Four-Unit Quadplex with
For Sale
$1,200,000
1242 East 7th Street, Long Beach, CA 90813
Multifamily property with detached garage structures, laundry facilities, and flexible occupancy potential.
Property Size2,875 SF
Days on Market125
Property Features for 1242 East 7th Street
General Information
Standard status
Active
Size
2,875 SF
Total Parking Spaces
5
Property subtype
Multifamily
Zoning
CNR
Site & Location
Neighborhood
North Alamitos Beach
Highway Access
Yes
Additional Details
Multifamily Units
4
Amenities
laundry room
Building Details
Building Size
2,875 SF
Year Built
1911
Listing Agency:
Young Lewin Advisors
Listed By:
Daniel Gomez · License #CalDRE #02081392
(562) 266-7629
Source:
Younglewin
Added: Jun 25
Changed: Oct 25
Last Checked: Oct 26 at 2:58PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Young Lewin Advisors
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Investment Insights
Based on property information with market context.
Built in 1911, this Long Beach quadplex contains four income-producing units, including three conforming units and one non-conforming unit. The property includes five detached garages and a separate laundry room, adding functional support space and potential ancillary income. Electrical systems were comprehensively rewired in 2003.
The property is located at 1242 East 7th Street in Long Beach, near Belmont Shore, Retro Row, Downtown Long Beach, and Alamitos Beach. Freeway access is described as convenient, while the location records a 92 Walk Score and 90 Bike Score. CNR zoning and the stated lot configuration may support future planning for an additional detached ADU, subject to applicable approvals and requirements.
The property is located at 1242 East 7th Street in Long Beach, near Belmont Shore, Retro Row, Downtown Long Beach, and Alamitos Beach. Freeway access is described as convenient, while the location records a 92 Walk Score and 90 Bike Score. CNR zoning and the stated lot configuration may support future planning for an additional detached ADU, subject to applicable approvals and requirements.
Key Highlights
- Four total units: 3 conforming units plus 1 non‑conforming unit
- Five detached garages and a separate laundry room
- Electrical system rewired in 2003
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$66,081
Cap Rate
5.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,620
$1.3M
Cap Rate 7%
$944,014
$944.0K
Cap Rate 9%
$734,233
$734.2K
Market Conditions
NOI Build-Up for 2,875 SF
Gross rent
$98.3K $34.20/SF
− Vacancy
−$3.9K −$1.36/SF
EGI
$94.4K $32.84/SF
− OpEx
−$28.3K −$9.85/SF
NOI
$66.1K $22.98/SF
Area
ZIP 90813
Vacancy
3.99%
Lease Rate
$34.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,321,620
Cap Rate 7%
$944,014
Cap Rate 9%
$734,233
Alternative Uses
Best Use
Multifamily LT 5
$944.0K
$826.0K – $1.10M
NOI $66,081 @ 7.0% cap · market cap 5.51%
Second Best
Apartment 5plus
$869.9K
$761.2K – $1.01M
NOI $60,896 @ 7.0% cap · market cap 5.07%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,250
Businesses Nearby
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Business Placement
Demographics for 90813, CA
54,565
Population
18,603
Households
2.9
Avg Household Size
32
Median Age
16%
College-Educated
63%
High-School Grad
3.1 sq mi
ZIP Area
17,602
Density / Sq Mi
$50,302
Median Household Income
$31,450
Median Earnings
$1,578
Median Rent
$543,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Quadplex - Multifamily property with detached garage structures, laundry facilities, and flexible occupancy potential.
Where is this quadplex located?
The property is located at 1242 East 7th Street Long Beach, CA.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Four total units: 3 conforming units plus 1 non‑conforming unit; Five detached garages and a separate laundry room; Electrical system rewired in 2003
