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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Water/Sewer
Water Source: Public Sewer: Public Sewer -
Interior Features
Fireplace: None -
Cooling Features
Wall/Window Unit(s) Air ConditioningFireplace
Fireplace Features: None Has Fireplace: 0
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Building Information
Year Built: 1911 Building Area Total: 2,875 -
Pool Features
NoneLaundry Features
Common Area
-
Lot Details
Lot Dimensions Source: Vendor Enhanced Lot Size Acres: 0.1842 -
Lot Size Source: Assessor Lot Size Square Feet: 8022
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Listing Price Information
Original List Price: 1,150,000 Listing Contract Date: 2026-03-25 -
Lease Information
Listing Agreement: Exclusive Right To Sell
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Tax Information
Parcel Number: 7266012003 Tax Year: 2026 Annual Tax: 17976
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Other Property Info
Source Listing Status: Active Under Contract Source Neighborhood: 699 - Not Defined Directions: 7th St in between Orange Ave & Almond Ave Zoning: LBCNR Source Property Type: Residential Income Area: 699 - Not Defined Property SubType: Apartment -
Building and Construction
Property Age: 115 Common Walls: 2+ Common Walls Structure Type: Apartment Year Built Source: Assessor Entry Level: 1 Entry Location: 7th St Property Attached: Yes Levels or Stories: Two Building Total Stories: 2
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 | $2,350,000 | 10 | -- | 4,722 | 4,722 SqFt |
| 1081 Cherry Avenue, Long Beach, CA, 90813 | $1,100,000 | 2 | -- | 2,773 | 2,773 SqFt |
| 1735 E 10th Street, Long Beach, CA, 90813 | $3,047,700 | 22 | -- | 10,253 | 10,253 SqFt |
| 1050 Gaviota, Long Beach, CA, 90813 | $4,500,000 | -- | -- | 12,928 | 12,928 SqFt |
| 1419 E 15th, Long Beach, CA, 90813 | $995,000 | -- | -- | 2,292 | 2,292 SqFt |
| 755 Gaviota Avenue, Long Beach, CA, 90813 | $2,950,000 | -- | -- | 6,640 | 6,640 SqFt |
| 933 Walnut Avenue, Long Beach, CA, 90813 | $995,000 | 3 | 2 | 1,312 | 1,312 SqFt |
| 1056 Hoffman, Long Beach, CA, 90813 | $1,700,000 | 6 | 6 | 2,560 | 2,560 SqFt |
| 1720 Cerritos Avenue, Long Beach, CA, 90813 | $2,100,000 | -- | -- | 6,074 | 6,074 SqFt |
| 1377 Warren Avenue, Long Beach, CA, 90813 | $1,627,000 | 4 | -- | 4,944 | 4,944 SqFt |
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ByOwner last updated this listing 06/05/2026 @ 21:28
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