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406 E 7th

Long Beach, CA 90813
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Bed 12

Bed

Bath 11

Bath

SqFt7,506

Sqft(Lot)

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 de pth 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.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $1,850,000

AD Id : 90901644

MLS Id : PW26189345

Beds : 12

Lot Size : 7,506 Sqft

Year Built : 1908

County : Los Angeles

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Feature Features

  • Building Information

    Year Built: 1908
    Building Area Total: 7505
    Pool Features: None
    Private Pool: No

  • Lot Information

    Main Square Feet: 7506 Lot Size Acres: 0.1723 Lot Size Source: Assessor Lot Size Square Feet: 7,506 Lot Description: SixToTenUnitsAcre,StreetLevel

    Property Information

    Subdivision: n/a Source Property Type: ResidentialIncome Property SubType: Mixed Use Property Age: 118

  • Listing Price Information

    Listing Price: $1850000
    Cash, CashToNewLoan

  • Tax Information

    Parcel Number: 7273028004 Tax Lot: 4 Tax Block: 44

  • Location Information

    Direction: E. of Long Beach Blvd, W. of Linden WaterSource: Public
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
1036 Cherry Avenue, Long Beach, CA, 90813 $2,275,000 10 8 4,722 5,844 Sqft
1061 N Minerva, Long Beach, CA, 90813 $595,000 1 1 703 2,766 Sqft
1050 Gaviota, Long Beach, CA, 90813 $4,500,000 -- -- 12,928 12,632.40 Sqft
1323 Walnut Ave, Long Beach, CA, 90813 $1,599,000 8 6 -- 6,362 Sqft
1390 Gundry Avenue, Long Beach, CA, 90813 $530,000 1 1 654 2,230 Sqft
755 Gaviota Avenue, Long Beach, CA, 90813 $2,875,000 2 2 -- 6,728 Sqft
933 Walnut Avenue, Long Beach, CA, 90813 $959,000 3 2 1,312 4,013 Sqft
1442 Alamitos Avenue, Long Beach, CA, 90813 $725,000 -- 3 1,064 2,018 Sqft
1377 Warren Avenue, Long Beach, CA, 90813 $1,627,000 4 -- 4,944 5,700 Sqft
1416 Orange, Long Beach, CA, 90813 $1,299,999 6 4 2,926 5,622 Sqft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/02/2026 @ 18:23

MLS: PW26189345 LISTED BY: Juan Huizar, Sage Real Estate Group, Inc. 562-400-7622 SOURCE: CRMLS

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