1242 E 7th Street, Long Beach CA, 90813

Sold

1242 E 7th Street

Long Beach CA, 90813

$1,420,000

$493.91 per sqft

Sold

2,875 sqft

Multi-family

Built in 1911

Listed by Giannina Silva with INTI Realty 562-572-4978

1242 E 7th Street is the Long Beach 3 unit building you've been waiting for, with an additional 4th unit! The property's income opportunities are endless. Besides being in a prime location of North Alamitos Beach; 1242 E 7th St. offers large units and an awesome unit mix of one large 3 Bedroom /2 Bath unit, one 2 Bedroom /1.5 Bath unit, one 2 Bedroom/ 1 Bath units and one 1 bedroom/ 1 bath upstairs back unit with a private patio deck- each with their own garage plus a fifth garage for you to have additional income. Two of the units have tankless water heaters as well as the shared laundry room by the garages. With a long and large driveway and sitting on a 8,022 sqft. lot; this property has potential for building additional units and ADUs. With proximity to 4th Streets Retro Row, Downtown Long Beach and a bike ride to the beach, your new building will appeal to a wide range of tenants. As an added bonus, the best part is that you get to set the new rents with ALL units to be delivered vacant at close of escrow. Now, that's hot!

PW22153686

MLSⓇ ID

July 12, 2022

Listed

March 23, 2024

Updated

Map

1242 E 7th Street
Long Beach CA, 90813

Interior Features

Total Stories: 2
Laundry Description: Common Area
Floor Description: Laminate, Tile, Vinyl
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall Furnace

Exterior/Building Features

Lot Size: 0.18 Acres
Lot Features: Rectangular Lot
Sewer: Public Sewer

Other Property Details

Area Name: 4 - Downtown Area, Alamitos Beach
Days on Market: 50
Garage: Yes
Garage Spaces: 5
Parking: Driveway, Garage
Parking Total: 8
View: No
County: Los Angeles
Water Source: Public
Pool: No
Pool Features: None
Zoning: LBCNR
Buyer Agency Compensation: 2%

Listing Contact: 562-572-4978

Based on information from the California Regional Multiple Listing Service (CRMLS) as of 3/23/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated on 3/23/2024 at 1:39 AM UTC