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1242 E 7th StLong Beach, CA 90813

Los Angeles County

$1,150,000List price
2,875Sq Ft
1911Year built
0.18Acre lot
5Garage
2Stories
7 months agoOn market

Description

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.

Property Information

Property type
Residential Income
Sub-type
Apartment
Year built
1911
Stories
2
Building area
2,875 Sq Ft
Lot size
0.18 acres
Garage spaces
5
Parking spaces
10
Zoning
LBCNR
Days on market
226
MLS® Listing#
PW26065037

Property Features

Cooling
Wall/Window Unit(s)
Fireplace
None
Pool
None
Laundry
Common Area
Community
Curbs · Golf · Park · Sidewalks
Sewer
Public Sewer
Water source
Public

Financial Details

Annual taxes
$17,976Tax year 2026
Parcel number
7266012003

Directions

7th St in between Orange Ave & Almond Ave

Listing Courtesy: Younglewin Advisors, Inc. - 562-266-7629

Presented by: Daniel Gomez and Shane Young

Based on information from California Regional Multiple Listing Service, Inc. as of 2026-03-25T00:00:00.000Z and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Licensed in the state of California.

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