Listed by Daniel Gomez, Younglewin Advisors, Inc., (562) 318-0215
1242 E 7th St
Long Beach, CA 90813
Hellman
8 Beds
6 Baths
2,875 sqft
8 Beds
6 Baths
2,875 sqft
Local Information
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Description
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 Highlights
Parking
Garage
Outdoor
No Info
A/C
Has Cooling
HOA
None
Price/Sqft
$417
Listed
44 days ago
Home Details for 1242 E 7th St
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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 |
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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 |
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Cumulative Days on Market: 40Days on Market: 44 |
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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 |
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Price List Price: $1,200,000Price Per Sqft: $417 |
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MLS Status: Active |
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Direction & Address City: Long Beach |
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Listing Agent Listing ID: PW26065037 |
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Building Area Building Area: 2875 Square Feet |
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Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Park, SidewalksNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 8022 sqft |
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Special Conditions: Standard |
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Contingencies: Please direct all inquiries to Daniel Gomez.Listing Terms: Cash to New Loan |
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Has Rent Control |
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Mls Number: PW26065037Living Area Range Units: Square FeetAttribution Contact: 562-266-7629Common Interest: NoneUniversal Property Id: US-06037-N-7266012003-R-N |
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BikingCurbsDog ParkGolfHikingParkSidewalksSource Internet Entire Listing Display |
Last check for updates: about 5 hours ago
Listing Provided by: Daniel Gomez DRE #02081392, (562) 266-7629
Younglewin Advisors, Inc.
Shane Young DRE #01963090
Younglewin Advisors, Inc.
Originating MLS: California Regional MLS
Price History for 1242 E 7th St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/15/2026 | $1,200,000 | PriceChange | CRMLS #PW26065037 |
| 03/26/2026 | $1,350,000 | Listed For Sale | CRMLS #PW26065037 |
| 07/16/2025 | $1,690,000 | ListingRemoved | SDMLS #PW25014615 |
| 06/23/2025 | $1,690,000 | Listed For Sale | SDMLS #PW25014615 |
| 10/25/2022 | $1,420,000 | Sold | N/A |
| 09/02/2022 | $1,495,000 | Pending | CRMLS #PW22153686 |
| 07/14/2022 | $1,495,000 | Listed For Sale | CRMLS #PW22153686 |
| 01/04/2019 | $790,000 | Sold | N/A |
| 10/01/2018 | $799,000 | Pending | Agent Provided |
| 08/08/2018 | $799,000 | PriceChange | Agent Provided |
| 07/01/2018 | $849,900 | PriceChange | Agent Provided |
| 06/16/2018 | $850,000 | Listed For Sale | Agent Provided |
| 09/15/2017 | $749,999 | ListingRemoved | Agent Provided |
| 08/25/2017 | $749,999 | PendingToActive | Agent Provided |
| 08/04/2017 | $749,999 | Pending | Agent Provided |
| 07/01/2017 | $749,999 | PendingToActive | Agent Provided |
| 06/26/2017 | $749,999 | Pending | Agent Provided |
| 05/02/2017 | $749,999 | Listed For Sale | Agent Provided |
| 07/21/2004 | $485,000 | Sold | N/A |
| 10/16/2003 | $330,000 | Sold | N/A |
| 06/04/2002 | $226,100 | Sold | N/A |
| 05/31/1996 | $140,500 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $19,596 |
| Assessment | $1,477,588 |
Home facts updated by county records
Comparable Sales for 1242 E 7th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.10 | Multi-Family Home | $1,392,000 | 11/07/25 | 8 | 7 | 4,800 | |
0.27 | Multi-Family Home | $985,000 | 12/31/25 | 7 | 6 | 2,315 | |
0.17 | Multi-Family Home | $1,099,000 | 12/26/25 | 6 | 4 | 2,366 | |
0.46 | Multi-Family Home | $1,425,000 | 05/27/25 | 11 | 7 | 3,510 | |
0.47 | Multi-Family Home | $1,250,000 | 10/15/25 | 5 | 6 | 3,311 | |
0.56 | Multi-Family Home | $1,000,000 | 11/24/25 | 8 | 6 | 3,498 | |
0.31 | Multi-Family Home | $1,700,000 | 09/30/25 | 6 | 10 | 4,734 | |
0.49 | Multi-Family Home | $1,175,000 | 01/07/26 | 6 | 4 | 2,600 | |
0.39 | Multi-Family Home | $1,950,000 | 07/28/25 | 9 | 8 | 6,096 |
Assigned Schools
These are the assigned schools for 1242 E 7th St.
- Franklin Classical Middle School
- 6-8
- Public
- 991 Students
4/10GreatSchools RatingParent Rating AverageThis school is wild, but at least it's true. This school is a mix of backgrounds and personalities, which is both good, okay, and bad. Yes, this school has "dangers," but if you do something before it does, it would be so much safer. I say this because most students here want to deal with their issues themselves, but it ends up being a mess. This school is good if you make an effort to report things you see that may endanger someone else. This school does NOT mess around when they hear a student is struggling with something, or has an issue with someone (family, friends, peers), the school will help you. This school makes an effort to help students be safe and happy, but they can only do that IF you make an effort to tell a staff member that something is going on. This school makes an effort to make sure it's safe, friendly, non-toxic, and so much more, but they need students' help with reporting something before the issue gets worse. OH, and this school has a great education system, but you do have to remind ur student if they're struggling to ask for help! The teachers here will help you (yes, even the strict ones!).Student Review5mo ago - Polytechnic High School
- 9-12
- Public
- 3890 Students
7/10GreatSchools RatingParent Rating AverageLong Beach Poly is the pride and joy of Long Beach. It is a school that encourages the creativity and growth of its diverse student body from many different backgrounds. All teachers in every pathway are among the best you will ever find. From supporting nearly 4,100 students, all teachers are incredibly helpful and truly want their students to grow not just academically; but provide guidance for building character. All faculty and staff are kind, warm, and truly show what being a Jackrabbit is. Right when you walk into this school, you can tell how the student body and all staff are truly proud to be at Poly and be a Jackrabbit.Student Review5mo ago - Stevenson Elementary School
- K-5
- Public
- 438 Students
5/10GreatSchools RatingParent Rating AverageI didn’t know what to expect when my child started kindergarten, but this is an absolutely outstanding school. My child is in their final year and has had an exceptional experience. The teachers are all top tier. They’ve been working together for many years and they have so much love for the students and families and our community. Being at Stevenson has been an amazing experience for my family. The school is a community in itself and I am so thankful for the care they take in educating my child and helping me raise her as a lifelong learner.Parent Review2y ago 
Check out schools near 1242 E 7th St.
Neighborhood Overview
Neighborhood stats provided by third party data sources.
What Locals Say about Hellman
At least 103 Trulia users voted on each feature.
88 % Say there are sidewalks
77 % Say it's dog friendly
73 % Say it's walkable to restaurants
73 % Say car is needed
66 % Say it's walkable to grocery stores
61 % Say there's holiday spirit
51 % Say yards are well-kept
50 % Say kids play outside
50 % Say streets are well-lit
44 % Say they plan to stay for at least 5 years
40 % Say neighbors are friendly
40 % Say there's wildlife
36 % Say it's quiet
28 % Say people would walk alone at night
23 % Say there are community events
12 % Say parking is easy
Learn more about our methodology.
LGBTQ Local Legal Protections
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 2026-02-09 09:51:42 PST 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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