406 E 7Th St, Long Beach, CA

Name: 406 E 7Th St, For Sale in Long Beach - eXp Realty
Brand: Sage Real Estate Group, Inc.
SKU: PW26189345
Price: 1850000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,850,000

000

MLS® PW26189345

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Residential Income

Size -

Garage

Taxes

Days Active 43

Lot Size 0.1723 Acres

Approx. Age 1908

MLS® Number PW26189345

Property Address: 406 E 7th St, Long Beach, CA, 90813-4404

Average square foot calculated using Size range provided by listing agent.

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.

MLS® NumberPW26189345

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1908

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Price History

-End Date

Not Sold YetSold Price

For Sale

Aug 31, 2026List Date

$1,850,000List Price

Commute

Commute

Starting Address

Destination Address

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