1470 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 6,678 sqft
Price per Sqft $381
MLS Listing ID 25-484395
Bedrooms 19
Year Built 1959
Lot Size 7,596 Sqft
Acres 0.1744
Property Description
PRICED TO SELL - 10.2 GRM AND 6.3% CAP AGAINST IN-PLACE RENTS. 10 units in Long Beach subject to AB 1482 rent control - maximum annual increase of 5% + CPI. All 2+1's, 9 of 10 units heavily remodeled with new kitchens, baths and flooring. Over $250K spent on CAP EX since 2020. The property is professionally managed and well-maintained. There is parking in the rear for 8 cars and an onsite laundry room. EMAIL LISTING AGENT FOR MORE INFO INCLUDING A RENT ROLL AND SETUP.
Location
State CA
County Los Angeles
Area Poly High
Zoning LBR3S
Rooms
Other Rooms None
Interior
Heating Wall
Cooling None
Equipment None
Exterior
Parking Features Assigned
Garage Spaces 8.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard