1242 E 7th Street, Long Beach, CA 90813
Local realty services provided by:ERA North Orange County Real Estate



1242 E 7th Street,Long Beach, CA 90813
$1,690,000
- 6 Beds
- 4 Baths
- - sq. ft.
- Multi-family
- Active
Listed by:stelios zoumberakis
Office:keller williams coastal prop.
MLS#:PW25174476
Source:SANDICOR
Price summary
- Price:$1,690,000
About this home
Located at 1242 E 7th St., Long Beach, CA, this turnkey 4-unit property offers a prime investment or owner-user opportunity in a vibrant, centrally located 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. Dont miss out on this rare combination
Contact an agent
Home facts
- Listing Id #:PW25174476
- Added:10 day(s) ago
- Updated:August 14, 2025 at 02:11 PM
Rooms and interior
- Bedrooms:6
- Total bathrooms:4
Finances and disclosures
- Price:$1,690,000
New listings near 1242 E 7th Street
- New$970,000Active3 beds 2 baths1,234 sq. ft.
2137 Ostrom Avenue, Long Beach, CA 90815
MLS# PW25183566Listed by: INTI REALTY - New$549,000Active2 beds 2 baths865 sq. ft.
445 W 6th Street #409, Long Beach, CA 90802
MLS# SB25183168Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - New$1,295,000Active3 beds 2 baths1,992 sq. ft.
853 Roxanne Avenue, Long Beach, CA 90815
MLS# RS25183491Listed by: REAL BROKERAGE TECHNOLOGIES - New$549,000Active2 beds 2 baths865 sq. ft.
445 6th Street #409, Long Beach, CA 90802
MLS# SB25183168Listed by: VISTA SOTHEBYS INTERNATIONAL REALTY - New$512,000Active1 beds 1 baths680 sq. ft.
388 E Ocean Boulevard #1404, Long Beach, CA 90802
MLS# DW25183402Listed by: J A T S ENTERPRISES, INC. - New$1,895,000Active-- beds -- baths5,332 sq. ft.
767 Freeman Avenue, Long Beach, CA 90804
MLS# PW25182759Listed by: JOHN DUMKE, BROKER - New$1,575,000Active2 beds 2 baths1,814 sq. ft.
227 Ximeno Avenue, Long Beach, CA 90803
MLS# PW25181157Listed by: CALIFORNIA REAL ESTATE COMPANY - New$1,020,000Active3 beds 3 baths1,130 sq. ft.
3114 Hackett Avenue, Long Beach, CA 90808
MLS# OC25183484Listed by: CALI DREAM HOMES - Open Sun, 1 to 4pmNew$2,275,000Active4 beds 3 baths2,676 sq. ft.
106 Claremont Avenue, Long Beach, CA 90803
MLS# PW25181981Listed by: COMPASS - New$399,000Active1 beds 1 baths597 sq. ft.
5585 E Pacific Coast Highway #340, Long Beach, CA 90804
MLS# 25577973Listed by: BARCODE PROPERTIES