1445 Elm Avenue
Long Beach, CA, 90813
$1,849,000
Beds
0 Baths
SqFt
0.17 Acres
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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.

Property Details

Price:
$1,849,000
MLS #:
25556147
Status:
Active
Baths:
0
Address:
1445 Elm Avenue
Type:
Residential Income
Neighborhood:
9polyhigh
City:
Long Beach
Listed Date:
Jun 23, 2025
State:
CA
ZIP:
90813
Lot Size:
7,476 sqft / 0.17 acres (approx)
Year Built:
1905
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1445 Elm Avenue
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