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

 

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