406 E 7th St, Long Beach, CA 90813
Property image
Property image
FOR SALE
NEW - 6 HRS AGO
Listed by Juan Huizar, Sage Real Estate Group, Inc., (562) 400-7622

$1,850,000

  • Studio
  • 7,505 sqft

406 E 7th St, Long Beach, CA 90813

East Village
Est. Mortgage $11,288/mo*
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Home Highlights

Property Type
Multi-Family
Year Built
1908
Price/Sqft
$247

Local Information

  • Map ViewExplore the area around 406 E 7th St.
  • Schools1 Elementary School1 Middle School1 High School
  • Shop & Eat
-- mins to
Commute Destination

About this House

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.

Home Details for 406 E 7th St

Interior Features

Appliances & Utilities
Laundry: None
Windows, Doors, Floors & Walls
Common Walls: 1 Common Wall
Levels, Entrance, & Accessibility
Number of Stories: 2Entry Location: 1

Exterior Features

Exterior Home Features
No Private Pool
Parking & Garage
No Garage
Pool
Pool: None
Frontage
Not on Waterfront
Water & Sewer
Sewer: Public Sewer
Surface & Elevation
Elevation Units: Feet

Days on Market

Days on Market: 1

Property Information

Year Built
Year Built: 1908
Property Type / Style
Property Type: Residential IncomeProperty Subtype: Mixed Use
Building
Not a New ConstructionAttached To Another StructureNo Additional Parcels
Property Information
Parcel Number: 7273028004

Price & Status

Price
List Price: $1,850,000Price Per Sqft: $247

Active Status

MLS Status: Active

Location

Direction & Address
City: Long Beach
School Information
Walk Score: 90

Agent Information

Listing Agent
Listing ID: PW26189345

Building

Building Area
Building Area: 7505 Square Feet

Community

Community Features: Sidewalks, UrbanNot Senior Community

HOA

Association for this Listing: California Regional MLS

Lot Information

Lot Area: 7506 sqft

Listing Info

Special Conditions: Trust

Offer

Contingencies: Drive by only, submit offers subject to inspection. Do not talk to tenants.Listing Terms: Cash, Cash to New Loan

Business

Expense
Tenant Pays: Electricity, Gas

Rental Terms, Policies & Fees

Has Rent Control

Miscellaneous

Mls Number: PW26189345Living Area Range Units: Square FeetAttribution Contact: 562-307-0838Common Interest: NoneUniversal Property Id: US-06037-N-7273028004-R-N

Additional Information

SidewalksUrbanSource Internet Entire Listing Display

Around this home

Neighborhood Overview

East Village
See Local Highlights
Neighborhood stats provided by third party data sources.

What Locals Say about East Village

At least 2 Trulia users voted on each feature.

  • 100 % Say it's dog friendly

  • 100 % Say it's walkable to restaurants

  • 100 % Say there are sidewalks

  • 89 % Say neighbors are friendly

  • 83 % Say car is needed

  • 75 % Say it's walkable to grocery stores

  • 71 % Say they plan to stay for at least 5 years

  • 50 % Say there's holiday spirit

  • 50 % Say parking is easy

  • 40 % Say kids play outside

  • 25 % Say streets are well-lit

Sourced by Trulia users. Learn more about our methodology.
  • Enoc Caceres
    "that parents should teach good principles to their children, so that in the future they become good citizens."
    0
    Flag
  • Trulia User
    "there are a lot of pet owners who walk their dogs around. they are all super friendly and pick up after their dogs. they love to socialize "
    2
    Flag
  • Trulia User
    "not sure about the community events here. call you if I spelled it up and you are looking to enroll full of my favorite books "
    0
    Flag
  • Trulia User
    "It's well kept, VERY neighborly, and walkable. It's safe! My dog and I LOVE IT, THE PEOPLE, THE SMELL OF FOOD, EVERYTHING!!"
    14
    Flag
  • Trulia User
    "I live in East Village - great neighborhood. There is a feeling of community and the neighbors look out for each other."
    8
    Flag
  • Trulia User
    "I love living in DTLB. I like that everything is a short walk away, plenty of places to eat, things to do, events, and the beach is right there! Most places/restaurants are dog friendly. The downsides for me would definitely be lack of parking in most areas and the unhoused/transient folks sometimes is out of control in some parts. But those things are expected in the downtown area. "
    9
    Flag
  • Trulia User
    "it use to be safe and fun with the seasonal events happening. In 2022, petty crime and random shooting (no hit) and the rise of high crime, businesses having their doors/windows smashed, is sad. I'm glad to finally leave in July."
    0
    Flag
  • Trulia User
    "I have lived in this area for 4 years and love it. Everything is walking distance and convenient. …"
    6
    Flag
  • Trulia User
    "There is an Art Walk every second Sunday. I live in the Art district so there are paintings displayed everywhere. A lot of restaurants and a walk to the grocery store. Unique small businesses. I am 4 blocks away from the beach, pike outlet, Long Beach convention center, and shoreline village. A lot of tourists in the area. The train is a block away. "
    2
    Flag
  • Trulia User
    "Easy access to 710 and 110 fwys. Metro runs through the heart of DTLB. I commute to Beverly Hills, which is awful with traffic. Traveling more than 10 miles to work is a nightmare depending on the destination "
    0
    Flag
  • Trulia User
    "Great diverse and kind neighbors live here. It’s really close to the breach and there are also so many great restaurants near by to enjoy."
    1
    Flag
  • Trulia User
    "The commute is okay. It typically takes me about 15-20 minutes to get to the 405 from where I live, and another 30-40 from there to get to Orange County."
    0
    Flag
  • Trulia User
    "Can be nice, but a lot of homeless people. Although they aren’t aggressive, some have the tendency to flash or be sprawled out across the side walks "
    0
    Flag
  • Martinique B.
    "Dog owners would love the fact that the area's dog friendly. Lots of local dog parks nearby, as well as eateries & bar's. "
    4
    Flag
  • Gifted C. J.
    "The art and the beach make the community special but not much of a unique experience. Over priced and not very peaceful. "
    2
    Flag
  • Sarah C.
    "It’s a perfect urban part of downtown. Walkable stores, bars, restaurants and etc. There’s always something to do and it’s a great neighborhood to live in."
    13
    Flag
  • Amanda A.
    "Not many places for kids to play. Lots of loud, mentally ill homeless. There aren’t many children seen in the area. Mostly young, working adults."
    4
    Flag
  • Lisa
    "The downtown Long Beach Monthly events are unique to its town. It’s easy to fall in love with the monthly Art walk, mon/fri night market, and artisan street fairs"
    1
    Flag
  • Jeromyabailey
    "The homeless population is rampant. Move here with caution. There’s a general feeling of being unsafe and always having to look over your shoulder. "
    2
    Flag
  • Fredfjz
    "is safe but crazy! lots of crazy people and homeless around but safe in the day time, but at night is very sc sketchie."
    1
    Flag
  • Freddy B.
    "It’s perfect to My needs .... and closer To any big streets or a it’s or enter to freeways ..... tráfico It’s like everywhere Heavier on the rush hours but I always fiend the way to easy and fast get sage and fast to My destinations ...!"
    1
    Flag
  • Mona T.
    "Close to freeway lots of lights homeless no parking dirt smells close to stores fast food schools most people polite "
    0
    Flag
  • Brett R.
    "Friendly people. Pet friendly lots of stores and restaurants. Good safe, and quiet You have easy transition and transportation. "
    1
    Flag
  • James L.
    "east village does not extend as far north as 8th street it ends between 4th to 6th street certainly not beyond 90802 zipcode stop fake marketing of apartments as east village when they are not 800 linden ave is not east village "
    3
    Flag
  • Zoe S.
    "Very dog friendly.. only good thing about the area ..parking sucks and over priced. Gentrification at its best "
    1
    Flag
  • Alicia C.
    "In my neighborhood or area, I can walk to downtown Long Beach and there are always events or things going on. Even farmer markets on certain days of the month. Or music events also on certain days of the month. And everything is usually walking distance or if not, a quick and inexpensive Uber or Lyft ride to the events. "
    1
    Flag
  • Alicia C.
    "This isn’t exactly a kid friendly neighborhood since there are a lot of apartments and a busy street with many cars passing by. Also a lot of stray cats. Not sure how close by the local schools are to my complex. "
    0
    Flag
  • Alicia C.
    "My neighborhood is centered in an area where it’s very easy to walk to grocery store, to restaurants, shops, close to the freeways. Very dog friendly. "
    1
    Flag
  • Arpan K.
    "I love this neighborhood cuz I live here and work here. It’s close to everything and people are really nice. I started my band from here. It’s home for NepCali"
    2
    Flag
  • Lucio V.
    "There is a beautiful beach and parks for your kids to play. Try to stay away from North Long Beach. It is not the safest. "
    0
    Flag
  • Rose A.
    "I've lived here for 3 years now. Neighbors are friendly, dog-friendly town, cool restaurants are within walking distance. There's always something to do especially on the weekends! So dynamic and alive, yet chill cause I'm steps away from the beach."
    1
    Flag
  • April D.
    "There"s something always going on. But down the street Broadway/Lime live music. It"s good and the ppl are warm and friendly"
    0
    Flag
  • Alex M.
    "I walk to work in downtown. I am very close to public transportation as well and a major freeway. Nothing is too far."
    0
    Flag
  • Jordannpascallhome
    "There aren’t any close parks by, it’s very annoying because the dog parks are a drive away. Also there’s mostly pavement so the doggos have to walk on the hard floor. "
    0
    Flag
  • Adamjohnames
    "It’s not a good neighborhood to raise kids, they will regularly be exposed to meth use on the streets"
    1
    Flag
  • skitt90
    "Nothing. No one goes outside. Too boring. Neighbors either smoke or drink. All the parks are filled with dirty people and homeless and or just feels dirty. We stay inside. Watch tv. Or travel all the way to San Diego just to do something fun. Kdb is gone and so is Walmart. I’m moving out of California this time next year. Already secured location. "
    2
    Flag
  • Mackenzieralston
    "Constantly see people walking dogs, the only down side is the amount of trash left on the floor for furry friends to get into. "
    0
    Flag

Market trends in Long Beach

Last updated July 2026
Buyer'sMarketSeller'sMarket
Avg. sale price
$818K
$12.5KMoM
Sale-to-List Price
100.0%
Price per sq ft
$646
$17MoM
Available listings
797
3MoM

Home Value

Trulia Estimate
$1.81M
Since last month
Decreased$117K (-6.1%)
Since last year
Decreased$460K (-20.3%)
Since last sale
Increased$82K (+4.7%)
Learn more about this home's value by checking out its Trulia Estimate, the value of nearby homes, and how much similar homes have sold for.

Trulia Estimate

The of this home's value decreased by -11% in the last 10 years
MonthEstimated value
2026
August 2026$1.81M
July 2026$1.92M
June 2026$1.92M
May 2026$1.94M
April 2026$1.93M
March 2026$1.94M
February 2026$2M
January 2026$2.22M
2025
2024
2023
2022

Comparable sales

These are recently sold homes that have a similar location or other similar features to this home, like bedrooms, bathrooms, and square footage. Get a sense of the expected prices in the area by viewing these homes.
Address
Distance
Property Type
Sold Price
Sold Date
Bed
Bath
Sqft
626 Linden Ave, Long Beach, CA
0.08
Multi-Family Home
$1,650,000
06/30/26
9
9
7,131
627 Linden Ave, Long Beach, CA
0.04
Multi-Family Home
$2,600,000
03/06/26
3
22
8,543
636 Linden Ave, Long Beach, CA
0.08
Multi-Family Home
$3,005,000
03/11/26
20
7,204
728 Lime Ave, Long Beach, CA
0.24
Multi-Family Home
$1,605,000
04/29/26
14
7
5,707
735 Locust Ave, Long Beach, CA
0.25
Multi-Family Home
$1,400,000
02/26/26
8
4
5,308
721 E 7th St, Long Beach, CA
0.24
Multi-Family Home
$2,450,000
05/18/26
14
16
10,464
1025 Locust Ave, Long Beach, CA
0.39
Multi-Family Home
$1,760,000
07/02/26
4
8
5,498
1004 E 5th St, Long Beach, CA
0.49
Multi-Family Home
$2,200,000
09/29/25
16
9
7,122
310 W 8th St, Long Beach, CA
0.47
Multi-Family Home
$2,590,000
10/03/25
14
10
8,945

Nearby home prices

Get a sense of expected prices in the area by checking the value of nearby homes.
Address
Distance
Price
Bed
Bath
Sqft
Status
424 E 7th St, Long Beach, CA 90813
0.02
$644,700
3
1
1,064
Off Market
640 Elm Ave #3, Long Beach, CA 90802
0.01
$264,100
1
1
665
Off Market
640 Elm Ave #5, Long Beach, CA 90802
0.01
$225,000
1
1
637
For Sale
640 Elm Ave #7, Long Beach, CA 90802
0.01
$225,000
1
1
639
For Sale
640 Elm Ave #8, Long Beach, CA 90802
0.01
$225,000
1
1
639
For Sale
640 Elm Ave #9, Long Beach, CA 90802
0.01
$225,000
1
1
703
For Sale
640 Elm Ave #12, Long Beach, CA 90802
0.01
$249,000
1
1
665
Recently Sold
640 Elm Ave #18, Long Beach, CA 90802
0.01
$225,000
1
1
642
For Sale
640 Elm Ave #21, Long Beach, CA 90802
0.01
$257,600
1
1
637
Off Market
640 Elm Ave #23, Long Beach, CA 90802
0.01
$225,000
1
1
699
For Sale
640 Elm Ave #24, Long Beach, CA 90802
0.01
$255,800
1
1
703
Off Market
640 Elm Ave #25, Long Beach, CA 90802
0.01
$259,000
2
2
1,099
For Sale

Price and Tax history

DateEventPrice
Aug 31, 2026
Source: CRMLS #PW26189345
Listed For Sale
$1,850,000
Mar 16, 2018
Source: N/A
Sold
$1,725,000
May 19, 2016
Source: N/A
Sold
$925,000
Sep 29, 1995
Source: N/A
Sold
$160,000
Jul 13, 1995
Source: N/A
Sold
$250,000

LGBTQ Local Legal Protections

Juan Huizar, Sage Real Estate Group, Inc.
Agent Phone: (562) 307-0838
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 copyright 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.
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-08-31 16:18:30 PDT 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

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Frequently asked questions about 406 E 7th St

  • What is the estimated monthly payment for 406 E 7th St?
    Based on a $1,850,000 list price with 20% down at today's rates, the estimated monthly payment for 406 E 7th St in Long Beach, CA is approximately $11,560 (about $9,666 principal & interest, $1,819 property taxes, and $75 homeowner's insurance). This is an estimate. Actual payment depends on your loan terms.
  • How does the list price for 406 E 7th St compare to homes in Long Beach?
    406 E 7th St in Long Beach, CA is listed at $1,850,000, about 126% above the $818K median sale price in Long Beach.
  • What are the closest schools to 406 E 7th St?
    The closest schools to 406 E 7th St in Long Beach, CA are Franklin Classical Middle School (rated 4/10), International Elementary School (rated 5/10), Polytechnic High School (rated 7/10).
  • What is 406 E 7th St estimated to be worth?
    Trulia's estimated value for 406 E 7th St in Long Beach, CA is $1,806,700.
406 E 7th St, Long Beach, CA 90813 is a studio, 7,505 sqft multi-family built in 1908. 406 E 7th St is located in East Village, Long Beach. This property is currently available for sale and was listed by CRMLS on Aug 31, 2026. The MLS # for this home is MLS# PW26189345.