1242 E 7th St

Long Beach, CA 90813
Property listed by Younglewin Advisors, Inc., Daniel Gomez 562-266-7629
$1,200,000
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 theRead MoreRead Less
Listing Snapshot
Days Online
46
Last Updated
Property Type
Apartment
Lot Size
0.18 Acres
Year Built
1911
MLS Number
PW26065037
Property Location Map
Additional Details
Building
Built in 1911, 2 buildings, 2 stories, Levels: Two, Entry level: 1, Entry location: 7th St
Community
Biking, Curbs, DogPark, Golf, Hiking, Park, Sidewalks
Cooling
WallWindowUnits
Expenses
Gardener: $1,200, Insurance: $3,594, Maintenance: $2,600, Operating: $36,751, Supplies: $1,000, Other Expense: $4,800
Fireplaces
None
Garage
5 spaces
Income
Gross Income: $124,740, Gross ScheduledIncome: $124,740, Net Operating Income: $84,247
Laundry
CommonArea
Lot
0.1842 acres, ZeroToOneUnitAcre
Parking
5 open parking spaces, 10 total parking spaces
Pool
None
Sewer
PublicSewer
Taxes
Additional parcels description:, Parcel Number: 7266012003, Annual Amount: $17,976, Tax Block: 1, Lot: 3, Year: 2026, Zoning: LBCNR
Utilities
Water Source: Public, 4 separate electric meters, 4 separate gas meters
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Based on information from California Regional Multiple Listing Service, Inc. as of 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.