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$ 1,900,000
Est. payment /mo
New
1445 Elm AVE Long Beach, CA 90813
6 Beds
7 Baths
4,680 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 4,680 sqft
Price per Sqft $405
MLS Listing ID 25556147
Bedrooms 6
HOA Y/N No
Year Built 1905
Lot Size 7,474 Sqft
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 9 - Poly High
Zoning LBPB29
Interior
Heating Wall Furnace
Fireplace No
Exterior
Parking Features None
Total Parking Spaces 2
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 7269026021
Special Listing Condition Standard
Listed by Douglas Steinriede Dover Management Corp.