1242 East 7th Street
- 3 Units + 1 Non-Conforming Unit — Four income-producing units with a clear path to full legalization via AB 2533 (Housing Amnesty Act), streamlining the 4th unit permit process
- Potential to Be Delivered Vacant — Rare opportunity for an owner-user or developer to take immediate control of the asset without existing tenancy constraints
- Completely Rewired (2003) — Updated electrical throughout, reducing near-term capital expenditure risk
- 5 Detached Garages + Laundry Room (2003) — Rear structures offer strong ancillary income potential and long-term redevelopment optionality
- Major ADU Upside via SB 1211 — Lot configuration supports a detached, ground-up ADU, unlocking additional rentable square footage
- CNR Zoning + Long Beach Enhanced Density Bonus — Developer-friendly zoning with access to the City’s enhanced density bonus program, offering significant value-add and redevelopment potential
- Prime Long Beach Location — Minutes to Belmont Shore, Retro Row, and Downtown Long Beach with easy freeway access
- Under 1 Mile to Alamitos Beach — Highly desirable coastal-adjacent location driving strong tenant demand and rental premiums
- 92 Walk Score / 90 Bike Score — Exceptional walkability and bikeability, highly attractive to today’s renters
Property Description
3 Units + 1 Non-Conforming Unit in Prime Long Beach Location
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,200,000 |
| No. of Units: | 3 |
| Year Built: | 1911 |
| Opportunity Zone: | No |
| Price per unit: | $400,000 |
| Property Website | Click Here |
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