1089 E 7th Street, Long Beach, CA 90813 (MLS # 26870317)
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50% VACANT LONG BEACH FOURPLEX! Exceptional opportunity for an investor or owner-user at 1089 E. 7th Street. This approximately 3,020 SF quadruplex features two 2BR/1BA and two 1BR/1BA units, with two units currently vacant, providing immediate flexibility to renovate, reposition, and establish new rental income. Existing occupied rents are $2,300 for a 2BR and $1,700 for a 1BR. Applying those existing rents to the comparable vacant unit types indicates approximately $96,000 in annual stabilized gross scheduled income before consideration of additional market-rent upside. Located along Long Beach's historic 7th Street corridor within the original Coughran Tract. Offered at $1,399,900, approximately $349,975/unit. A compelling opportunity to acquire a fourplex where the buyer can immediately control 50% of the units while benefiting from existing income. Buyer to Cooperate with a 1031 Exchange.
| DAYS ON MARKET | 1 | LAST UPDATED | 8/9/2026 |
|---|---|---|---|
| TRACT | The Coughran Tract | YEAR BUILT | 1922 |
| COMMUNITY | 4 - Downtown Area, Alamitos Beach | COUNTY | Los Angeles |
| STATUS | Active | PROPERTY TYPE(S) | Residential Income |
| ADDITIONAL DETAILS | |
| AIR | None |
|---|---|
| AREA | 4 - Downtown Area, Alamitos Beach |
| CONSTRUCTION | Stucco |
| HEAT | Natural Gas |
| LOT | 2592 sq ft |
| LOT DESCRIPTION | Corners Marked, Rectangular Lot |
| LOT DIMENSIONS | 2592 |
| PARKING | On Street |
| SEWER | Other |
| STORIES | 2 |
| STYLE | Traditional |
| SUBDIVISION | The Coughran Tract |
| VIEW DESCRIPTION | None |
TOTAL MONTHLY PAYMENT
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