406 E 7th, Long Beach, CA 90813
Local realty services provided by:ERA Donahoe Realty
406 E 7th,Long Beach, CA 90813
$1,850,000
- - Beds
- - Baths
- 7,505 sq. ft.
- Multi-family
- Active
Listed by: juan huizar, jeff anderson
Office: sage real estate group, inc.562-400-7622
MLS#:PW26189345
Source:CRMLS
Price summary
- Price:$1,850,000
- Price per sq. ft.:$246.5
About this home
Introducing 406–420 E 7th Street and 652–654 Elm Avenue, Long Beach, CA 90813, a rare three-building, eight-unit mixed-use property located at the corner of 7th Street and Lime Avenue. The property consists of five residential units and three commercial units spread across three separate detached structures, providing a well-diversified income stream. The unit mix includes a detached 2-bedroom, 1-bathroom single-family bungalow at 420 E 7th Street, a mixed-use building at 412 E 7th Street containing three ground-floor retail units with two second-story apartments, and a two-story residential duplex at 652–654 Elm Avenue with one unit upstairs and one downstairs.
The property is zoned LBPD-30 and offers excellent visibility with 150 feet of frontage along E 7th Street and 50 feet of depth along both Linden and Elm Avenues. Located on the border of the East Village Arts District, the property benefits from strong walkability and close proximity to downtown Long Beach restaurants, retail, nightlife, cultural attractions, public transportation, and major employment centers.
The property is located within the LBPD-30 Downtown Planned Development Zone, which is intended to encourage higher-density, mixed-use redevelopment and provides flexibility for future development potential, subject to City of Long Beach approvals.
Financial highlights include actual gross annual income of $201,576 and a Gross Rent Multiplier (GRM) of 10.05, with potential upside through rental growth and strategic management. Due to the mixed-use nature of the asset, the property will qualify for commercial financing, typically requiring approximately 30% down payment for qualified buyers.
With multiple detached buildings, diversified income streams, redevelopment potential, and a prime corner location, this property represents a compelling opportunity for investors seeking stable cash flow and long-term appreciation....
Contact an agent
Home facts
- Year built:1908
- Subdivision & Development:n/a
- Listing ID #:PW26189345
- Added:5 day(s) ago
- Updated:September 06, 2026 at 11:02 AM
Rooms and interior
- Living area:7,505 sq. ft.
Structure and exterior
- Year built:1908
- Building area:7,505 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Street Level
Utilities
- Water:Public
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,850,000
- Price per sq. ft.:$246.5
New listings near 406 E 7th
- Coming Soon
$900,000Coming Soon3 beds 3 baths1,812 sq. ft.5913 Cypress Point, Long Beach, CA 90808
MLS# PW26195238Listed by: KELLER WILLIAMS COASTAL PROP. - Coming Soon
$950,000Coming Soon3 beds 1 baths1,058 sq. ft.2322 Charlemagne Avenue, Long Beach, CA 90815
MLS# 226004238Listed by: REAL BROKERAGE TECHNOLOGIES - Coming SoonOpen Thu, 10am to 1pm
$950,000Coming Soon3 beds 2 baths1,530 sq. ft.5403 E Daggett, Long Beach, CA 90815
MLS# PW26194283Listed by: COMPASS - Coming SoonOpen Sat, 1 to 3pm
$899,990Coming Soon2 beds 2 baths1,182 sq. ft.752 Loma, Long Beach, CA 90804
MLS# SR26194688Listed by: REAL BROKER - Coming Soon
$1,995,000Coming Soon4 beds 4 baths4,618 sq. ft.6390 E Bixby Hill, Long Beach, CA 90815
MLS# PW26192135Listed by: DURUS REAL ESTATE - Coming Soon
$499,000Coming Soon2 beds 2 baths906 sq. ft.555 Maine Avenue #219, Long Beach, CA 90802
MLS# PW26193547Listed by: COLDWELL BANKER ENVISION - Coming Soon
$874,988Coming Soon3 beds 4 baths1,594 sq. ft.727 W Hill, Long Beach, CA 90806
MLS# PW26189500Listed by: EXP REALTY OF GREATER LOS ANGELES - Coming Soon
$1,099,000Coming Soon3 beds 2 baths2,000 sq. ft.2730 Marber, Long Beach, CA 90815
MLS# PW26186185Listed by: KELLER WILLIAMS PACIFIC ESTATE - Coming Soon
$599,000Coming Soon1 beds 1 baths843 sq. ft.800 E Ocean #1203, Long Beach, CA 90802
MLS# PW26186218Listed by: REEL PROPERTIES - Coming Soon
$688,000Coming Soon1 beds 1 baths873 sq. ft.5209 Marina Pacifica, Long Beach, CA 90803
MLS# OC26189678Listed by: KELLER WILLIAMS REALTY