$2,025,000
406 E 7th, Long Beach CA 90813
Multi-Family (8 Units)
Property type
120 days
On market
$270
Price per sqft
0 cars
Garage
1908
Year built
7,506 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Juan Huizar DRE #01417642, Sage Real Estate Group, Inc., Jeff Anderson DRE #01729514 562-261-0310, eXp Realty of California Inc
Listing updated: Jun 11, 2026 at 06:16pm.
Last checked: Jun 11, 2026 at 07:00pm
Source: CRMLS #PW26013186
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 0 | 1 | — | $1,242 | $1,242 | $1,500 | Unfurnished |
| 1 | 0 | 1 | — | $1,458 | $1,458 | $1,500 | Unfurnished |
| 1 | 3 | 2 | — | $2,884 | $2,884 | $2,950 | Unfurnished |
| 1 | 3 | 2 | — | $2,295 | $2,295 | $2,950 | Unfurnished |
| 1 | 0 | 1 | — | $2,516 | $2,516 | $2,600 | Unfurnished |
| 1 | 2 | 1 | — | $2,290 | $2,290 | $2,300 | Unfurnished |
| 1 | 2 | 1 | — | $1,971 | $1,971 | $2,300 | Unfurnished |
| 1 | 2 | 2 | — | $2,144 | $2,144 | $2,200 | Unfurnished |
# of Buildings: 3
# of Units Total: 8
Separate Electric Meters: 8
Separate Gas Meters: 8
Separate Water Meters: 1
Rent Control: Yes
Units Leased: 8
Total Actual Rent: $16,800
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
10.0x
List Price / Annual Gross Rent
Cap Rate
6.6%
NOI / List Price
Gross Scheduled Income: $201,576
Vacancy Allowance: $10,079
Operating Expense: $56,964
Net Operating Income: $134,533
Annual Operating Expenses
Gardener: $1,200
Insurance: $8,000
Licenses: $500
Maintenance: $6,000
New Taxes: $25,313
Professional Management: $10,924
Trash: $2,500
Water / Sewer: $3,940
Interior
Laundry: None
Entry Location: 1
Exterior
Property Attached: Yes
Stories Total: 2
Common Walls: One Common Wall
Lot Features: Six To Ten Units Acre, Street Level
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 0
Parking Total: 0
Lot Information
Land Lease: No
Common Interest: None
Parcel #: 7273028004
Additional Parcels: No
Tax Lot: 4
Tax Block: 44
Subdivision: n/a
Community
Senior Community: No
Community Features: Sidewalks, Urban
Nearby Schools
Nearby schools around the 406 E 7th, Long Beach, CA 90813. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,620,000
Total Interest
$2,066,221
Total Payment
$3,686,221
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$12,499
per month
Property History for 406 E 7th
Long Beach Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90813.
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