 SF lot
- Vacant front commercial space measures approximately 1,000 SF
- Two occupied residential rentals are leased month‑to‑month
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,401
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,020
$868.0K
Cap Rate 7%
$620,014
$620.0K
Cap Rate 9%
$482,233
$482.2K
Market Conditions
NOI Build-Up for 2,049 SF
Gross rent
$82.4K $40.20/SF
− Vacancy
−$3.5K −$1.69/SF
EGI
$78.9K $38.51/SF
− OpEx
−$35.5K −$17.33/SF
NOI
$43.4K $21.18/SF
Area
ZIP 90813
Vacancy
4.20%
Lease Rate
$40.20 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$868,020
Cap Rate 7%
$620,014
Cap Rate 9%
$482,233
Alternative Uses
Best Use
Apartment 5plus
$620.0K
$542.5K – $723.4K
NOI $43,401 @ 7.0% cap · market cap 3.47%
Second Best
Mixed Use
$494.0K
$432.2K – $576.3K
NOI $34,577 @ 7.0% cap · market cap 2.77%
Theoretical Best
Multifamily LT 5
$672.8K
$588.7K – $784.9K
NOI $47,096 @ 7.0% cap · market cap 3.77%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
5,460
Businesses Nearby
Explore this area
Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - A vacant commercial unit accompanies two occupied residential rentals, with the site in the PD-30 planning district.
Where is this mixed-use property located?
The property is located at 337 E 7th Long Beach, CA.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: Two buildings with approximately 2,049 SF of improvements on a 7,561 SF lot; Vacant front commercial space measures approximately 1,000 SF; Two occupied residential rentals are leased month‑to‑month
