Listed by Juan Huizar, Sage Real Estate Group, Inc., (562) 400-7622
406 E 7th St
Long Beach, CA 90813
East Village
12 Beds
11 Baths
7,505 sqft
12 Beds
11 Baths
7,505 sqft
Local Information
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Description
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.
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 Highlights
Parking
No Info
Outdoor
No Info
HOA
None
Price/Sqft
$270
Listed
98 days ago
Home Details for 406 E 7th St
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Beds & Baths Number of Bedrooms: 12Number of Bathrooms: 11 |
Appliances & Utilities Laundry: None |
Windows, Doors, Floors & Walls Common Walls: 1 Common Wall |
Levels, Entrance, & Accessibility Number of Stories: 2Entry Location: 1 |
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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 |
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Cumulative Days on Market: 51Days on Market: 98 |
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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 |
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Price List Price: $2,025,000Price Per Sqft: $270 |
Status Change & Dates Off Market Date: Fri Apr 03 2026 |
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MLS Status: Pending |
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Direction & Address City: Long Beach |
School Information Walk Score: 90 |
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Listing Agent Listing ID: PW26013186 |
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Building Area Building Area: 7505 Square Feet |
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Community Features: Sidewalks, UrbanNot Senior Community |
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Association for this Listing: California Regional MLS |
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Lot Area: 7506 sqft |
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Special Conditions: Trust |
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Contingencies: Drive by only, submit offers subject to inspection. Do not talk to tenants.Listing Terms: Cash, Cash to New Loan |
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Expense Tenant Pays: Electricity, Gas |
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Has Rent Control |
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Mls Number: PW26013186Living Area Range Units: Square FeetAttribution Contact: 562-307-0838Common Interest: NoneUniversal Property Id: US-06037-N-7273028004-R-N |
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SidewalksUrbanSource Internet Entire Listing Display |
Last check for updates: about 7 hours ago
Listing Provided by: Juan Huizar DRE #01417642, (562) 307-0838
Sage Real Estate Group, Inc.
Jeff Anderson DRE #01729514, (562) 784-5241
eXp Realty of California Inc
Originating MLS: California Regional MLS
Source: CRMLS, MLS#PW26013186
Also Listed on CRMLS.
Price History for 406 E 7th St
| Date | Price | Event | Source |
|---|---|---|---|
| 04/03/2026 | $2,025,000 | Pending | CRMLS #PW26013186 |
| 02/11/2026 | $2,025,000 | Listed For Sale | CRMLS #PW26013186 |
| 03/16/2018 | $1,725,000 | Sold | N/A |
| 05/19/2016 | $925,000 | Sold | N/A |
| 09/29/1995 | $160,000 | Sold | N/A |
| 07/13/1995 | $250,000 | Sold | N/A |
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Property Tax and Assessment
| Year | 2025 |
|---|---|
| Tax | $27,419 |
| Assessment | $1,974,464 |
Home facts updated by county records
Comparable Sales for 406 E 7th St
Address | Distance | Property Type | Sold Price | Sold Date | Bed | Bath | Sqft |
|---|---|---|---|---|---|---|---|
0.25 | Multi-Family Home | $2,135,000 | 06/10/25 | 10 | 10 | 7,942 | |
0.24 | Multi-Family Home | $2,450,000 | 05/18/26 | 14 | 16 | 10,464 | |
0.47 | Multi-Family Home | $2,590,000 | 10/03/25 | 14 | 10 | 8,945 | |
0.49 | Multi-Family Home | $2,200,000 | 09/29/25 | 16 | 9 | 7,122 | |
0.61 | Multi-Family Home | $1,850,000 | 12/22/25 | 11 | 11 | 6,087 | |
0.25 | Multi-Family Home | $1,400,000 | 02/26/26 | 8 | 4 | 5,308 | |
0.60 | Multi-Family Home | $1,365,000 | 02/12/26 | 9 | 9 | 7,190 | |
0.64 | Multi-Family Home | $2,280,000 | 10/06/25 | 15 | 12 | 7,166 | |
0.68 | Multi-Family Home | $2,480,000 | 08/13/25 | 12 | 10 | 7,045 | |
0.52 | Multi-Family Home | $2,025,000 | 12/31/25 | 16 | 8 | 6,144 |
Assigned Schools
These are the assigned schools for 406 E 7th St.
- Franklin Classical Middle School
- 6-8
- Public
- 991 Students
4/10GreatSchools RatingParent Rating AverageThis school is wild, but at least it's true. This school is a mix of backgrounds and personalities, which is both good, okay, and bad. Yes, this school has "dangers," but if you do something before it does, it would be so much safer. I say this because most students here want to deal with their issues themselves, but it ends up being a mess. This school is good if you make an effort to report things you see that may endanger someone else. This school does NOT mess around when they hear a student is struggling with something, or has an issue with someone (family, friends, peers), the school will help you. This school makes an effort to help students be safe and happy, but they can only do that IF you make an effort to tell a staff member that something is going on. This school makes an effort to make sure it's safe, friendly, non-toxic, and so much more, but they need students' help with reporting something before the issue gets worse. OH, and this school has a great education system, but you do have to remind ur student if they're struggling to ask for help! The teachers here will help you (yes, even the strict ones!).Student Review6mo ago - Polytechnic High School
- 9-12
- Public
- 3890 Students
7/10GreatSchools RatingParent Rating AverageLong Beach Poly is the pride and joy of Long Beach. It is a school that encourages the creativity and growth of its diverse student body from many different backgrounds. All teachers in every pathway are among the best you will ever find. From supporting nearly 4,100 students, all teachers are incredibly helpful and truly want their students to grow not just academically; but provide guidance for building character. All faculty and staff are kind, warm, and truly show what being a Jackrabbit is. Right when you walk into this school, you can tell how the student body and all staff are truly proud to be at Poly and be a Jackrabbit.Student Review5mo ago - International Elementary School
- K-5
- Public
- 519 Students
5/10GreatSchools RatingParent Rating AverageThis school is absurd I went to this school back in the early 200’s and it’s sad to say I would never recommend this school to anyone . 1. From the principal to the office staff is a joke no one communicates with each other , they can’t be honest with parents as well this is not a SAFE PLACE for children because on top of not caring who comes in the school you guys only watch the kids for 5mins then let them sent on a bench by themselves as your “kinda close by” . Also the past experiences up to this moment have all been negative. I honestly feel this school needs a revamp & reevaluation on the school administration here .Parent Review1y ago 
Check out schools near 406 E 7th St.
Neighborhood Overview
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
86 % Say it's walkable to grocery stores
86 % Say neighbors are friendly
80 % Say car is needed
67 % 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
33 % Say streets are well-lit
Sourced by Trulia users. Learn more about our methodology.
LGBTQ Local Legal Protections
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 2026-02-09 09:51:42 PST 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
Based on information from California Regional Multiple Listing Service, Inc. as of 2026-02-09 09:51:42 PST 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
406 E 7th St, Long Beach, CA 90813 is a 12 bedroom, 11 bathroom, 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 Feb 11, 2026. The MLS # for this home is MLS# PW26013186.