830 Elm AVE, Long Beach, CA 90813
830 Elm AVE, Long Beach, CA 90813
830 Elm AVE, Long Beach, CA 90813
830 Elm AVE, Long Beach, CA 90813
830 Elm AVE, Long Beach, CA 90813
830 Elm AVE, Long Beach, CA 90813
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Candice Culen

Candice Culen

+1(877) 976-5348
$ 5,150,000
Est. payment | /mo

28 Beds

23 Baths

16,624 SqFt

Save
$ 5,150,000
Est. payment | /mo
Save

28 Beds

23 Baths

16,624 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 16,624 sqft

Price per Sqft $309

MLS Listing ID 26105141

Bedrooms 28

HOA Y/N No

Year Built 1964

Lot Size 0.362 Acres

Property Description

We are pleased to present 830842 Elm Avenue, an attractive 23-unit multifamily investment opportunity located in Long Beach, California. Built in 1964, the property consists of two separate buildings totaling approximately 16,624 square feet on a 15,779-square-foot lot. The desirable unit mix consists of five two-bedroom/one-bathroom units and eighteen one-bedroom/one-bathroom units. The property has benefited from several significant capital improvements, including deck improvements completed in 2024 and copper re-piping completed in 2016. Constructed with wood framing, stucco exteriors, and pitched roofs, the buildings feature select renovated units with upgraded kitchens, quartz countertops, modern cabinetry, stainless steel appliances, contemporary fixtures, and wood-style flooring. Additional interior improvements include updated bathrooms and modern finishes. Residents enjoy gated entry, an on-site laundry room, and ample parking consisting of 12 enclosed garages and four surface parking spaces, providing a total of 16 parking spaces. The property is separately metered for gas and electricity, helping minimize owner-paid utility expenses. Offered at $5,150,000, the property presents an attractive investment opportunity with a 6.72% current capitalization rate and a 9.88 current gross rent multiplier. With strong in-place cash flow and additional upside through continued rent growth, 830-842 Elm Avenue offers investors the opportunity to acquire an established multifamily asset with long-term appreciation potential in the Long Beach rental market. Two separate parcels, 842 APN# (7273-018-004)

Location

State CA

County Los Angeles

Area 4 - Downtown Area, Alamitos Beach

Zoning LBR4N

Interior

Heating Wall Furnace

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Microwave, Refrigerator

Exterior

Parking Features Driveway, Private

Garage Spaces 12.0

Garage Description 12.0

Total Parking Spaces 16

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 7273018005

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Alexander Metaxas Realty Investment Advisors, Inc. #01784652

NEARBY SCHOOLS & PROPERTIES

Candice Culen

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(877) 976-5348

info@yrealtyinc.com

3020 Old Ranch Parkway Suite 250, Seal Beach, CA 90740, US

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830 Elm AVE