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  • 1242 E 7Th Street

1242 E 7th Street, Long Beach, CA 90813

$1,690,000 Approx. USD 8 beds, 4 baths
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Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
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Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
Phone: 619-294-3113
Fax: 619-521-0100
 San Diego Central 2355 Northside Drive, Suite 180
San Diego, CA 92108
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Fax: 619-521-0100
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Listing Agent


Stelios Zoumberakis
Lic#: 02049494
Broker: Courtesy of Keller Williams Coastal Prop.

Agent Remarks

Price reduced over $100,000! Motivated seller! Located at 1242 E 7th St., Long Beach, CA, this beautiful turnkey 4-unit Craftsman property offers a prime investment or owner-user opportunity in a vibrant, centrally located North Alamitos Beach 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

Listing Details

Property type: Res Income 2-4 Units (Multi-Family)
Status: ACTIVE
MLS# PW25014615
Price: $1,690,000
Beds: 8
Baths: 4
2 stories
0.18 acres
County: Los Angeles
Zoning: Public Rec

Last Updated: 9/15/2025

 Days On Market (DOM): 571

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Lat/Long: 33.775260, -118.175347.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Robert Gabhart

Robert Gabhart REALTOR® - Broker Associate 619-980-8561 m
619-980-8561 o
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com Text Me
Call My Cell
Call My Office
Lic#: 00755789
NRDS ID: 196557316
rgabhart@bhhscal.com
San Diego Central Office
2355 Northside Drive, Suite 180
San Diego, CA 92108
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