Property Details
About this Property
Price reduced over $100,000! Motivated seller! 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
MLS Listing Information
MLS #
CRPW25014615
MLS Source
California Regional MLS
Days on Site
98
Exterior Features
Pool
None
Parking, School, and Other Information
Garage/Parking
Garage: 5 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 2 | – | 4 |
| Unit # | Sq Ft | Beds | Baths | Rent |
|---|---|---|---|---|
| 1 | 600 | – | 0/0 | – |
| 2 | 750 | – | 0/0 | – |
| 3 | 775 | – | 0/0 | – |
School Ratings
Nearby Schools
| Schools | Type | Grades | Distance | Rating |
|---|---|---|---|---|
| Franklin Classical Middle School | public | 6-8 | 0.17 mi | |
| Lincoln Elementary School | public | K-5 | 0.43 mi | |
| Stevenson Elementary School | public | K-5 | 0.51 mi | |
| Burbank Elementary School | public | K-5 | 0.62 mi | |
| Renaissance High School For The Arts | public | 9-12 | 0.87 mi | |
| International Elementary School | public | K-5 | 0.88 mi | |
| Polytechnic High School | public | 9-12 | 0.94 mi | |
| Whittier Elementary School | public | K-5 | 0.97 mi | |
| Roosevelt Elementary School | public | K-5 | 0.98 mi | |
| Willard Elementary School | public | K-5 | 1.13 mi | |
| Alvarado Elementary School | public | K-5 | 1.26 mi | |
| Robinson Academy | public | K-8 | 1.26 mi | |
| Jessie Nelson Academy | public | 6-8 | 1.29 mi | |
| Lee Elementary School | public | K-5 | 1.29 mi | |
| Washington Middle School | public | 6-8 | 1.33 mi | |
| Mann Elementary School | public | K-5 | 1.36 mi | |
| Educational Partnership High School | public | 9-12 | 1.47 mi | |
| Edison Elementary School | public | K-5 | 1.48 mi | |
| Jefferson Leadership Academies School | public | 6-8 | 1.52 mi | |
| Chavez Elementary School | public | K-5 | 1.54 mi |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1242 E 7th St is a Residential Income in Long Beach, CA 90813. This – square foot property sits on a 8,022 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,690,000 and was built in 1911. This address can also be written as 1242 E 7th St, Long Beach, CA 90813.
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This listing information is up-to-date as of April 10, 2025. For the most current information, please contact Stelios Zoumberakis
