Long Beach, CA 90813,1445 Elm Ave
Long Beach, CA 90813,1445 Elm Ave
Long Beach, CA 90813,1445 Elm Ave
10
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$1,900,000
Est. payment /mo
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6 Beds
7 Baths
4,680 SqFt
New

1445 Elm Ave Long Beach, CA 90813

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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

Acres 0.1716

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

Level or Stories Two

Others

Special Listing Condition Standard


TheMLS (CLAW)
Listed by Dover Management Corp.
agent
Nikki Bonifatto

Agent | RE. S.0175996

+1(702) 467-7343 | nbonifatto@gmail.com

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1445 Elm Ave