1242 E 7th St, Long Beach, CA 90813
Local realty services provided by:ERA North Orange County Real Estate
1242 E 7th St,Long Beach, CA 90813
$1,150,000
- 8 Beds
- 6 Baths
- - sq. ft.
- Multi-family
- Active
Listed by: daniel gomez, shane young
Office: younglewin advisors, inc.
MLS#:PW26065037
Source:San Diego MLS via CRMLS
Price summary
- Price:$1,150,000
About this home
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, a...
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Home facts
- Listing ID #:PW26065037
- Added:216 day(s) ago
- Updated:November 12, 2026 at 04:14 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:6
Heating and cooling
- Cooling:Wall/Window
Structure and exterior
- Levels:2 Story
Finances and disclosures
- Price:$1,150,000
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