Under contract
Active Under Contract
3430 Elm Avenue
Long Beach CA, 90807
$8,750,000
$154.35 per sqft
Under contract
Active Under Contract
56,690 sqft
Commercial
Built in 1964
Listed by Maty Guiza with Realty One Group West 949-302-6990
Discover an exceptional investment opportunity in Bixby with this well-maintained multi-family residential income portfolio. This portfolio presents an attractive opportunity consisting of 28 2-bedroom units, each offering 1.5 or 1.75 baths.
Building 1: 3430 ELM AVENUE
14 units all 2 bedrooms and 1.5 bath
Building 2: 3440 ELM AVENUE:
14 units all 2 bedrooms and 1.75 bath
**Key Features:**
- **Location:** Conveniently situated close to freeways and downtown Bixby, providing easy access to amenities and commuter routes. Atlantic and Wardlow, 405 Highway, Metrolink, Public Transportation available. Close to hospitals, retail shopping centers, and parks.
- **Unit Configuration:** All units are spacious 2-bedroom layouts, designed to appeal to a wide range of tenants seeking comfort and convenience.
Units can be renovated to generate higher market rent.
- **Maintenance:** Well-maintained buildings with recent updates. New Boiler in 3430, Resident Manager on-site.
- **Community Amenities:** Nearby parks, shopping, dining, and entertainment options enhance tenant satisfaction and attract potential renters.
- **Parcel Details:** Comprising two separate parcels sold as one portfolio, providing flexibility and potential for future development or management strategies.
OC24133197
MLSⓇ ID
June 28, 2024
Listed
October 1, 2024
Updated
Map
3430 Elm Avenue
Long Beach CA, 90807
Interior Features
Total Stories
2
Laundry Description
Common Area
Fireplace
No
Cooling
Yes
Cooling Description
Wall/Window Unit(s)
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.65 Acres
Lot Features
2-5 Units/Acre, Near Public Transit
Roof
Composition
Other Property Details
Area Name
6 - Bixby, Bixby Knolls, Los Cerritos
Taxes
$22,992
Tax Frequency
Annually
Days on Market
68
Garage
No
Parking Total
24
View
No
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LB4RN
Listing History
Date | Event | Price |
---|---|---|
9/4/2024 | Under contract | — |
8/29/2024 | Pending | — |
Listing Contact: 714-698-5300
Based on information from the California Regional Multiple Listing Service (CRMLS) as of 10/1/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. Any offer of compensation is made only to participants of the MLS where the listing is filed.
©2024 California Regional Multiple Listing Service (CRMLS) all rights reserved.
Data last updated on 10/1/2024 at 10:45 PM UTC