1242 E 7th St, Long Beach, CA 90813
Property image
Property image
FOR SALE
Listed by Daniel Gomez, Younglewin Advisors, Inc., (562) 266-7629

$1,150,000

Original price: $1,200,000
  • 8 Beds
  • 6 Baths
  • 2,875 sqft

1242 E 7th St, Long Beach, CA 90813

Hellman
Est. Mortgage $7,234/mo*
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Home Highlights

Multi-Family
Built in 1911
$400/sqft
Garage

Local Information

  • Map ViewExplore the area around 1242 E 7th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

HUGE PRICE ADJUSTMENT, MOTIVATED SELLER. Presenting 1242 E. 7th Street, Long Beach, a 3-unit multifamily property with a non-conforming bonus unit offering four income streams in one of Long Beach's most accessible and desirable coastal-adjacent neighborhoods, located less than one mile from Alamitos Beach. The true headline here is the development upside: the property sits on a generous 8,022 SF lot zoned CNR, a flexible bonus-density designation that supports a higher-density mix of residential uses than standard zoning, with access to Long Beach's Enhanced Density Bonus program and significant ADU expansion potential via SB 1211, California's most aggressive multi-family ADU law, which allows one detached ADU for every primary unit on site. For ADU enthusiasts, this lot is a dream come true. The lot size, zoning, and garage footprint check every box for maximizing ADU potential under current California law, making this one of the most ADU-friendly opportunities to hit the Long Beach market. The five detached garages and private laundry room, newly constructed in 2003, further add to the long-term redevelopment potential and additional income opportunities. Combined, these tools create a credible path to dramatically increasing the unit count and long-term asset value. Built in 1911, the property retains its original Craftsman-era character, underwent a full electrical rewire in 2003, and has seen interior upgrades across the units over the years. With a Walk Score of 92 and Bike Score of 90, residents enjoy effortless access to Alamitos Beach, Belmont Shore, Retro Row, and Downtown Long Beach, all just minutes away.

Home Details for 1242 E 7th St

Interior Features

Beds & Baths
Number of Bedrooms: 8Number of Bathrooms: 6
Appliances & Utilities
Laundry: Common Area
Heating & Cooling
Has CoolingAir Conditioning: Wall/Window Unit(s)
Fireplace & Spa
Fireplace: NoneNo Fireplace
Windows, Doors, Floors & Walls
Common Walls: 2+ Common Walls
Levels, Entrance, & Accessibility
Stories: 2Number of Stories: 2Levels: TwoEntry Location: 7th St

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
Number of Garage Spaces: 5Number of Covered Spaces: 5Open Parking Spaces: 5Has a GarageParking Spaces: 10Parking: Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Cumulative Days on Market: 84Days on Market: 180

Property Information

Year Built
Year Built: 1911
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Multi Family
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 7266012003

Price & Status

Price
List Price: $1,150,000Price Per Sqft: $400

Active Status

MLS Status: Active

Location

Direction & Address
City: Long Beach

Agent Information

Listing Agent
Listing ID: PW26065037

Building

Building Area
Building Area: 2875 Square Feet

Community

Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Park, SidewalksNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 8022 sqft

Listing Info

Special Conditions: Standard

Offer

Contingencies: Please direct all inquiries to Daniel Gomez.Listing Terms: Cash to New Loan

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW26065037Living Area Range Units: Square FeetAttribution Contact: 562-266-7629Common Interest: NoneUniversal Property Id: US-06037-N-7266012003-R-N

Additional Information

BikingCurbsDog ParkGolfHikingParkSidewalksSource Internet Entire Listing Display

Foreclosure Information

Invalid Date
Foreclosure auction
The property was scheduled to be sold at a
Foreclosure Auction
. Auction location is unavailable. Because auction dates are often changed or postponed, it is unknown at this time if the auction was held. Please confirm with a foreclosure specialist.
Invalid Date
Home in default
$29,057
The owner of this property has been served a
Notice of Default
. The loan in default was issued on 10/25/2022 in the amount of $925,000.
10/25/2022
Previous Sale
$1,420,000
The home last sold for $1,420,000

Legal Details

Foreclosure Type
Non-Judicial
Recorded
Notice of Default on Invalid Date
Notice of Default on Invalid Date
Parcel Number
7266012003

Around this home

Neighborhood Overview

Hellman
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about Hellman

At least 104 Trulia users voted on each feature.

  • 88 % Say there are sidewalks

  • 77 % Say it's dog friendly

  • 73 % Say it's walkable to restaurants

  • 72 % Say car is needed

  • 66 % Say it's walkable to grocery stores

  • 61 % Say there's holiday spirit

  • 51 % Say yards are well-kept

  • 49 % Say kids play outside

  • 49 % Say streets are well-lit

  • 44 % Say they plan to stay for at least 5 years

  • 40 % Say there's wildlife

  • 40 % Say neighbors are friendly

  • 36 % Say it's quiet

  • 28 % Say people would walk alone at night

  • 23 % Say there are community events

  • 12 % Say parking is easy

Sourced by Trulia users. Learn more about our methodology.
  • Hairxalyssa
    "The community of people. We look out for each other and are the most part very friendly. I would recommend living here. "
    3
    Flag
  • Trulia User
    "always try and walk your dogs during the day, but if you can’t, i’d recommend walking with a friend or loved on while walking your dog. The homeless have taken over more and more, and it’s sometimes not the best feeling being alone walking at night. Or just train your dog to protect you! (:"
    1
    Flag
  • Trulia User
    "Not many events. You just have to be careful with your surroundings at all times but there’s always good people."
    1
    Flag
  • Lindali A.
    "The neighbors are very vigilant. In the middle of downtown LB, Bixby knolls and Belmont shore. Many restaurant and bar choices that are walking distance. "
    12
    Flag
  • Pbrookemummau
    "A lot of loud yippee dogs left in front yards all the time, bark constantly. Dogs who walk by often get barked at."
    0
    Flag
  • Long Beach resident
    "It has trash and debris everywhere would like to see it cleaned up a bit to make it more safe for pets and children to walk and play "
    8
    Flag
  • anonymous
    "4th st Friday’s is great with food and music. Very walkable to downtown as well to enjoy many events on Pine street. "
    5
    Flag
  • Martin M.
    "They are very loving caring and adaptable people. We all look out for each other and speak to each other gatherings get together and holidays are always a pleasure "
    3
    Flag
  • Keeekeeedeee
    "I don’t know of any events that happen, except for maybe Halloween and the non-stop fireworks, fire crackers and explosions almost all summer!!"
    1
    Flag
  • Jameiserena
    "My commute is fine. I only stay fifteen minutes away from my job. My kids go to school 3 mins from our apartment and the oldest school is 3 minutes from my job"
    0
    Flag
  • Catrina S.
    "a true mix of all types of people. But unless you have a parking space, street parking is packed and difficult to come by"
    58
    Flag
  • Wrighdk
    "There are a ton of dog owners here. From what I have witnessed, the owners pick up after their dogs.. "
    1
    Flag
  • Theoleo5622
    "friendly neighborhood, great opportunity raise your family, a lot of activities, shopping center, long beach queens marry, aquarium, shoreline, beaches and many more... "
    0
    Flag
  • Jdginpdx
    "Diversely populated, artsy, creative & community events ALL THE TIME - summer “movies on the beach” and park concert/picnics, festivals for all walks of life."
    0
    Flag
  • Maryannct6
    "I currently live here & to be real honest.. there’s always gunshots, drama & can never find parking. "
    10
    Flag
  • Ae90892
    "The diversity and the friendly easy going people that lives in this neighborhood makes it unique, all the shops and small businesses are very convenience and a key to keep my neighborhood active and fun"
    2
    Flag
  • Ecazares502
    "The vibe. People are friendly. I’m not scared to walk around. Everything is within walking distance, at least the casual stuff. Also, the beach is nearby. The parking is the only thing that sucks."
    6
    Flag

Market trends in Long Beach

Last updated August 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$820K
$3.33KMoM
Sale-to-List Price
100.0%
Price per sq ft
$649
$3MoM
Available listings
825
28MoM

Home Value

Trulia Estimate
$1.14M
Since last month
Increased$30K (+2.7%)
Since last year
Decreased$485K (-29.8%)
Since last sale
Decreased$276K (-19.4%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value increased by +54% in the last 10 years
MonthEstimated value
2026
September 2026$1.14M
August 2026$1.11M
July 2026$1.13M
June 2026$1.12M
May 2026$1.17M
April 2026$1.17M
March 2026$1.39M
February 2026$1.64M
January 2026$1.63M
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
573 Nebraska Ave, Long Beach, CA
0.10
Multi-Family Home
$1,392,000
11/07/25
8
7
4,800
920 Cerritos Ave, Long Beach, CA
0.27
Multi-Family Home
$985,000
12/31/25
7
6
2,315
1130 E 5th St, Long Beach, CA
0.20
Multi-Family Home
$1,385,000
07/08/26
9
8
4,629
826 Gaviota Ave, Long Beach, CA
0.32
Multi-Family Home
$1,190,000
05/22/26
8
5
3,119
1524 E Hellman St, Long Beach, CA
0.17
Multi-Family Home
$1,099,000
12/26/25
6
4
2,366
1050 E Hellman St, Long Beach, CA
0.22
Multi-Family Home
$1,425,000
06/10/26
6
6
3,542
1612 E 7th St, Long Beach, CA
0.20
Multi-Family Home
$1,150,000
05/01/26
12
10
3,022
834 Walnut Ave, Long Beach, CA
0.28
Multi-Family Home
$1,425,000
07/01/26
12
5
3,993
1719 E Florida St, Long Beach, CA
0.39
Multi-Family Home
$1,465,000
06/05/26
7
5
3,578
1443 E 7th St, Long Beach, CA
0.13
Multi-Family Home
$945,000
09/08/26
4
4
3,588

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
1237 E 6th St #106, Long Beach, CA 90802
0.04
$395,000
2
2
895
Recently Sold
453 Almond Ave #6, Long Beach, CA 90802
0.05
$529,000
2
2
840
For Sale
1237 E 6th St #103, Long Beach, CA 90802
0.04
$415,500
1
1
615
Off Market
1237 E 6th St #306, Long Beach, CA 90802
0.04
$567,200
2
2
1,027
Off Market
1271 E 7th St, Long Beach, CA 90813
0.05
$2,568,900
19
12
10,113
Off Market
1237 E 6th St #201, Long Beach, CA 90802
0.05
$521,700
2
1
871
Off Market
1237 E 6th St #107, Long Beach, CA 90802
0.05
$482,200
2
2
895
Off Market
530 Almond Ave, Long Beach, CA 90802
0.07
$1,199,900
4
3
1,962
For Sale
1237 E 6th St #206, Long Beach, CA 90802
0.06
$492,700
2
2
895
Off Market
527 Almond Ave, Long Beach, CA 90802
0.07
$1,023,100
3
2
1,477
Off Market
732 N Toledo Walk, Long Beach, CA 90813
0.08
$785,900
3
1
1,243
Off Market

Price and Tax history

DateEventPrice
Jun 11, 2026
Source: CRMLS #PW26065037
PendingToActive
$1,150,000
May 27, 2026
Source: CRMLS #PW26065037
Contingent
$1,150,000
Apr 15, 2026
Source: CRMLS #PW26065037
PriceChange
$1,200,000
Price decreased by 11%
Mar 26, 2026
Source: CRMLS #PW26065037
Listed For Sale
$1,350,000
Jul 16, 2025
Source: SDMLS #PW25014615
ListingRemoved
$1,690,000

LGBTQ Local Legal Protections

Daniel Gomez, Younglewin Advisors, Inc.
Agent Phone: (562) 266-7629
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-09-20 07:38:53 PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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Frequently asked questions about 1242 E 7th St

  • What is the estimated monthly payment for 1242 E 7th St?
    Based on a $1,150,000 list price with 20% down at today's rates, the estimated monthly payment for 1242 E 7th St in Long Beach, CA is approximately $7,430 (about $6,224 principal & interest, $1,131 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 1242 E 7th St compare to homes in Long Beach?
    1242 E 7th St in Long Beach, CA is listed at $1,150,000, about 40% above the $820K median sale price in Long Beach.
  • What do residents say about the Hellman neighborhood?
    Residents describe the Hellman neighborhood in Long Beach, CA as pedestrian-friendly, dog-friendly, and walkable to restaurants. See homes for sale in Hellman, Long Beach.
  • What are the closest schools to 1242 E 7th St?
    The closest schools to 1242 E 7th St in Long Beach, CA are Franklin Classical Middle School (rated 4/10), Polytechnic High School (rated 7/10), Stevenson Elementary School (rated 5/10).
  • Does 1242 E 7th St have air conditioning?
    Yes, 1242 E 7th St in Long Beach, CA has air conditioning.
  • Does 1242 E 7th St have laundry facilities?
    Yes, 1242 E 7th St in Long Beach, CA has laundry facilities.
1242 E 7th St, Long Beach, CA 90813 is a 8 bedroom, 6 bathroom, 2,875 sqft multi-family built in 1911. 1242 E 7th St is located in Hellman, Long Beach. This property is currently available for sale and was listed by CRMLS on Mar 26, 2026. The MLS # for this home is MLS# PW26065037.