1242 E 7th Street
Long Beach, CA 90813
- 8 beds
- – baths
- 2,875 sqft
- 8,022 sqft lot
- $587 per sqft
- 1911 build
- – on site
Price reduced over $100,000! Motivated seller! 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-u
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Last updated Apr 11, 2025
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MLS# CRPW25014615 —
This property is listed in more than one place. See it here.
The Building
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Year Built:1911
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Building Area Units:Square Feet
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Building Area Total:2875
Room Dimensions
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Living Area:2875
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Living Area Units:Square Feet
Location
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Directions:7th St between Almond Ave and Orange Ave.
The Property
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Property Type:Residential Income
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Property Subtype:Quadruplex
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Exterior Features:Back Yard
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Parcel Number:7266012003
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Zoning:LBCN
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Lot Features:Level
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Lot Size Area:0.18
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Lot Size Acres:0.18
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Lot Size SqFt:8022
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Lot Size Units:Acres
Listing Agent
- Contact info:
- No listing contact info available
Taxes
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Tax Tract:5765.02
Beds
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Bedrooms Total:8
The Listing
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Listing Terms:Cash
Appliances
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Laundry Features:Common Area
The Community
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Association:false
Parking
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Parking Total:5
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
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3/18/25
Mar 18, 2025
|
Price Changed | BRIDGE | $1,690,000 | -6.1% |
|
1/25/25
Jan 25, 2025
|
Listed / Active | BRIDGE | $1,800,000 | 26.8% (11.9% / YR) |
|
10/25/22
Oct 25, 2022
|
CRMLS_CA | $1,420,000 | -5.0% |
