$3,999,999
( $613.87Per Sq Foot )
 $21,473 est/mo Sourced by Back At You

2009 E 7th Street,Long Beach, CA 90804

Long Beach, CA 90804

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Description

Exceptional value-add opportunity in one of Long Beach's most sought-after, walkable neighborhoods now enhanced by a highly attractive assumable loan at a favorable 4.58% interest rate, offering significant financing upside in today's market. This two-parcel mixed-use corner investment is prominently positioned at the high-visibility intersection of 7th Street and Cherry Avenue in the Historic Rose Park District, just minutes from the beach (approximately 10 minutes)a prime coastal location that continues to attract both residents and businesses.Long Beach is also set to take center stage as a major venue city for the 2028 Summer Olympics, hosting 11 Olympic events more than any city outside of Los Angeles . With global attention, infrastructure improvements, and increased tourism on the horizon, the area is poised for accelerated growth and long-term appreciation. The two-building portfolio features seven ground-floor commercial retail suites and nineteen residential apartments, delivering a diverse unit mix and multiple income streams. Established long-term tenants anchor both the commercial and residential components, providing immediate, predictable cash flow from day one. The retail spaces have historically maintained strong occupancy, while the residential units present additional upside through repositioning and rent growth. This is a rare opportunity to acquire a premier corner mixed-use asset in one of Long Beach's most desirable, high-demand submarkets combining in-place income, below-market assumable financing, proximity to the coast, and the powerful upside driven by the upcoming Olympics.

Details

MLS #26742463
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1959
Days On Site140
Listing Provided ByBeverly & Company Luxury Properties | Andrei Rafols

Features

SQ Feet6,516
Story(s)2
Units26
Building(s)2
ZoningLBCCA
Acreage0.14

Area Information

StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$3,999,999
low | high
Med:
$699,000
100% of Average
sqft:
6,516
low | high
Med:
1,000
100% of Average
$ / sqft:
$614
low | high
Med:
$699
36.132871533218% of Average
On site:
140
low | high
Med:
100
100% of Average
Sourced by Back At You

Market Activity 90804

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Learn More About This Property

Stephen Jacobs

Stephen Jacobs

Desert Lifestyle Properties

00927784Accredited Buyer Representative, Resort Certification, Green Designated (760) 413-0117stephen@withaph.com
StateCA
CountyLos Angeles
CityLong Beach
Zip Code90804
Area3 Eastside | Circle Area
Listing VS Median (in 90804)
Price:
$3,999,999
low | high
Med:
$699,000
100% of Average
sqft:
6,516
low | high
Med:
1,000
100% of Average
$ / sqft:
$614
low | high
Med:
$699
36.132871533218% of Average
On site:
140
low | high
Med:
100
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.999M - $4.999M
sqft: 4,500 - 8,000
Nearby Listings Property ImageNearby Listings Details
755 Gaviota Avenue Property Photo 1
$2,875,000
755 Gaviota Avenue
Long Beach, CA 90813
Listing Updated: August 26, 2026 at 2:24:08 PM PDT

Stephen Jacobs - Desert Lifestyle Properties