1242 E 7th Street

Long Beach, CA 90813

  • 8 Bed(s)
  • 4 Bath(s)
  • 2,875 Sqft
  • 8022
    Sqft(Lot)
$1,800,000

Description

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-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. don’t miss out on this rare combination of current income and future upside.



4th unit approval eminent.

  • Property Type

    Residential Income

  • County

    Los Angeles

  • Style

    Residential Income

  • AD ID

    48398027

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Property Details

  • Water/Sewer

    • Water Source : Public
    • Sewer : Public Sewer

  • Building Information

    • Year Built: 1911
    • Building Area Total: 2,875

    Pool Features

    • None

    Laundry Features

    • Common Area

  • Lot Details

    • Lot Dimensions Source: Vendor Enhanced
    • Lot Size Acres: 0.1842
    • Lot Size Source: Assessor
    • Lot Size Square Feet: 8022

  • Listing Price Information

    • Original List Price: 1,800,000
    • Listing Contract Date: 2025-01-21

    Lease Information

    • Listing Agreement: Exclusive Right To Sell

  • Tax Information

    • Parcel Number: 7266012003

  • Garage and Parking

    Homeowners Association

    Rental Info

    • Lease Term: Negotiable
    • Tenant Pays: Electricity,Gas

  • Other Property Info

    • Source Listing Status: Active
    • Source Neighborhood: 4 - Downtown Area, Alamitos Beach
    • Postal Code Plus 4: 4903
    • Directions: 7th St between Almond Ave and Orange Ave.
    • Zoning: LBCNR
    • Source Property Type: Residential Income
    • Area: 4 - Downtown Area, Alamitos Beach
    • Property SubType: Quadruplex

    Building and Construction

    • Property Age: 114
    • Common Walls: 2+ Common Walls
    • Property Condition: Updated/Remodeled
    • Structure Type: Quadruplex
    • Year Built Source: Public Records
    • Entry Level: 1
    • Entry Location: 1
    • Property Attached: Yes
    • Levels or Stories: Two
    • Building Total Stories: 2
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BuyOwner last updated this listing 01/31/2025 @ 07:12

  • MLS: PW25014615
  • LISTING PROVIDED COURTESY OF: ,
  • SOURCE: CRMLS

is a Home, with 8 bedrooms which is for sale, it has 2,875 sqft, 8,022 sized lot, and 5 parking. A comparable Home, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Long Beach , in zip code 90813, this Los Angeles County Home , it is in the North Alamitos Beach Subdivision, are nearby neighborhoods.