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1242 E 7th Street

Long Beach, CA 90813

– beds
– baths
– sqft
8,022 sqft lot
1911 build
– on site

Located at 1242 E 7th St., Long Beach, CA, this beautiful turnkey 4-unit Craftsman property offers a prime investment or owner-user opportunity in a vibrant, centrally located North Alamitos Beach 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. 4th Unit approval eminent.

Listed By CRMLS_CA / Stelios Zoumberakis / Keller Williams Coastal Prop. / stelios@szcre.com

Last checked: Checking… • Last updated Jan 22, 2025 •

MLS# PW25014615 —

The Building

Year Built:

1911
Year Built Source:

Public Records
New Construction:

No
Building Area Total:

2875.00
Building Area Units:

Square Feet
Total Number Of Units:

4
# of Buildings:

2
Stories Total:

2
Entry Level:

1
Number With Patio:

2
Common Walls:

2+ Common Walls
# of Separate Gas Meters:

5
# of Separate Water Meters:

1
# of Separate Electric Meters:

5

Interior

Levels:

Two
Entry Location:

1
Number Wall AC:

4
Laundry:

Common Area
Laundry:

1

Location

Directions:

7th St between Almond Ave and Orange Ave.
Latitude:

33.77500000
Longitude:

-118.17521800

The Property

Property Type:

Residential Income
Subtype:

Quadruplex
Property Condition:

Updated/Remodeled
Zoning:

LBCNR
Lot Features:

Back Yard, Rectangular Lot, Level, Near Public Transit
Lot Size Area:

8022.0000
Lot Size Acres:

0.1842
Lot Size SqFt:

8022.00
Lot Size Source:

Assessor
Property Attached:

1
Additional Parcels:

No
Land Lease:

No

Listing Agent

Contact info:

Taxes

Tax Block:

1
Tax Census Tract:

5765.02
Tax Tract:

N/A
Tax Lot:

3

The Listing

Special Listing Conditions:

Standard
Parcel Number:

7266012003

Utilities

Sewer:

Public Sewer
Water Source:

Public

The Community

Subdivision:

Alamitos Beach (AB)
Subdivision:

Alamitos Beach (AB)
Features:

Curbs, Dog Park, Golf, Hiking, Gutters, Park, Sidewalks, Street Lights, Suburban
Pool:

None
Senior Community:

No
Private Pool:

No

Parking

Parking Spaces:

5.00
Garage Spaces:

5.00

Extra Units

Average 1 Bed Area:

600
Average 2 Bed Area:

750
Average 3 Bed Area:

775
Number With Refrigerator:

4

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
1/21/25 Jan 21, 2025	Listed / Active	CRMLS_CA	$1,800,000	26.8% (11.9% / YR)
10/25/22 Oct 25, 2022		CRMLS_CA	$1,420,000	-5.0%
9/2/22 Sep 2, 2022		CRMLS_CA	$1,495,000

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This multifamily located in North Alamitos Beach, Long Beach, CA 90813 is currently for sale for $1,800,000. 1242 E 7th Street is a – square foot multifamily with – beds and – baths that has been on Estately for 1 days. 1242 E 7th Street is in the North Alamitos Beach neighborhood of Long Beach and has a WalkScore® of 92, making it a walker’s paradise. This multifamily is in the attendance area of Franklin Classical Middle School, Polytechnic High School, and Stevenson Elementary School.

Listing Courtesy of: CRMLS_CA and Keller Williams Coastal Prop.. Based on information from California Regional Multiple Listing Service, Inc. as of 08:34 on Jan 22.

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.