$1,850,000

406 E 7th St, Long Beach, CA 90813

7,505 sq ft

Listed by Sage Real Estate Group, Inc., Juan Huizar
562-307-0838

Status: Active

MLS® #PW26189345

Property description for 406 E 7th St, Long Beach, CA 90813

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.

QUICK OVERVIEW

Built in 1908
$247 / Sq Ft
51 days on website
0.1723 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Juan Huizar

Listing Office Sage Real Estate Group, Inc., 5624007622

Updated Thursday, August 27, 2026 at 3:54:54 PM

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 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. Information deemed reliable but not guaranteed. Copyright © 2026 California Regional Multiple Listing Service, Inc. All rights reserved.

NEIGHBORHOOD

About the East Village Neighborhood

East Village is a "jack-of-all-trades" when it comes to the ambience of this area. East Village is quiet, as the streets tend to be quite tranquil. Reaching public green spaces, like Rainbow Lagoon, is easy from a lot of locations in the neighborhood since there are a few of them close by for residents to enjoy. Finally, this area has many places to visit. Despite the fact that there are few nearby entertainment venues, there are a very large number of people around most of the time, and finding one of the approximately 30 bars is very easy since they are generally situated in very convenient locations.

Learn more about East Village

Daycares

At least one daycare within a very short walk

High Schools

At least one high school within a 5-minute walk

Elementary Schools

At least one elementary school within a 5-minute walk

Groceries

Exceptional variety of groceries within a few minutes' walk

Restaurants

Wide variety of restaurants within a few minutes’ walk

CLIMATE RISK FOR 90813

PROPERTY HISTORY FOR 406 E 7TH ST

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406 E 7th St, Long Beach, CA 90813

Property description for 406 E 7th St, Long Beach, CA 90813

QUICK OVERVIEW

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

AREA AND SCHOOLS

NEIGHBORHOOD