1242 E 7th St, Long Beach, CA 90813

• 8 beds |
• 6 baths

Property 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, a

Listing Status:

Active

Date Added:

March 25, 2026

Data Last Updated:

May 20, 2026 at 7:11AM

Listing Office:

Younglewin Advisors, Inc. : 562-318-0215

Listing Agent:

Daniel Gomez : 562-266-7629

MLS ID:

PW26065037

Interior

• A/C: Wall/Window

Exterior

• Pool: N/K

Construction

• General: 2 Story

Location

• Originating MLS: California Regional MLS
• County: Los Angeles

Lot

• Zoning: Assessor7266012003

Financial

• Source: California Regional MLS