1242 E 7th Street, Long Beach, CA 90813
Local realty services provided by:Better Homes and Gardens Real Estate Oak Valley



1242 E 7th Street,Long Beach, CA 90813
$1,690,000
- - Beds
- - Baths
- 2,875 sq. ft.
- Multi-family
- Active
Listed by:stelios zoumberakis
Office:keller williams coastal prop.
MLS#:PW25174476
Source:CRMLS
Price summary
- Price:$1,690,000
- Price per sq. ft.:$587.83
About this home
Located at 1242 E 7th St., Long Beach, CA, this turnkey 4-unit property offers a prime investment or owner-user opportunity in a vibrant, centrally located neighborhood. The property sits on a 8,000 sq. ft. lot and features a 2,875 sq. ft. building, delivering a mix of spacious and stylishly remodeled units.
The property includes one three-bedroom unit (~ 775 sq. ft.), two two-bedroom units (~750 sq. ft.), and one one-bedroom unit (~ 600 sq. ft.). Each unit has been completely remodeled, featuring modern interiors, updated kitchens and baths, and premium finishes, making this property a true turnkey investment.
This property offers significant value-add potential. The lot includes five garages, presenting an ideal opportunity for Accessory Dwelling Unit (ADU) conversion to maximize rental income. Additionally, the large lot size and layout provide ample space to build additional units. Other highlights include a long driveway and ample parking, a rare and desirable feature in urban multifamily properties. This makes the property particularly attractive to tenants and ensures strong occupancy rates.
For those considering living on-site, one unit is currently vacant, offering the perfect owner-user opportunity to live in one unit while collecting income from the others. Alternatively, the vacancy allows for immediate leasing at market rent, boosting cash flow.
With its modernized interiors, potential for expansion, and prime location near downtown Long Beach, this property is an excellent opportunity for investors and owner-users alike. Don’t miss out on this rare combination of current income and future upside. Contact us today for more information.
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Home facts
- Year built:1911
- Listing Id #:PW25174476
- Added:10 day(s) ago
- Updated:August 13, 2025 at 10:27 AM
Rooms and interior
- Living area:2,875 sq. ft.
Structure and exterior
- Roof:Shingle
- Year built:1911
- Building area:2,875 sq. ft.
- Lot area:0.18 Acres
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,690,000
- Price per sq. ft.:$587.83
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