1242 E 7th St, Long Beach, CA 90813 (MLS # PW26065037)

Price	$1,150,000
Status	Active
Beds	8
Baths	6 Baths
Home size	n/a
Lot Size	8,024 sqft
Days on Market	0

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 Type(s): Multi Family

Last Updated	11/4/2026	Year Built	0
County	Los Angeles

Additional Details

AIR	Wall/Window Unit(s)
AIR CONDITIONING	Yes
LOT	8024 sq ft
LOT DIMENSIONS	7,500-10,889 SF
STORIES	2

Listed with Younglewin Advisors, Inc.

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Properties on this website was last updated as recently as 11/4/26 11:12 PM PST.

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