1242 E 7th St
Long Beach, CA 90813
0
Bed
0
Bath
2,875Sqft
8,022Sqft(Lot)
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
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Heating & Cooling
Has Cooling: Yes Cooling: Wall/Window Unit(s)
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Building Information
Year Built: 1911Building Area Total: 2875Stories: 2Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 8022 Lot Size Acres: 0.1842 Lot Size Source: Assessor Lot Size Square Feet: 8,022 Lot Description: 0-1 Unit/Acre
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Listing Price Information
Listing Price: $1150000Original Price: $1350000Cash to New Loan
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Tax Information
Parcel Number: 7266012003 Tax Lot: 3 Tax Block: 1 Tax Year: 2026 Annual Tax: $17976
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Parking Information
Parking Total: 10Garage Information
Has Garage: Yes Garage Space: 5
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Location Information
Direction: 7th St in between Orange Ave & Almond Ave WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 1036 Cherry Avenue, Long Beach, CA, 90813 | $2,275,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,050,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1014 Gaviota Avenue, Long Beach, CA, 90813 | $668,000 | 2 | -- | 914 | 914 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,875,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $969,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
| 1416 Orange, Long Beach, CA, 90813 | $1,299,999 | 6 | 4 | 2,926 | 2,926 SqFt |
| 1310 E Hellman, Long Beach, CA, 90813 | $1,725,000 | -- | -- | 5,735 | 5,735 SqFt |
| 1202 - 1210 Myrtle, Long Beach, CA, 90813 | $1,050,000 | -- | -- | 2,775 | 2,775 SqFt |
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ByOwner last updated this listing 07/23/2026 @ 15:45
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