1242 East 7th Street

Highlights

• 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
• 5 Detached Garages + Laundry Room (2003) — Rear structures offer strong ancillary income potential and long-term redevelopment optionality
• 92 Walk Score / 90 Bike Score — Exceptional walkability and bikeability, highly attractive to today’s renters
• 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
• Completely Rewired (2003) — Updated electrical throughout, reducing near-term capital expenditure risk
• Major ADU Upside via SB 1211 — Lot configuration supports a detached, ground-up ADU, unlocking additional rentable square footage
• Potential to Be Delivered Vacant — Rare opportunity for an owner-user or developer to take immediate control of the asset without existing tenancy constraints
• 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

Location

Located at 1242 East 7th Street, Long Beach, CA 90813, this property is part of the Downtown Los Angeles neighborhood and Los Angeles market.