1242 East 7th Street, Long Beach, CA for sale

Investment Overview

3 Units + 1 Non-Conforming Unit in Prime Long Beach Location

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