4141 7th Street, Long Beach
Long Beach Home For Sale
Explore the potential of this mixed-use property located in the highly sought-after Belmont Heights, an ideal choice for an owner-user or investor. This unique lot features both commercial and residential spaces that are in turn-key/like new condition. The front unit, addressed as 4141, offers approximately 550 sq. ft. of office or retail space. Currently rented at $3,000 per month, which is below market value, it includes a main room, a full bath, a kitchenette, and two additional rooms. This unit can also be rezoned to residential with some city-mandated "egress" modifications. The rear unit, addressed as 4147, is a cozy single-family home with two bedrooms and one bathroom, spanning approximately 571 sq. ft. residential unit backs up to Greenbelt Park and is very quiet with no immediate neighbors. It has been successfully utilized as an Airbnb, generating gross rents of approximately $82,000 in 2023, which averages just under $7,000 per month. Both units combined generate an average rental income of $10,000 per month before expenses. Both units can be delivered vacant of tenants. The list price includes the real estate, all contents, furnishings, appliances, artwork, kitchen utensils, the business LLC (Pilgrim's Way under which the Airbnb operates), and the City’s STR (Short Term Rental) license, which is renewed annually. Each unit has separate meters for electric and gas, enhancing their independence. Located just a few blocks from Blair Field, Recreation Park, Alamitos Heights Park, and within easy reach of local markets, stores, shops, restaurants, and the beach, this property offers both convenience and significant income potential. Situated conveniently between the units are four parking spaces. The property is being sold "AS IS" and "WHERE IS," with buyers encouraged to conduct their own investigations. Property is also listed under Residential Income MLS #SB24093615
Property Details
Additional Information
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- City:
- Long Beach
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- County:
- Los Angeles
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- Zip:
- 90804
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- MLS® #:
- SB24092079
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- Lot Size:
- 0.06
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- HOA Dues:
- $
Based on information from California Regional Multiple Listing Service, Inc. as of July 25th, 2024 at 3:25am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.