1242 E 7th St, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Town Center
1242 E 7th St,Long Beach, CA 90813
$1,150,000
- - Beds
- - Baths
- 2,875 sq. ft.
- Multi-family
- Active
Listed by: daniel gomez, shane young
Office: younglewin advisors, inc.562-318-0215
MLS#:PW26065037
Source:CRMLS
Price summary
- Price:$1,150,000
- Price per sq. ft.:$400
About this home
HUGE PRICE ADJUSTMENT, MOTIVATED SELLER. Presenting 1242 E. 7th Street, Long Beach, a 3-unit multifamily property with a non-conforming bonus unit offering four income streams in one of Long Beach's most accessible and desirable coastal-adjacent neighborhoods, located less than one mile from Alamitos Beach. The true headline here is the development upside: the property sits on a generous 8,022 SF lot zoned CNR, a flexible bonus-density designation that supports a higher-density mix of residential uses than standard zoning, with access to Long Beach's Enhanced Density Bonus program and significant ADU expansion potential via SB 1211, California's most aggressive multi-family ADU law, which allows one detached ADU for every primary unit on site. For ADU enthusiasts, this lot is a dream come true. The lot size, zoning, and garage footprint check every box for maximizing ADU potential under current California law, making this one of the most ADU-friendly opportunities to hit the Long Beach market. The five detached garages and private laundry room, newly constructed in 2003, further add to the long-term redevelopment potential and additional income opportunities. Combined, these tools create a credible path to dramatically increasing the unit count and long-term asset value. Built in 1911, the property retains its original Craftsman-era character, underwent a full electrical rewire in 2003, and has seen interior upgrades across the units over the years. With a Walk Score of 92 and Bike Score of 90, residents enjoy effortless access to Alamitos Beach, Belmont Shore, Retro Row, and Downtown Long Beach, all just minutes away....
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Home facts
- Year built:1911
- Listing ID #:PW26065037
- Added:63 day(s) ago
- Updated:May 28, 2026 at 03:34 AM
Rooms and interior
- Living area:2,875 sq. ft.
Heating and cooling
- Cooling:Wall Window Units
Structure and exterior
- Year built:1911
- Building area:2,875 sq. ft.
- Lot area:0.18 Acres
- Levels:2 Story
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,150,000
- Price per sq. ft.:$400
- Tax amount:$17,976 (2026)
Parking
- Total parking spaces:10
- Garage:Yes
- Garage spaces:5
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