1445 Elm Ave new Save Request In-Person Tour Request Virtual Tour
Long Beach,CA 90813
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $405
MLS Listing ID 25556147
Bedrooms 6
Year Built 1905
Lot Size 7,476 Sqft
Property Sub-Type Multi-Family
Property Description
1445 Elm is a seven-unit investment opportunity located in Long Beach, California. The property consists of four separate structures on a 7,476 square foot lot. Built in 1905, it includes (2) studios, (1) two-bedroom one-bath unit, and (4) one-bedroom one-bath units. The asset is well-managed, with most units at or near market rent. New ownership has the opportunity to capture remaining loss to lease and benefit from a stable, cash-flowing investment. 1445 Elm is conveniently located just a 5-minute walk from the Metro A Line Anaheim Street station and a short drive to the East Village Arts District and the Pacific shoreline. Within a one-mile radius are two of Long Beach's largest employers St. Mary Medical Center and Long Beach City College. Long Beach continues to be a high-growth residential area, with approximately 1,100 units currently in the construction pipeline, representing a 1.8%increase in total housing inventory upon completion. In the past 12 months, the submarket has seen the delivery of approximately 280 net new units.
Location
State CA
County Los Angeles
Area Poly High
Zoning LBPB29
Rooms
Other Rooms None
Interior
Heating Wall
Cooling Ceiling Fan
Equipment None
Exterior
Parking Features None
Garage Spaces 2.0
Building
Story 2
Others
Special Listing Condition Standard