1242 E 7th St,Long Beach, CA 90813
Long Beach, CA 90813
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.
Details
| MLS # | PW26065037 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| Sub-Type | Resale |
| Status | Active |
| Year | 1911 |
| Days On Site | 155 |
| Listing Provided By | Younglewin Advisors, Inc. | Daniel Gomez |
Features
| SQ Feet | 2,875 |
|---|---|
| Garage | 5 |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 2 |
| Zoning | LBCNR |
| Acreage | 0.18 |
| Golf Course | Yes |
Interior
| Cooling | Wall Window Units |
|---|---|
| Cooling Yes / No | Yes |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Zero To One Unit Acre |
|---|
Parking
| Garage Yes / No | Yes |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Location
| Community Features | Biking, Curbs, Dog Park, Golf, Hiking, Park, Sidewalks |
|---|
Taxes
| Property | 17976 |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90813) | |
Price: $1,150,000 low | high Med: $1,500,000 sqft: 2,875 low | high Med: 1,057 $ / sqft: $400 low | high Med: $1,419 On site: 155 low | high Med: 66 | |
Market Activity 90813
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Long Beach |
| Zip Code | 90813 |
| Area | 4 Downtown Area | Alamitos Beach |
| Listing VS Median (in 90813) | |
Price: $1,150,000 low | high Med: $1,500,000 sqft: 2,875 low | high Med: 1,057 $ / sqft: $400 low | high Med: $1,419 On site: 155 low | high Med: 66 | |
 | $1,399,9001089 E 7th StreetLong Beach, CA 90813 |
 | $900,0001253 E 4thLong Beach, CA 90802 |