USACALong BeachAlamitos Beach (Ab)1242 E 7Th St
1242 E 7 Th St, Home with 0 bedrooms, 0 bathrooms and 11 parking in Long Beach CA | Image 1
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$1,690,000

1242 E 7 Th St, Long Beach, CA

Real Estate

For Sale

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  • Key Facts
  • Description
  • Map

Key Facts

Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes 
Days Active 7
Lot Size 
Approx. Age 1911
MLS® Number PW25174476

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

Located at 1242 E 7th St., Long Beach, CA, this turnkey 4-unit property offers a prime investment or owner-user opportunity in a vibrant, centrally located 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-user opportunity to live in one unit while collecting income from the others. Alternatively, the vacancy allows for immediate leasing at market rent, boosting cash flow. With its modernized interiors, potential for expansion, and prime location near downtown Long Beach, this property is an excellent opportunity for investors and owner-users alike. Don’t miss out on this rare combination of current income and future upside. Contact us today for more information.Show Description
MLS® NumberPW25174476
Laundry LevelCommon Area
Central VacNo
FireplaceNo
Acreage0.1842
Exterior
GarageYes
Approx. Age1911
Basement
DrivewayAssigned, Controlled Entrance
Garage Spaces
Heat
A/C
Heating Fuel

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