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1242 E 7th Street
Long Beach CA 90813 US

$1,800,000

Active Listing ID PW25014615
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8 bed
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4.00 Bath (4 Full)
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Lot: 8,022.00 Square Feet
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Quadruplex

$1,800,000

Active Listing ID PW25014615
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1242 E 7th Street 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 available, offering the perfect owner-user opportunity to live in one unit while collecting income from the others. Alternatively, the availability 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. 4th Unit approval eminent.

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Property Features

  • Facts
  • Lot Size: 8,022.00 Square Feet
  • Property Type: Residential Multi Family
  • Property Sub-type: Quadruplex
  • Features
  • Full Bathrooms: 4
  • Exterior Finish: Community Features Included: Curbs, Dog Park, Golf, Hiking, Gutters, Park, Sidewalks, Street Lights, Suburban, Back Yard, Rectangular Lot, Level, Near Public Transit

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Quadruplex
  • listprice: 1800000
  • unparsedaddress: 1242 E 7th Street
  • postalcity: Long Beach
  • stateorprovince: CA
  • country: US
  • postalcode: 90813
  • bathroomsfull: 4
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.184159779614325
  • lotsizeunits: Square Feet
  • lotsizearea: 8022
  • livingarea: 2875
  • livingareaunits: Square Feet
  • latitude: 33.775005
  • longitude: -118.175218
  • listagentfullname: Stelios Zoumberakis
  • listagentemail: stelios@szcre.com
  • listagentkey: 3yd-MRMLSCA-PWZOUSTE
  • listagentmlsid: PWZOUSTE
  • listagentpreferredphone: 5628431017
  • listagentofficephone: 5628431017
  • listofficekey: 3yd-MRMLSCA-PB8089
  • listagentstatelicense: 02049494
  • listofficemlsid: PB8089
  • disclaimer: Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: MRMLSCA
  • yearbuilt: 1911
  • listingcontractdate: 2025-01-21
  • listagenturl: http://kwcoastalproperties.com/
  • countyorparish: Los Angeles
  • parcelnumber: 7266012003
  • numberofunitstotal: 4
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 2
  • parkingtotal: 5
  • waterfrontyn: False
  • franchiseaffiliation: Keller Williams Realty
  • exteriorfeatures: Community Features Included: Curbs, Dog Park, Golf, Hiking, Gutters, Park, Sidewalks, Street Lights, Suburban, Back Yard, Rectangular Lot, Level, Near Public Transit
  • architecturalstyle: Other
  • rooms: Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -118.17522, 33.775005
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Keller Williams Coastal Properties", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"simoncazares@kw.com", "ListBrokerageCity":"Long Beach", "ListBrokerageCountry":"US", "ListBrokerageEmail":"Simoncazares@kw.com", "ListBrokerageLogoUrl":"http://brokerlogos.listhub.net/MRMLSCA/0812b5e1abbe11e881520242ac110005/20190508001417697.png", "ListBrokerageName":"Keller Williams Coastal Properties", "ListBrokeragePhone":"(562) 843-1017", "ListBrokeragePostalCode":"90803", "ListBrokerageStateOrProvince":"CA", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"6621 E. Pacific Coast Highway #150", "ListBrokerageWebsiteUrl":"http://kwcoastalproperties.com/", "ListOfficeAddress1":"6621 E Pacific Coast Hwy, #150", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"PCAZASIM", "ListOfficeCity":"Long Beach", "ListOfficeCountry":"US", "ListOfficeEmail":"KLRW301@kw.com", "ListOfficePostalCode":"90803", "ListOfficeStateOrProvince":"CA", "ListPriceCurrencyType":"USD", "ListingTitle":"Quadruplex - Long Beach, CA", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/1242-E-7th-St_Long-Beach_CA_90813_M14858-53187?f=listhub&s=MRMLSCA&m=PW25014615&c=rexren", "MLSModificationTimestamp":"2025-01-21T16:12:44Z", "Neighborhoods":[], "PostalCode":null, "RawPropertySubType":"Quadruplex", "RawPropertyType":"Residential Income", "RoomCount":null, "StateOrProvince":null, "Taxes":[], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 1/23/2025 6:09:47 AM GMT
Source Updated Date: 2/21/2025 6:51:39 AM GMT

Courtesy of: Stelios Zoumberakis, Keller Williams Coastal Prop., stelios@szcre.com

Copyright © 2025 California Regional Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.