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Millman Team Real Estate

$4,250,000
0.14 Acre Lot

2009 E 7th Street, Long Beach, California 90804

  • Commercial Sale Property Type
  • 1959 Year Built
Property 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.

Basic Details
Commercial Sale
For Sale
26742463
$4,250,000
1959
0.14 Acre
Active
Features
$0
Address Map
CA
Los Angeles
Long Beach
90804
7th
2009
Street
W119° 49' 57.6''
N33° 46' 32.3''
NEC 7th Street & Cherry Avenue
3 - Eastside, Circle Area
E
LBCCA
Additional Information
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$0
$0
$0
$0
6516
26
2026-04-16
2
: Public
Broker/Agent Information
Beverly & Company Luxury Properties
Andrei Rafols
Listing Information
Charles Osborne
SWOSBOCHA
SWBECO
Beverly and Company
CLW-C125375
CLW-X8240603
Conventional
Active
2026-06-15T20:00:16Z
CRMLS
: Standard
2026-04-16T00:00:00Z
Agent info
Ray Millman
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